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12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 10:22 am
by Cobra
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triangle, bias is a little up.

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 10:26 am
by Cobra

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 11:04 am
by Cobra

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 11:04 am
by Cobra
Morning hourly hollow red bar.

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 11:07 am
by Cobra
RSP actually is up so SPX down is mainly because of AAPL, nothing wrong.

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 11:13 am
by te_fern
TICK doesn't look too bad...

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 11:15 am
by te_fern
Watching the box for the levered smalls....

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 11:19 am
by fehro
VIX and TLT both testing 50d SPX bearish wedge 60m.. LOD goes on SPX with Conviction, looking for -40 point drop to 2636ish Dec 8th open gap.. measured move

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 12:03 pm
by te_fern
Resistance line on the SPX...

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 12:26 pm
by Daniel
Up/Down vol on NYSE is bullish by about 2:1. On Naz, slightly bearish.

NYSE and Naz advancers are low to moderate-- but not far off their HOD.

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 12:32 pm
by Daniel
Cobra wrote:RSP actually is up so SPX down is mainly because of AAPL, nothing wrong.

AAPL currently hanging out around its daily VWAP, ca 170.50; just above there is the 5min 20MA and the Open, both around 170.75 or thereabouts.

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 12:33 pm
by Al_Dente
ALMANAC:
three trading days following the Christmas
http://jeffhirsch.tumblr.com/post/16883 ... storically

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 12:38 pm
by Al_Dente
REBALANCING ALERT:
This week managed portfolios face a well-documented, mandatory “Quarterly Portfolio Rebalancing,” wherein the managers under contract to maintain a fixed percentage in stocks/bonds (often 65/35 but it varies), must re-align their portfolios to satisfy their contractual mandate.
Since stocks have outperformed bonds this quarter, these managed portfolios will be selling stocks and buying bonds to regain their mandated balance. This will be happening until end-of-quarter Friday 12/29/17, but many managers wait until the last minute to accomplish this.
With the “Santa Rally” in force, stock buyers may overwhelm the forced selling (as they have in some previous quarters), so we’ll see …
1226rebalance.png

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 12:39 pm
by Daniel
IWM and MDY both again green.

SMH rebounding strongly from its nearly 2% selloff. Back over 98.

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 12:51 pm
by Al_Dente
rotation update
1226rotation.png

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 12:59 pm
by Daniel
Daniel wrote:AAPL currently hanging out around its daily VWAP, ca 170.50; just above there is the 5min 20MA and the Open, both around 170.75 or thereabouts.

After dipping below VWAP a bit the past half hour, the above is still basically true. Hanging around. If/when this behemoth takes decisive action, it will move the overall markets.

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 1:02 pm
by Cobra

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 1:10 pm
by Daniel
Al_Dente wrote:REBALANCING ALERT


Indeed. TLT pure gap and go Uptrend Day, so far.

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 1:14 pm
by Daniel
Retail is obviously strong today, holiday weekend was full of Strong Sales news. But the homebuilders are also doing well so far.

XLF and KRE were market leaders at the Open, currently are laggards. KRE down 1%.

Re: 12/26/2017 Live Update

PostPosted: Tue Dec 26, 2017 1:15 pm
by Al_Dente
JUNK needs to catch up, and the sooner the better
The compression on the HYG daily bolingers are tighter than they’ve been all year, meaning a BIG move is coming.
Bulls hope it’s up, as right now junk is underperforming spy and iwm, so credit risk is still a danger (junk hasn’t made a new high since October).
1226hyg.png.png