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01/05/2018 Live Update

01/05/2018 Live Update

Postby Cobra » Fri Jan 05, 2018 10:21 am

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Re: 01/05/2018 Live Update

Postby Cobra » Fri Jan 05, 2018 10:25 am


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Re: 01/05/2018 Live Update

Postby Trades with cats » Fri Jan 05, 2018 10:34 am

THIS WILL BE in a future movie adaptation of an as yet unwritten book by Michael Lewis (thinking "The Big Short").
It is also my vote for the Pets.Com memorial tulip award. Be sure to read the last line of the article, it says it all!
https://www.zerohedge.com/news/2018-01-05/long-blockchain-sells-16-million-shares-will-buy-1000-bitcoin-mining-machines
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Re: 01/05/2018 Live Update

Postby Trades with cats » Fri Jan 05, 2018 10:38 am

Small short when we dropped out of the jobs report box. Probably a mistake but hoping we retest yesterdays ending midpoint VWAP area around the closing print.
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Re: 01/05/2018 Live Update

Postby Junior Buffett » Fri Jan 05, 2018 10:57 am

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Re: 01/05/2018 Live Update

Postby Trades with cats » Fri Jan 05, 2018 11:01 am

Junior Buffett wrote:More pumping...sky is the limit!


:lol: I gotta get some obscure references, you all are going to think I am stealing material from the other comedians playing the room!
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Re: 01/05/2018 Live Update

Postby Cobra » Fri Jan 05, 2018 11:05 am


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Re: 01/05/2018 Live Update

Postby Trades with cats » Fri Jan 05, 2018 11:13 am

the 10 AM econ reports didn't cause a ripple, maybe the Fed speakers later today. Expecting a quet Friday but this is supposed to be the active part!
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Re: 01/05/2018 Live Update

Postby Trades with cats » Fri Jan 05, 2018 11:17 am

A worthwhile tweet from Zerohedge

Fund flows:
- 2nd biggest equity outflows in 39 weeks: $3.9bn ETF redemptions & $0.7bn mutual fund redemptions

- 54th straight week of IG bond fund inflows
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Re: 01/05/2018 Live Update

Postby te_fern » Fri Jan 05, 2018 11:19 am

Looks like levered smalls are bouncing, though still in a range... I agree with TWC, no good direction this morning...
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Re: 01/05/2018 Live Update

Postby Daniel » Fri Jan 05, 2018 11:20 am

XLK hod! Tech still leads!

update: QQQ now hod as well
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Re: 01/05/2018 Live Update

Postby Trades with cats » Fri Jan 05, 2018 11:25 am

NQ 03-18 (650 Tick) 2018_01_05.png

Trying to break out
Daniel wrote:XLK hod! Tech still leads!

update: QQQ now hod as well
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Re: 01/05/2018 Live Update

Postby te_fern » Fri Jan 05, 2018 11:29 am

Trying something on the short side...
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Re: 01/05/2018 Live Update

Postby Daniel » Fri Jan 05, 2018 11:29 am

Story of the day so far, is how IWM got stronger off early weakness while XLI/IYT got weaker after being atop the early RS leaderboard. Perhaps a rotation back to the smaller companies, which are seasonally strong on average in January?
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Re: 01/05/2018 Live Update

Postby Trades with cats » Fri Jan 05, 2018 11:32 am

ES box between opening print and yesterday's high. Maybe we wait an hour for Frankfurt/London to go home and then move outside the box?
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Re: 01/05/2018 Live Update

Postby Trades with cats » Fri Jan 05, 2018 11:38 am

Moad (FuturesTrader 71) keeps banging the drum that on days like this where you aren't making money (speaking just for myself of course) you need to do something to improve your trading skills so it is a positive day. Out here in the intermountain west we get a strong culture influence from Salt Lake City where the Covey Day Timer people would say "sharpen the saw".

Northman Trading posted recently that the RSI 30 level on a 15 minute chart is now the signal that declines have gone far enough. He said the time frame has been shrinking all year (used to be the 2 hour). Take a look for yourself it works like a charm. Problem is he didn't talk about a matching sell signal!
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Re: 01/05/2018 Live Update

Postby Trades with cats » Fri Jan 05, 2018 11:43 am

ES 03-18 (15 Minute) 2018_01_05.png

15 minute EXTENDED hours.
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Re: 01/05/2018 Live Update

Postby Al_Dente » Fri Jan 05, 2018 11:46 am

rotation
15rotation.png
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Re: 01/05/2018 Live Update

Postby Al_Dente » Fri Jan 05, 2018 11:51 am

McClellan
"Gold in Euros Not Confirming"
https://www.mcoscillator.com/learning_c ... onfirming/
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Re: 01/05/2018 Live Update

Postby te_fern » Fri Jan 05, 2018 11:56 am

Trade with Cats said --- Northman Trading posted recently that the RSI 30 level on a 15 minute chart is now the signal that declines have gone far enough. He said the time frame has been shrinking all year (used to be the 2 hour). Take a look for yourself it works like a charm. Problem is he didn't talk about a matching sell signal![/quote]

Something like this TWC? Can see on Dec 29 where it got there and it was a bottom....
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