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Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 11:09 am
by JFR
Some stocks are trying to hold the fort. SPY is giving it up. And the weekend looms ... LOL

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 11:14 am
by Trades with cats
Two FOMC speakers before the close. Kaplan at 1:30 and more importantly a hawk, Williams at 3:30. He could ignite an afterburner on the dollar move, or not.

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 11:20 am
by Trades with cats
fun fact from twitter feed- looks like Ethereum has something special going on.
Drawdown from All Time Highs

Ripple: -74%
Bitcoin Cash: -69%
Cardano: -67%
Litecoin: -60%
Bitcoin: -53%
Stellar: -50%
EOS: -44%
NEO: -33%
Ethereum: -23%

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 11:22 am
by fehro
This shouldn't be a surprise… there were hints for the last 3 weeks from VIX .. both up trending

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 11:31 am
by Al_Dente
NY declining stocks = 8.02 x advancing stocks
NY declining volume = 5.81 x advancing volume


2/1 NYSE new lows 131
1/31 NYSE new lows 114
1/30/ NYSE new lows 251
1/29 NYSE new lows 204, was the warning signal

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 11:40 am
by Trades with cats
Climbed back to S2 pivot, next goal yesterday's trading range.

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 12:35 pm
by Trades with cats
Gin and Tonic time in London, Pilsner time in Frankfurt. Yesterday it unleashed the big 10 point or so up move that failed later in the day. We are sitting just barely inside the 1 sigma level of todays range (bottom of 70% zone is ES2793 with my software) waiting for a move. I must say it is a tight little range with VWAP pretty much in the middle,

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 12:45 pm
by Trades with cats
Waiting for a re-test of the day's low. If they can't break it then why not move up to yesterday's range. :)

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 1:04 pm
by Cobra

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 1:06 pm
by Cobra
breakdown usually is the time for reversal, key time. fingers crossed.

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 1:07 pm
by Trades with cats
Coolbizone went long ES 2787.50 for a swing trade. Say's may go a few points lower but he thinks the correction is done.

The guy trades 20 contracts at a wack and has been consistent in his methods for years, as well as occasionally posting his account showing trades. And he has yet to put any sort of pay to see service together.

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 1:08 pm
by Al_Dente
We haven’t seen such AD reds since early august
Around that time the AD was kind enough to give us a higher low for divergence/direction
That doesn’t mean it will/should do the same this time…. but it would be nice…. not yet
This is daily
22ad day.png.png

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 1:09 pm
by Trades with cats
This morning Coolbizone responded to those who ask why he changes his targets . He says this is what he uses.
https://en.wikipedia.org/wiki/Bayesian_inference

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 1:11 pm
by Trades with cats
Two 98% daily probabilities fulfilled. Overnight range and one hour opening range both broken.

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 1:17 pm
by Al_Dente
Trades with cats wrote:This morning Coolbizone responded to those who ask why he changes his targets . He says this is what he uses.
https://en.wikipedia.org/wiki/Bayesian_inference
thanks boss :D

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 1:21 pm
by Cobra
as usual, breakdown means reversal, now let's see if bulls can exceed the tinted area, if they can, then bears might be over for today.

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 1:28 pm
by fehro
weak bounce here.. worse case look to 2763 SPX

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 1:29 pm
by Trades with cats
At POC almost to VWAP and the overnight low.

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 1:31 pm
by fehro
fehro wrote:weak bounce here.. worse case look to 2763 SPX

20d/50d.. TLT bonds.. look horrible.. trying to bounce here.. VIX still very strong

Re: 02/02/2018 Live Update

Posted: Fri Feb 02, 2018 1:37 pm
by Al_Dente
Al_Dente wrote:NY declining stocks = 8.02 x advancing stocks
NY declining volume = 5.81 x advancing volume
.......
NY declining stocks = 5.8 x advancing stocks
NY declining volume = 5.0 x advancing volume