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01/04/2018 Live Update

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Al_Dente
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Re: 01/04/2018 Live Update

Post by Al_Dente »

like so:
14xlf2.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 01/04/2018 Live Update

Post by Al_Dente »

te_fern wrote:
Al_Dente wrote:Three weed stocks have been quite volatile:
NUGS
GOHE
GBLX
Saw an article this morning where Sessions may go after the weed states....
:o
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 01/04/2018 Live Update

Post by Cobra »

this bull may have legs, but don't expect today to be like the previous 2 strong up days.
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te_fern
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Re: 01/04/2018 Live Update

Post by te_fern »

Not being very disciplined this morning with my process. Betting on this coming back some....
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Trades with cats
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Re: 01/04/2018 Live Update

Post by Trades with cats »

maxresdefault (12)_0.jpg
Weed Stocks- Sessions trying to sweep back the sea. Yea, lets lock these horrible people up!
Anyone familiar with the history of the criminalization of weed knows it was done with government propaganda movies appealing to racism and ridiculous medical opinions. Don't take my word for it, you watch Reefer Madness and make up your own mind. Same blue stocking crowd that favored Jim Crow and tried to outlaw rock and roll. :o
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Re: 01/04/2018 Live Update

Post by Trades with cats »

Tech back to opening level while small caps still sitting on yesterday's close. I am willing to bet I can find an article this weekend talking about institutional money put to work this week! Flip side is when that cash river dries up we will return to two way normal trading.
te_fern
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Re: 01/04/2018 Live Update

Post by te_fern »

Semi's starting to participate since the early morning pullback...
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Daniel
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Re: 01/04/2018 Live Update

Post by Daniel »

ATHs and 52wk highs everywhere... but, there are some pockets of weakness: homebuilders, retail, consumer, long treasuries, REITS...

Transports still grn, but hitting their LOD
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Re: 01/04/2018 Live Update

Post by Trades with cats »

ES 03-18 (2 BetterRenko(17)) 2018_01_04.png
Renko shows the two likely supports , POC and Median Price. Median held last two days.
Trades with cats
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Re: 01/04/2018 Live Update

Post by Trades with cats »

ES 03-18 (2 BetterRenko(17)) 2018_01_04 3 day.png
Median Price is the turquoise dash line. The deviation regions are based on that line.
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Al_Dente
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Re: 01/04/2018 Live Update

Post by Al_Dente »

NY advancing stocks = 1.53 x declining stocks
NY advancing volume = 1.48 x declining volume
Bulls better get going if they want to hold onto this triple-digit up day
Expect chop at this point in the AD
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 01/04/2018 Live Update

Post by Cobra »

the pullback will be bought
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Trades with cats
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Re: 01/04/2018 Live Update

Post by Trades with cats »

Two of 3 indicators on my chart are now sell (ADX still dropping, needs to stabilize), so I gotta agree bulls better recover. First guess is we drift into a mild sell off at the close then it pulls back on Friday. Real question is how much institutional money is being held back for a better price?
Daniel
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Re: 01/04/2018 Live Update

Post by Daniel »

Trades with cats wrote:Small caps not looking very bullish this morning
Of all the sectors I track intraday, IWM is the closest to a fresh LOD-- as RVX hits its HOD!

We may see a gap fill in IWM today.
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Re: 01/04/2018 Live Update

Post by Trades with cats »

Tech trying to break to the red again, small caps can't even fog a mirror anymore. :lol:
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Al_Dente
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Re: 01/04/2018 Live Update

Post by Al_Dente »

smalls intraday
knock three times
odds favor breakdown
at least to complete a "three push down"
rally here would give the bulls (false) hope
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
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Re: 01/04/2018 Live Update

Post by Daniel »

XLB, XLI each fresh 52wk high
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Al_Dente
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Re: 01/04/2018 Live Update

Post by Al_Dente »

Trades with cats wrote:Tech trying to break to the red again, small caps can't even fog a mirror anymore. :lol:
:lol: :lol: :lol: :lol:
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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JFR
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Re: 01/04/2018 Live Update

Post by JFR »

"To the moon, Alice."
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Daniel
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Re: 01/04/2018 Live Update

Post by Daniel »

USO fresh hod, also a 52wk high. XOP, XLE following to fresh HODs.
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