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01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 10:25 am
by Cobra
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testing support which might not hold as it's been tested many times already. however, I see lots of cases, ES simply broke the support then rebound sharply (head fake) so beware.

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 10:29 am
by fehro
"h" pattern on /ES 30m … calls for another -40-46 points.. fwiw.. "h" pattern inverted "j" hook.. fwiw target is 2790ish

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 10:33 am
by JFR
Overnight gap down on YM, ES and NQ.

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 10:36 am
by JFR
AXP doing well.

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 10:37 am
by fehro
SPX 60m.. "island" top? gapped the gap… or H&S

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 10:39 am
by fehro
RUT nears 20d SMA, TRANS <20d

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 10:39 am
by JFR
XL, AXE and BC doing well.

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 10:43 am
by Trades with cats
Overnight volume was 3x normal. It was Hong Kong that pulled the panic button.Then things stabilized.

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 10:43 am
by JFR
MCD not doing well. Donald's favourite. That is a culinary comment, rather than political. LOL

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 10:57 am
by fehro
fwiw - : VIX bullish falling wedge weekly measure move is 27.50 ... another 100% higher

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 10:58 am
by Al_Dente
Yesterday:
NY NEW HIGHS 236
NY NEW LOWS 204

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 10:59 am
by JFR
We have some headwinds. It is a question of when, not if, the market will correct, or worse. Step lively, as they say.

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 10:59 am
by brokebybernacke2
fehro wrote:fwiw - : VIX bullish falling wedge weekly measure move is 27.50 ... another 100% higher


yup, best stop knocking on this support level soon, or Trump need change a few things in his speech...

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 11:01 am
by JFR
Dragging along the bottom.

Back later ...

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 11:02 am
by Al_Dente
NY declining stocks = 5.1 x advancing stocks
NY declining volume = 6.4 x advancing volume

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 11:02 am
by Trades with cats
Citi, Morgan, Merrill (B of A now) Goldman and lots of independents all saying too bullish time for a pullback, buy cheep puts market will be lower three months from now.

When was the last time we heard consensus on lower from the major trading houses?

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 11:06 am
by Cobra

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 11:19 am
by Al_Dente
By itself, UNH is responsible for about -89 points of the dow’s decline so far today
Biggest news other than YIELD is the planned healthcare venture with Bezos, Buffett and JPM

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 11:44 am
by Daniel
GLD, SLV lod

Re: 01/30/2018 Live Update

PostPosted: Tue Jan 30, 2018 11:56 am
by Al_Dente
Yesterday:
How high can 10yr bond yields ($TNX) go before they start to hurt equities?
GS: 2.75%
JPM: 2.75%
Jeff Gundlach: 2.63%
SocGen: "we are already there"

$TNX on open this morning hit 27.26 HOD (2.72% yield)