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12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 10:21 am
by Cobra
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maybe the low was in?

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 10:23 am
by Cobra

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 10:36 am
by te_fern
Got stopped out of TNA yesterday on the pullback... Have to take a new look today!

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 10:38 am
by Daniel
VXN lod
QQQ maintaining its recent RS leader status... for eg., it's still well above the Open, while SPY is well below.

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 10:38 am
by te_fern
SPX not holding its opening gains....

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 10:41 am
by te_fern
As you can see on this chart the SPX hasn't been able to hold its gap up openings the last couple of days. Going to assume today is the same until the market shows me otherwise....

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 10:47 am
by te_fern
The Bios jumped to the top of their box, but has now slid back in....

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 10:49 am
by Trades with cats
Last night it was the London/Frankfurt crowd that created that gap up open for us. They keep pushing up but the Globex extended hours are only 1/10th of the pit or cash or open outcry trading hours. And the pit hours want that Friday Monday gap traded. So it is kinda like Groundhog Day the Movie!

Another issue is that they run a reasonable chance of shutting down the government for the holidays, so Bond market is having fits and it is ripping up the risk parity crowd.

I just keep repeating Trade what you see, not what you think!

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 10:52 am
by Trades with cats
ES 03-18 (1100 Tick) 2017_12_21.png

Overnight view. Those cornflower blue rays with a price in the margin are recent days POCs from the Renko chart. Untill proven otherwise I see them as support resistance levels.

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 11:02 am
by Daniel
Gap fill on QQQ, MDY and XLI

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 11:03 am
by te_fern
The TICKs appear to be growing positive on the day...

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 11:06 am
by Cobra

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 11:08 am
by Al_Dente
McClellan's latest:
Architecture Billing Index as a leading indicator
https://www.mcoscillator.com/learning_c ... ed_growth/

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 11:09 am
by Cobra

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 11:09 am
by Cobra
morning hourly black bar.

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 11:20 am
by te_fern
Levered Bios bounced out of the box to the top...

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 11:25 am
by Trades with cats
Skunk in the woodpile- I know of two risk parity funds available to retail investors, ABRZX and AQRIX. They both took a major hit this week, roughly 10% drop. So my opinion is the bond market has caused equities to struggle this week through the mechanism of risk parity fund deleveraging.

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 11:29 am
by Daniel
GLD holding the 120 level (so far, that was lod)
SLV hitting hod.

XLB very weak tho, near its lod..

Energy complex, all EEM strong today. Each sector currently HOD.

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 11:38 am
by Cobra
this bull shall have legs.

Re: 12/21/2017 Live Update

PostPosted: Thu Dec 21, 2017 11:38 am
by te_fern
Starting to move...