02/13/2018 Live Update

[Daniel]

Boss: what is RevShark? can u link please thanks

"The Reverend Shark" and Shark Investing have been around for ages. He navigated the dot.com bubble well, the 2000-2003 bear market volatility well, and I've kept his wisdom constantly in sight since then.

This is his twitterfeed: @RevShark. That links to everything else. I don't currently have a subscription or membership with his organization.

He hangs with Cramer and the Fast Money crowd, is a contributing author of periodic articles in their stream.

[JFR]

Another clean touch of the NQ gap fill line, now strong resistance. Market stuck in neutral. NQ bids and asks much, much quieter today. Schizo yesterday.

[Daniel]

Market stuck in neutral.

Quite so. By a number of metrics-- middle of daily range, flat from Open, flat from yest, and even proximity to daily VWAP and support/resistance lines.

[Daniel]

..And rvx keeps climbing. Now >23

[Daniel]

XLY:XLP (short-term) is approaching last Wed's high. (A rough measure of "risk on").

This ratio has totally reversed itself during the day.

[Cobra]

possible ascending triangle, bias is up.

[Daniel]

Market stuck in neutral.

Another example: TLT fell to about 118.50 near the close last Wed. Currently sits at that price, having fluctuated mildly around it during the interval.

This may perhaps be interpreted as "consolidation" after volatile selling...

[Daniel]

possible ascending triangle, bias is up.

RVX back under 23.

..GLTA, must be off to an appointment. Keep close watch on up/down volume, is more important than advance/decline just now. Big money is moving around.

[Al_Dente]

Boss: what is RevShark? can u link please thanks

"The Reverend Shark" and Shark Investing have been around for ages. He navigated the dot.com bubble well, the 2000-2003 bear market volatility well, and I've kept his wisdom constantly in sight since then.
This is his twitterfeed: @RevShark. That links to everything else. I don't currently have a subscription or membership with his organization.
He hangs with Cramer and the Fast Money crowd, is a contributing author of periodic articles in their stream.

thanks

[Al_Dente]

10 DAY TREND:
LONG (solid lines) or SHORT (dashed lines)
% performance, with a purple 20ma on 3x purple spy
10 days, 10 minute chart, ALL ARE LEVERAGED

[tim-follows]

10 DAY TREND:
LONG (solid lines) or SHORT (dashed lines)
% performance, with a purple 20ma on 3x purple spy
10 days, 10 minute chart, ALL ARE LEVERAGED

213long short.png.png

So Al, do those charts give any hint at who might cover a bit ahead of cpe release tomorrow?
Longs or shorts weak at these levels for swing traders?
thanks

[Al_Dente]

10 DAY TREND:
LONG (solid lines) or SHORT (dashed lines)
% performance, with a purple 20ma on 3x purple spy
10 days, 10 minute chart, ALL ARE LEVERAGED

So Al, do those charts give any hint at who might cover a bit ahead of cpe release tomorrow?
Longs or shorts weak at these levels for swing traders?
thanks

I don’t know yet. I’m using that 20ema purple line on the long/short chart i just posted as a guide (3x spy above that purple 20ma=bull, and the reverse, under=bear). Today the 20ma purple is flat, and we don’t usually get a CPI leak.
Here’s the expected CPI
https://www.screencast.com/t/tIMBHjmL
over/under CPI manana will quake the markets

[fehro]

Key time again.. /ES yellow.. stall and fail look to lower levels.. over it look to 2676?ish

take out Mon HOD .. got room

[JFR]

Liftoff ...

[fehro]

look to 50d SMA on NDX COMPQ QQQs 20d AAPL 167.77ish If yHODs go

[Cobra]

this bull shall have legs

[tim-follows]

russell PF, break above 14816-24 high volume area indicates move up near 14880/90

otherwise, still a range trade

[tim-follows]

SPys maybe another 3 push up this afternoon like yesterday afternoon?

[Cobra]

possible mm

[Cobra]

3 push up, usually could be another push which might make lower high though.