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01/12/2018 Live Update

Re: 01/12/2018 Live Update

Postby te_fern » Fri Jan 12, 2018 11:33 am

Pushed through RP2, but now we can see if it can hold.....
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Re: 01/12/2018 Live Update

Postby Al_Dente » Fri Jan 12, 2018 11:34 am

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Re: 01/12/2018 Live Update

Postby te_fern » Fri Jan 12, 2018 11:35 am

Energy sector is pulling back after a good opening....
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Re: 01/12/2018 Live Update

Postby te_fern » Fri Jan 12, 2018 11:37 am

Financials are struggling around their RP2.....
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Re: 01/12/2018 Live Update

Postby Cobra » Fri Jan 12, 2018 11:40 am


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Re: 01/12/2018 Live Update

Postby Trades with cats » Fri Jan 12, 2018 11:42 am

Pasta Boss that NY bull bear volume anomaly was a timing issue. Market action picked up dramatically with the CPI release and once the carnage was over the dip buyers rushed in to reverse the slide a half hour before the regular open. So by the time of the regular open we were already in an intense up move. We had a short rotation down at the open then ignited the next stage of the rocket. :D
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Re: 01/12/2018 Live Update

Postby Cobra » Fri Jan 12, 2018 11:42 am

only 1 case since 1996 when spy daily rsi(14) > 83.
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Re: 01/12/2018 Live Update

Postby Trades with cats » Fri Jan 12, 2018 11:44 am

Anybody got a higher target for today or is this pretty much it? 8-)
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Re: 01/12/2018 Live Update

Postby te_fern » Fri Jan 12, 2018 11:44 am

I guess 2800 is next?? Don't if its today or next week though....
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Re: 01/12/2018 Live Update

Postby te_fern » Fri Jan 12, 2018 11:45 am

Round numbers are easy! LOL!!
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Re: 01/12/2018 Live Update

Postby fehro » Fri Jan 12, 2018 11:45 am

fehro wrote:put/call 0.49 equites 0.60 .. extreme once again


VIX hot..
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Re: 01/12/2018 Live Update

Postby Al_Dente » Fri Jan 12, 2018 11:49 am

Trades with cats wrote:Pasta Boss that NY bull bear volume anomaly was a timing issue. Market action picked up dramatically with the CPI release and once the carnage was over the dip buyers rushed in to reverse the slide a half hour before the regular open. So by the time of the regular open we were already in an intense up move. We had a short rotation down at the open then ignited the next stage of the rocket. :D

Thanks boss :D but I don’t see it as an “anomaly” I see it as healthy buy volume in not so many issues = narrow rally
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Re: 01/12/2018 Live Update

Postby Al_Dente » Fri Jan 12, 2018 11:57 am

Once again VIX up SPY up
Options traders are hedging ?
Last time spy went down a smidge but u probably blinked and missed it
15min
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Re: 01/12/2018 Live Update

Postby Al_Dente » Fri Jan 12, 2018 12:09 pm

I’ve been watching every day to see who is hitting my most extreme reading which is 3-standard deviations above the 50ma (the top line of the red bolingers).
I’m posting these charts to show you that I DON’T SEE THE EXTREMES I’M LOOKING FOR YET, and that’s just astonishing to me :o

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Re: 01/12/2018 Live Update

Postby Trades with cats » Fri Jan 12, 2018 12:11 pm

Narrow ralley is scary after reading Dr Hussman's piece last week, especially with the unrest in the bond markets. He has come up with some metrics for market attitude because i think:
1. This rally has made his traditional valuation method that gave him top honors in two down markets worthless
2. Advances in Behavioral Finance ( The Undoing Project by Michael Lewis for us non-academics)

So Hussman is watching (I think ) market participation rates and junk to investment grade spreads for the turn in market attitude.
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Re: 01/12/2018 Live Update

Postby Cobra » Fri Jan 12, 2018 12:19 pm

pullback is too sharp for a strong opening like today but I'm still willing to believe it'd be bought again.
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Re: 01/12/2018 Live Update

Postby Trades with cats » Fri Jan 12, 2018 12:30 pm

Renko bars today 5 point move from near all time high down to VWAP.
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Re: 01/12/2018 Live Update

Postby Al_Dente » Fri Jan 12, 2018 12:34 pm

Day six BA above its daily bolinger (BA is the #1 weighted stock in the dow: 8.83% of the dow)
Below that is $DJSASD = DJ aerospace and defense index
Bottom panel is DFEN defense x3
WTF?

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Re: 01/12/2018 Live Update

Postby Cobra » Fri Jan 12, 2018 1:00 pm


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Re: 01/12/2018 Live Update

Postby te_fern » Fri Jan 12, 2018 1:01 pm

Big Board ticks seem to be rolling over. The Qs are still powering on....
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