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01/24/2018 Live Update

fehro
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Re: 01/24/2018 Live Update

Post by fehro »

te_fern wrote:I think some gov't official made a comment about supporting a weak dollar. The Gold Miners have really jumped this morning...
be very careful tomorrow morning.. ECB/Draghi prior to market open.. "could" move the dollar / gold HUGE.. fwiw .. hedge accordingly
te_fern
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Re: 01/24/2018 Live Update

Post by te_fern »

fehro wrote:
te_fern wrote:I think some gov't official made a comment about supporting a weak dollar. The Gold Miners have really jumped this morning...
be very careful tomorrow morning.. ECB/Draghi prior to market open.. "could" move the dollar / gold HUGE.. fwiw .. hedge accordingly
Thanks Fehro!! I had forgotten about Draghi in the morning...
This is not investment or trade advice.
Trades with cats
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Re: 01/24/2018 Live Update

Post by Trades with cats »

It was the foreclosure king and his designer handbag wife at Davos, and Wilbur Ross chimed in to re-inforce. They keep sinking the dollar the Fed's inflation target will be met with no trouble. :o
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Re: 01/24/2018 Live Update

Post by Trades with cats »

ES 03-18 (2 BetterRenko(17)) 2018_01_24.png
Navy is VWAP Cyan is Median, Green and yellow overlay on volume profile is volume deltas. Not sure if that is helpful. I post this to show the drop through range if bulls lose the overnight high of 2850.25
te_fern
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Re: 01/24/2018 Live Update

Post by te_fern »

Financials are strong today....
This is not investment or trade advice.
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Al_Dente
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Re: 01/24/2018 Live Update

Post by Al_Dente »

SPX target met
What’s next? I don’t know (wild guess: more long)
VIX options traders diverge
60min

OLD POST from 1/22
SPX, 60min
Target for that ascending triangle would be about 2849 (better double check that number)
http://thepatternsite.com/at.html
124spx 60.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 01/24/2018 Live Update

Post by te_fern »

Al_Dente wrote:SPX target met
What’s next? I don’t know (wild guess: more long)
VIX options traders diverge
60min

OLD POST from 1/22
SPX, 60min
Target for that ascending triangle would be about 2849 (better double check that number)
http://thepatternsite.com/at.html
124spx 60.png.png
Good call Boss!
This is not investment or trade advice.
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Al_Dente
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Re: 01/24/2018 Live Update

Post by Al_Dente »

These kinds of headlines happen every quarter just before AAPL eps (due feb 1).
[YESTERDAY, THIS JPM REPORT WAS BLAMED FOR AAPL’s DECLINE:]
"… JPM Warns Of Tumbling iPhone X Orders, Slashes Production Forecast By 50%”
“... high-end smartphones are clearly hitting a plateau this year.... now we believe the peak has arrived even earlier than our expectations."
https://www.zerohedge.com/news/2018-01- ... n-forecast
another point of view:
http://bgr.com/2018/01/23/iphone-x-vs-a ... ter-sales/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 01/24/2018 Live Update

Post by te_fern »

Can we push to new highs??
Attachments
SPX.PNG
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Trades with cats
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Re: 01/24/2018 Live Update

Post by Trades with cats »

Market is losing momentum. Done with the news for today. Davos is moving into cocktail hour. Tech has recovered (maybe all those negative Apple articles are Tim Cook sandbagging before earnings?)and now the small caps ready to go red on the day.
fehro
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Re: 01/24/2018 Live Update

Post by fehro »

worth checking out CRB, WEAT, CORN etc.. long term possible inflation plays… bond money needs to go somewhere :roll: … and with everyone and their dog getting bonuses.. from Disney to Banks.. possible match for inflation spark.. :lol: :lol: :roll:
fehro
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Re: 01/24/2018 Live Update

Post by fehro »

SPX 2850 ding ding - On this 16th day of trading in 2018, the S&P 500 has topped Goldman Sachs' estimate for where the index ends the year

https://www.zerohedge.com/news/2018-01- ... ading-days
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Al_Dente
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Re: 01/24/2018 Live Update

Post by Al_Dente »

Measured move on GDX is a bit higher (roughly $25 ish)
But it’s reacting to the dollar news (GDX likes the inverse dollar and the inverse-carry trade, so those are the ones to watch).
60m
124gdx 60.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
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Re: 01/24/2018 Live Update

Post by fehro »

fehro wrote:worth checking out CRB, WEAT, CORN etc.. long term possible inflation plays… bond money needs to go somewhere :roll: … and with everyone and their dog getting bonuses.. from Disney to Banks.. possible match for inflation spark.. :lol: :lol: :roll:
oh and oil's rise is adding the fuel…. :roll: :lol: :lol: :lol:
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Al_Dente
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Re: 01/24/2018 Live Update

Post by Al_Dente »

fehro wrote:......... … and with everyone and their dog getting bonuses.. from Disney to Banks.. possible match for inflation spark.. :lol: :lol: :roll:
I haven’t read any headline saying that a single company is going to use their tax windfall to pay down debt. Have you?
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 01/24/2018 Live Update

Post by Trades with cats »

IF we fail to recover here yesterday's peaks were at around ES2842.50 so that would be a good downside target. But this drop was 6.75 points so it needs a breather here at the Mid/VWAP.

Side note since charting the Midpoint along with VWAP they are usually within a point of each other but it seems (need to do a count) that the Mid is more powerful as a turning point.
fehro
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Re: 01/24/2018 Live Update

Post by fehro »

Al_Dente wrote:
fehro wrote:......... … and with everyone and their dog getting bonuses.. from Disney to Banks.. possible match for inflation spark.. :lol: :lol: :roll:
I haven’t read any headline saying that a single company is going to use their tax windfall to pay down debt. Have you?
:lol: :lol: no need.. the companies value to debt ratio keeps shrinking at ATHs :roll: :lol: :lol: the debt is shrinking ! :lol: :lol: :lol: :roll: :lol: :lol: :lol:
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Al_Dente
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Re: 01/24/2018 Live Update

Post by Al_Dente »

Yeowch :shock:
3x LABU drops from 110 to 104 intraday
Do little traders have a chance to get out during that drop? (serious question)
Just tooooo thin, no volume for trading....
Meanwhile XBI (the underlying for LABU), where all the volume is, dropped from 96 to 94 in the same intraday period
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 01/24/2018 Live Update

Post by te_fern »

fehro wrote:
Al_Dente wrote:
fehro wrote:......... … and with everyone and their dog getting bonuses.. from Disney to Banks.. possible match for inflation spark.. :lol: :lol: :roll:
I haven’t read any headline saying that a single company is going to use their tax windfall to pay down debt. Have you?
:lol: :lol: no need.. the companies value to debt ratio keeps shrinking at ATHs :roll: :lol: :lol: the debt is shrinking ! :lol: :lol: :lol: :roll: :lol: :lol: :lol:
Also notice that those are bonuses, not pay raises. Don't have to pay them out again next year.....
This is not investment or trade advice.
te_fern
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Re: 01/24/2018 Live Update

Post by te_fern »

Now its down to 102....
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LABU.PNG
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