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Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 1:07 pm
by Cobra

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 1:10 pm
by Cobra
maybe it's making triangle here which if true the bias still is up.

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 1:18 pm
by Al_Dente
Al_Dente wrote:AD strong bull
12ad.png.png

NY advancing stocks = 1.6 x declining stocks
NY advancing volume = 3.2 x declining volume
AD weakens, but bull volume (moving into fewer stocks) still very strong

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 1:46 pm
by Trades with cats
20171221_overnight_0.jpg
Interesting point of view


Looking like the trend could continue!

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 1:59 pm
by Trades with cats
NQ 03-18 (650 Tick) 2018_01_02.png
NASDAQ futures


Chart I should have been trading today! :(

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 2:05 pm
by Cobra
it is triangle, bias is up.

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 2:20 pm
by Al_Dente
VIX
LOD few minutes ago

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 2:30 pm
by Al_Dente
[old post, from Friday]
Here’s the persistent problem with all that FLOW information:
“… another even more vexing question that has stumped most traders: while the cumulative return of the S&P over the past three years… [since 2015], has been … 34%, equity flows over the same period have been consistently negative [includes mutual funds and ETFs].
https://www.zerohedge.com/news/2017-12- ... ant-answer

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 2:34 pm
by Trades with cats
Oil- Several things happening now from various media posts.
1. US producers are at record sales in the futures market (COT report) but who knows if Harold Hamm and Da Boyz see a top or their bankers are demanding it.
2. Rig count has slowed down. I say really? Don't we all want to work on a drill rig in 25 below 0 ? I have also read they are out of experienced people but I don't see this as a reversal in US production.
3. Scottish pipeline is fixed. Libyan pipeline is fixed. Blown up Iranian pipeline means a gas shortage in Terhain, not a reduction in exports.
4. Hedge funds are betting OPEC overshoots on the tightening. Kemp at Reuters saying today that the spread betting looks like a market that is tightening. I say but betting on price spreads is what Hedge Funds do and they are the dumb money in this market.

I just think the Saudi jawboning and hurricane shutdowns have pushed this about as far as it can go. Record holiday travel is helping the numbers for now but I don't see another boost at this time. Venezuela is about gone (ok, relatively speaking) and no other producers are blowing up at this point. So OPEC/NOPEC will have to willingly reduce production. Saudi's are the only ones with a reason (the IPO) but they are broke so we will see if this time they actually do something beyond their traditional seasonal slow down. Last time they called it a production cut but I don't think they can do that twice in a row. I admit when the Hedge Funds get excited they can drive the market for several months. So my bottom line is we "should" be at a seasonal top with fundamentals ready to crash the market once again but this plot has more twists than a Mexican soap opera!

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 3:01 pm
by Trades with cats
DSjr5DMWsAYheOS.jpg

NOKOs getting ready for another rocket test.
(thanks to Stock Board Assets for the image)

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 3:19 pm
by fehro
TRANSports ATH TLT at 50d SMA, AAPL at 20d sMA…. NX/COMPQ pushing for ATH… VIX near 20d.50d convergence, put/call near extreme with diverging adv/dec .. RUT weakening.. buckle up.. :lol: :lol: :roll: :roll:

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 3:22 pm
by Trades with cats
RTY 03-18 (400 Tick) 2018_01_02.png
Small Caps about to go down bouncing on the overnight high with volume increasing as the price bars turn red. (seconds per bar dropping, bottom window on chart)

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 3:28 pm
by fehro
be uber careful.. on these two.. :roll: " looks" ripe for a possible nasty reversal on a huge gap :roll:

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 3:29 pm
by Al_Dente
SMALLS INTRADAY have a chance to double bottom here, else they are faulked
1min
12tna.png.png

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 3:37 pm
by Al_Dente
Miners INTRADAY have a chance to breakout of this triple top (knock three times) and they had better do so.... pronto.
1min
12miners.png.png

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 3:51 pm
by te_fern
Levered smalls have struggled all day...

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 4:01 pm
by Al_Dente
HAPPY HOUR
Image

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 4:04 pm
by Al_Dente
Al_Dente wrote:
Al_Dente wrote:AD strong bull
12ad.png.png

NY advancing stocks = 1.6 x declining stocks
NY advancing volume = 3.2 x declining volume
AD weakens, but bull volume (moving into fewer stocks) still very strong

NY advancing stocks = 1.4 x declining stocks
NY advancing volume = 2.8 x declining volume

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 4:23 pm
by Cobra
testing day high, key time.

Re: 01/02/2018 Live Update

PostPosted: Tue Jan 02, 2018 4:31 pm
by trader24
Trades with cats wrote:Oil- Several things happening now from various media posts.
1. US producers are at record sales in the futures market (COT report) but who knows if Harold Hamm and Da Boyz see a top or their bankers are demanding it.
2. Rig count has slowed down. I say really? Don't we all want to work on a drill rig in 25 below 0 ? I have also read they are out of experienced people but I don't see this as a reversal in US production.
3. Scottish pipeline is fixed. Libyan pipeline is fixed. Blown up Iranian pipeline means a gas shortage in Terhain, not a reduction in exports.
4. Hedge funds are betting OPEC overshoots on the tightening. Kemp at Reuters saying today that the spread betting looks like a market that is tightening. I say but betting on price spreads is what Hedge Funds do and they are the dumb money in this market.

I just think the Saudi jawboning and hurricane shutdowns have pushed this about as far as it can go. Record holiday travel is helping the numbers for now but I don't see another boost at this time. Venezuela is about gone (ok, relatively speaking) and no other producers are blowing up at this point. So OPEC/NOPEC will have to willingly reduce production. Saudi's are the only ones with a reason (the IPO) but they are broke so we will see if this time they actually do something beyond their traditional seasonal slow down. Last time they called it a production cut but I don't think they can do that twice in a row. I admit when the Hedge Funds get excited they can drive the market for several months. So my bottom line is we "should" be at a seasonal top with fundamentals ready to crash the market once again but this plot has more twists than a Mexican soap opera!


Aren't the Swaps (banks) at some all time record shorts on the COT report?