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Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 2:55 pm
by te_fern
Pasta Boss, are you using the VWAP as the stop loss line?

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 2:56 pm
by te_fern
Can we push through the high of the opening???

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 3:00 pm
by te_fern
Back tested the magic line, will it hold...

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 3:02 pm
by Al_Dente
te_fern wrote:Pasta Boss, are you using the VWAP as the stop loss line?

Stop was the HIGHER LOWS in the 70.70 range
Very close to VWAP
Raised stop to the breakout in the 71.20 range [edit: where your blue line is]. I know it’s too tight, but there you are
I DO NOT like this double top nonsense. I don’t want it to correct much
(A few cents is a steak dinner)
IMHO
FWIW

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 3:04 pm
by Trades with cats
Is the bond market still sick today? Thinking risk parity funds reducing leverage as there is a clear headwind.

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 3:04 pm
by te_fern
Al_Dente wrote:
te_fern wrote:Pasta Boss, are you using the VWAP as the stop loss line?

Stop was the HIGHER LOWS in the 70.70 range
Very close to VWAP
Raised stop to the breakout in the 71.20 range, I know it’s too tight, but there you are
I DO NOT like this double top nonsense. I don’t want it to correct much
(A few cents is a steak dinner)
IMHO
FWIW


That was my first stop too, didn't want noise to knock me out. I moved up to 70.90. Probably need to move up to your point shortly....
Thanks, great info!!

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 3:06 pm
by te_fern
S&P is not helping us here with its weakening!

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 3:12 pm
by Al_Dente
for me price stop (pink dashed line) is better than vwap stop
i raised it to the breakout level
more sober folks would hold unless/until it breaks those higher lows there
but me want steak
1220tna2.png (1).png

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 3:13 pm
by Trades with cats
Speaking of corrections both the wave counters I follow are saying intermediate top could be in. One more negative, but both thinking a final higher high is possible. In other words intermediate top already is possible but not for sure yet.

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 3:17 pm
by Al_Dente
ALMANAC (old post from Dec 12, 2017)
“In a typical year the smaller fry stay on the sidelines while the big boys are on the field. Then, around late November, small stocks begin to stir and in mid-December, they take off.”
“Small-cap stocks tend to outperform big caps in January. This is frequently referred to as the “January Effect”…”
http://jeffhirsch.tumblr.com/post/16847 ... -small-cap

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 3:34 pm
by fehro
fehro wrote:SPX still try to fill Mon's gap.. if 2668.97 goes on SPX lookin for a VERY sharp drop to 2625.. yup crazy 40+ points SPX :roll: mind the open gaps below.


buckle up.. on the edge of cliff… SPY breaks looking for -$3.00 drop to 264.25 -- SPX could see a huge drop SPX 5m 3 day H&S LOD goes look for -22 point drop

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 3:43 pm
by brokebybernacke2
fehro wrote:
fehro wrote:SPX still try to fill Mon's gap.. if 2668.97 goes on SPX lookin for a VERY sharp drop to 2625.. yup crazy 40+ points SPX :roll: mind the open gaps below.


buckle up.. on the edge of cliff… SPY breaks looking for -$3.00 drop to 264.25 -- SPX could see a huge drop SPX 5m 3 day H&S LOD goes look for -22 point drop



possible, so hard to believe santa would do such a thing...

on another note...

Block of DOOM puts buyer in Barclays suggests 30day hedgeBlock of DOOM puts buyer in Barclays suggests 30day hedge. Shares $10.85 with a notable purchase of 20K Jan 7 puts on the Amex at midday, opening a new position expiring in 30days struck nearly 36% below current spot. While Barclays shares have sat out the rally in most other financials this year, they have not seen the $6 handle since Brexit in June 2016.

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 3:51 pm
by Al_Dente
early HAPPY HOUR; see u tomorrow
steak.png.png

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 3:52 pm
by Cobra
really just a dream.

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 4:16 pm
by Daniel
Cobra wrote:really just a dream.

Ah, but as a wise man is fond of saying, "all bulls need is imagination".

Santa Claus time is not usually the time for bears to dream.

:)

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 4:18 pm
by Daniel
Currently, IWM and QQQ are both hanging around their (flat) 15min 20ema. SPY remains below...

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 4:20 pm
by fehro
Daniel wrote:
Cobra wrote:really just a dream.

Ah, but as a wise man is fond of saying, "all bulls need is imagination".

Santa Claus time is not usually the time for bears to dream.

:)


Santa is going to book a profit.. lol :roll: and take a holiday

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 4:34 pm
by Daniel
Actually, according to Hirsh and STA the Santa Claus rally is just the last days of December, and not the whole month. The best is yet ahead! (on average, historically)

:)

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 4:44 pm
by brokebybernacke2
Daniel wrote:Actually, according to Hirsh and STA the Santa Claus rally is just the last days of December, and not the whole month. The best is yet ahead! (on average, historically)

:)


yep
expect levitation soon into new year until budget/govt shutdown jan 19 - that should be about it on silly levitation...

that being said, opinion this really is a good spot for a bear to go to town, would be a shocker! but they hibernating already my guess...

Re: 12/20/2017 Live Update

PostPosted: Wed Dec 20, 2017 4:51 pm
by Cobra