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02/07/2018 Live Update

Re: 02/07/2018 Live Update

Postby fehro » Wed Feb 07, 2018 12:17 pm

fehro wrote:come to papa… 50d 2720ish .. almost there.. 5 points look for a stall SPX


ding ding
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Re: 02/07/2018 Live Update

Postby Trades with cats » Wed Feb 07, 2018 12:19 pm

Aw nuts I had the time wrong on Evans speech, it just hit the wires. He is predicting full employment plus by 2020.
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Re: 02/07/2018 Live Update

Postby Al_Dente » Wed Feb 07, 2018 12:26 pm

i am seeing BIG bid/ask spreads (bigger than usual) on leveraged ETFs like TNA
and stockcharts quotes are lagging a bit
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Re: 02/07/2018 Live Update

Postby Cobra » Wed Feb 07, 2018 12:34 pm

1st test of ema20 in a long time so might be some buyers around here.
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Re: 02/07/2018 Live Update

Postby fehro » Wed Feb 07, 2018 12:38 pm

fehro wrote:
fehro wrote:come to papa… 50d 2720ish .. almost there.. 5 points look for a stall SPX


ding ding



nibble short.. worse case.. SPX 200d by the weekend.. as debt "talks" dominate … SPX 200d 2533
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Re: 02/07/2018 Live Update

Postby Trades with cats » Wed Feb 07, 2018 12:45 pm

Bam! There it is, the Powell Fed's put. Evans said balance runoff can be changed if necessary. That is a long way from Laurel Brainard last fall saying it was on autopilot.
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Re: 02/07/2018 Live Update

Postby fehro » Wed Feb 07, 2018 12:49 pm

U.S. crude output hits a record high of 10.25 million bpd, surpassing both the monthly high set in Nov 1970, and Saudi Arabia's latest production.

https://www.zerohedge.com/news/2018-02-07/wtirbob-sink-after-us-crude-production-explodes-record-high

/CL weekly long long term … 60.50 goes on the weekly grey line horiz start to look for $48-45 by summer .. "IF" DXY dollar keeps pushing up.. look to next month's Italian Elections, and any trouble with Merkel's German gov't .. the USdollar will explode up
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Re: 02/07/2018 Live Update

Postby Al_Dente » Wed Feb 07, 2018 12:58 pm

Trades with cats wrote:Bam! There it is, the Powell Fed's put. Evans said balance runoff can be changed if necessary....

YESTERDAY:
HERE’S MORE ON THE FED UNWIND (and the definitions of “roll over” and “roll off”)
Of the $27 billion in Treasuries that matured Monday, the Fed “rolled over” $16 billion (replaced them by reinvesting the proceeds) and allowed $11 billion to “roll off” (got paid for them and did not reinvest in other treasurys).
https://www.zerohedge.com/news/2018-02- ... es-sharply
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Re: 02/07/2018 Live Update

Postby brokebybernacke2 » Wed Feb 07, 2018 1:00 pm

bearish butterfly...another caution spot.
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Re: 02/07/2018 Live Update

Postby Al_Dente » Wed Feb 07, 2018 1:05 pm

Al_Dente wrote:NY advancing stocks = 2.4 x declining stocks
NY advancing volume = 3.0 x declining volume

NY advancing stocks = 2.1 x declining stocks
NY advancing volume = 1.8 x declining volume
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Re: 02/07/2018 Live Update

Postby Cobra » Wed Feb 07, 2018 1:09 pm


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Re: 02/07/2018 Live Update

Postby trader24 » Wed Feb 07, 2018 1:19 pm

Cobra - Do you believe there needs to be OML to fulfill the structure?
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Re: 02/07/2018 Live Update

Postby Al_Dente » Wed Feb 07, 2018 1:42 pm

Moments ago S&P (the rating agency) downgraded WFC, the largest US mortgage lender from A to A-, due to "Prolonged Regulatory And Governance Issues" with a Stable Outlook.
[Are they up to their old tricks? Downgrading way after the fact?]
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Re: 02/07/2018 Live Update

Postby Al_Dente » Wed Feb 07, 2018 1:48 pm

...............
Last edited by Al_Dente on Wed Feb 07, 2018 1:56 pm, edited 1 time in total.
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Re: 02/07/2018 Live Update

Postby brokebybernacke2 » Wed Feb 07, 2018 1:51 pm

brokebybernacke2 wrote:bearish butterfly...another caution spot.


bear patterns are working of late:) hmmm

like to see retest of highs today , and failure there again could give bigger bears hope...
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Re: 02/07/2018 Live Update

Postby Trades with cats » Wed Feb 07, 2018 2:09 pm

Upside range expansion is over for now, back inside both yesterday and last nights trading range.
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Re: 02/07/2018 Live Update

Postby Al_Dente » Wed Feb 07, 2018 2:10 pm

BofA is calling the collapse in short-volatility positioning: “A Minsky Moment”
https://en.wikipedia.org/wiki/Minsky_moment

I call it one cockroach
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Re: 02/07/2018 Live Update

Postby Trades with cats » Wed Feb 07, 2018 2:15 pm

Bank stocks should be in trouble here. Wells with the regulators and a second reason for them is fee income. As the largest mortgage loan originator they are bound to be hurting as Powell's Fed continues to destroy affordability by moving rates up. Assuming everybody saw that Deutsche Bank is a big concern because 10% of their stock is owned by the Chinese conglomerate that will be the largest bankruptcy in that countries history (if Xi Jinping does what he promised on reform).
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Re: 02/07/2018 Live Update

Postby Al_Dente » Wed Feb 07, 2018 2:24 pm

To "1der"
THANKS :D
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Re: 02/07/2018 Live Update

Postby Trades with cats » Wed Feb 07, 2018 2:26 pm

Doesn't want to trade inside yesterday's range, so far.
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