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01/12/2018 Live Update

01/12/2018 Live Update

Postby Cobra » Fri Jan 12, 2018 10:22 am

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the pullback will be bought.
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Re: 01/12/2018 Live Update

Postby Cobra » Fri Jan 12, 2018 10:25 am


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Re: 01/12/2018 Live Update

Postby Al_Dente » Fri Jan 12, 2018 10:35 am

note FB
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Re: 01/12/2018 Live Update

Postby Trades with cats » Fri Jan 12, 2018 10:41 am

ES 03-18 (1100 Tick) 2018_01_12.png

Overnight action got us a strong up move on double the normal volume. Then the CPI and Retail stats came out at 8:30 NY time and the markets had a fit. Interest rates went straight up back to the China not buying fake news level of earlier in the week. Zero Hedge reported 2 years got to the level last seen when Leman went down.

Facebook face planting on a policy change. Wells Fargo showing the worst results for new mortgage loans in a year.

Don't know what it all means, just assuming we roll on as usual, looking for recapture of the overnight high and then on into the 2780 zone for today or Monday. :)
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Re: 01/12/2018 Live Update

Postby fehro » Fri Jan 12, 2018 10:44 am

2017 was one of the least volatile years for the S&P 500 Index in history.


With only eight 1% daily changes, not a single 3% pullback, and the lowest average CBOE Volatility Index (VIX) for a full year ever - 2017 will go down in tranquility history.


https://www.zerohedge.com/news/2018-01-12/buckle-low-vol-2017-means-bumpy-ride-ahead
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Re: 01/12/2018 Live Update

Postby fehro » Fri Jan 12, 2018 10:46 am

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Re: 01/12/2018 Live Update

Postby te_fern » Fri Jan 12, 2018 10:51 am

And we're off to the races first thing this morning....
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Re: 01/12/2018 Live Update

Postby Trades with cats » Fri Jan 12, 2018 10:54 am

Renko chart shows a 5 point run from VWAP to the overnight high. So should see another before the day is over.
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Re: 01/12/2018 Live Update

Postby te_fern » Fri Jan 12, 2018 10:59 am

Small Caps are having a nice run from out of the box....
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Re: 01/12/2018 Live Update

Postby te_fern » Fri Jan 12, 2018 11:01 am

Gold Miners having a nice bounce on inflation concerns....
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Re: 01/12/2018 Live Update

Postby Cobra » Fri Jan 12, 2018 11:01 am


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Re: 01/12/2018 Live Update

Postby te_fern » Fri Jan 12, 2018 11:03 am

SPX almost to resistance pivot 2, see if it can hold it....
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Re: 01/12/2018 Live Update

Postby Cobra » Fri Jan 12, 2018 11:06 am

this bull shall have legs.
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Re: 01/12/2018 Live Update

Postby te_fern » Fri Jan 12, 2018 11:10 am

First attempt at RP2 was repulsed...
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Re: 01/12/2018 Live Update

Postby JFR » Fri Jan 12, 2018 11:12 am

Overnight gap up on ES, NQ and YM.
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Re: 01/12/2018 Live Update

Postby JFR » Fri Jan 12, 2018 11:13 am

NYSE TICK is not running that high.
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Re: 01/12/2018 Live Update

Postby te_fern » Fri Jan 12, 2018 11:16 am

If you haven't read it, PL has a nice write up today on why the term 'overextended' doesn't mean anything if you're relating it to the stock market.

http://www.pretzelcharts.com/
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Re: 01/12/2018 Live Update

Postby te_fern » Fri Jan 12, 2018 11:18 am

Attempt 2 looks like its being pushed back....
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Re: 01/12/2018 Live Update

Postby Al_Dente » Fri Jan 12, 2018 11:20 am

AD is weaker today than yesterday
BUT NY bull volume = 2x bear volume

112ad.png.png
Last edited by Al_Dente on Fri Jan 12, 2018 11:23 am, edited 1 time in total.
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Re: 01/12/2018 Live Update

Postby fehro » Fri Jan 12, 2018 11:21 am

put/call 0.49 equites 0.60 .. extreme once again
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