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01/05/2018 Live Update

Re: 01/05/2018 Live Update

Postby Trades with cats » Fri Jan 05, 2018 11:59 am

Yes that is what he is talking about.
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Re: 01/05/2018 Live Update

Postby te_fern » Fri Jan 05, 2018 12:01 pm

TICK still above their MA lines.....
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Re: 01/05/2018 Live Update

Postby te_fern » Fri Jan 05, 2018 12:10 pm

Need a break of the blue line....
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Re: 01/05/2018 Live Update

Postby Trades with cats » Fri Jan 05, 2018 12:19 pm

Frankfurt/London trying to close at the days high which was just before Payrolls report came out, within a handle with 12 minutes to go.
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Re: 01/05/2018 Live Update

Postby Daniel » Fri Jan 05, 2018 12:20 pm

More ATHs! SPY, QQQ
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Re: 01/05/2018 Live Update

Postby Cobra » Fri Jan 05, 2018 12:22 pm

this bull shall have legs.
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Re: 01/05/2018 Live Update

Postby Trades with cats » Fri Jan 05, 2018 12:23 pm

Ding Ding Ding
Now will it hold?
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Re: 01/05/2018 Live Update

Postby te_fern » Fri Jan 05, 2018 12:44 pm

Interesting that VIX is climbing...
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Re: 01/05/2018 Live Update

Postby Al_Dente » Fri Jan 05, 2018 12:54 pm

Check this table of “jobs added”
Black is December
Check retail at the bottom, ouch, and that was holiday season :o
https://www.zerohedge.com/sites/default ... 0where.jpg
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Re: 01/05/2018 Live Update

Postby Cobra » Fri Jan 05, 2018 1:05 pm


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Re: 01/05/2018 Live Update

Postby Trades with cats » Fri Jan 05, 2018 1:46 pm

Small caps threatening to go below yesterday's low. ES can't hold the overnight high. Tech looking good at new highs above overnight and opening range. Bonds are flat, energy red and bitcoin is over 16,000. A mixed bag.
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Re: 01/05/2018 Live Update

Postby Al_Dente » Fri Jan 05, 2018 2:05 pm

Handful of JUICE 2 day %
I only keep 2x oil (pink) in there because if oil is up, spy likes that.
Smalls can barely hold the 2 day red line, but look at XIV (lime), it can’t either, which means that VIX options traders are not nearly as bullish-spy as spy is.
Best are semis and tech (gray and black).
2 days INTRADAY changes quickly
1_5two day.png.png

[edit: corrected typos]
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Re: 01/05/2018 Live Update

Postby Cobra » Fri Jan 05, 2018 2:15 pm

the pullback might still likely be bought.
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Re: 01/05/2018 Live Update

Postby Al_Dente » Fri Jan 05, 2018 2:23 pm

There’s a great line at the end of “Molly’s Game,” the new movie loosely based on the life of Molly Blum, an Olympics-class skier who nearly broke her back in a fall, and went on to become the host of the largest poker game in the United States, until she was busted in a midnight raid by 17 FBI agents.
She refused to give up the names of all her players (which was the only thing the FBI wanted), and hence pleaded guilty in a lower Manhattan court. The judge’s determination was priceless: (paraphrasing:)
“” In 10 years the defendant did less than the traders on Wall Street do before lunch, and I know that because we’re in spitting distance of Wall Street, and I’ve spit down there many many times.””
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Re: 01/05/2018 Live Update

Postby K447 » Fri Jan 05, 2018 2:40 pm

Cobra wrote:... might still likely ...

Not sure how to parse that :|
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Re: 01/05/2018 Live Update

Postby JFR » Fri Jan 05, 2018 2:42 pm

Anybody else have an account with Interactive Brokers? They are having technical difficulties today.
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Re: 01/05/2018 Live Update

Postby Al_Dente » Fri Jan 05, 2018 2:43 pm

TNA is vulnerable to a squeeze here, if the shorts keep covering, but they may go for a third push down… not sure… they all see that MINI higher low ...
15tna one.png.png
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Re: 01/05/2018 Live Update

Postby te_fern » Fri Jan 05, 2018 3:03 pm

Got my line break, now if we can push through resistance pivot 1.....
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Re: 01/05/2018 Live Update

Postby Trades with cats » Fri Jan 05, 2018 3:22 pm

ES working on a triple top. If it holds then it is written across the sky in fire for everybody. But the wave counters are calling for only 25 to 30 points before resuming the march to new highs (Coolbizone) or and extended fifth that could go quite a bit higher before we complete a pattern at the fractal level (Pretzel Logic).

Dr. Hussman (Hussman Funds) who's stuff I skim because he writes like what he is a PhD Econ Prof (at least as Nassim Taleb would say," He has skin in the game") has a longish weekend reading piece out that is a must read. He shows with charts how consumer sentiment polling ties in with long term market results, some real insight into how emotions make the market go higher or lower than it should based on long term value concepts. He admits on a regular basis how his funds got collbered in the early part of this recovery because he didn't take behavioral economics into consideration. He has fixed that and he shows us how.

I think he has a real chance of being the king of long term investing 20 years from now.
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Re: 01/05/2018 Live Update

Postby Cobra » Fri Jan 05, 2018 3:23 pm

bias is up.
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