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03/05/2018 Live Update

Re: 03/05/2018 Live Update

Postby fehro » Mon Mar 05, 2018 3:17 pm

fehro wrote:nibble short here 2712 SPX based on oil rally, 60m ES bear flag, /CL stalls at 50d… and dollar pushing :roll: … if not that 50d SPX will get tagged.. but 20d needs to hold on a pullback


20d 2695ish and 20w 2680.. need to hold on the downside.. if not look to oLOD on /ES =2665 SPX
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Re: 03/05/2018 Live Update

Postby Daniel » Mon Mar 05, 2018 3:40 pm

Shaishen wrote:trade war effect... Maybe some market participants read the trade war as NAFTA confined, not the whole world?

Bloomberg Radio reported, earlier, a White House statement that added an "unless" to the proposed steel/alum tariffs, concerning NAFTA partners Mexico and Canada.

These tariffs would affect those countries, UNLESS they renegotiate the NAFTA treaty. That is very different from a flat statement.

Can't confirm this, but if true that would represent a serious "walkback" of the prior U.S. position, and would be a cause of market joy.
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Re: 03/05/2018 Live Update

Postby Cobra » Mon Mar 05, 2018 3:44 pm

bull flag breakout, looks not bad.
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Re: 03/05/2018 Live Update

Postby Daniel » Mon Mar 05, 2018 3:46 pm

SPY, XLI, DIA hod! Other majors almost, but not yet..
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Re: 03/05/2018 Live Update

Postby Trades with cats » Mon Mar 05, 2018 3:50 pm

I am looking at a double bottom at 12:26 and 2:20 with a high between them at 1:15 at ES 2721. So I am waiting to see if I get a double top, or a bullish move on up. Either way this thing has fallen asleep. :)
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Re: 03/05/2018 Live Update

Postby Shaishen » Mon Mar 05, 2018 3:52 pm

Amazing how it plays out over and over again - looks so easy in hindsight
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Re: 03/05/2018 Live Update

Postby Daniel » Mon Mar 05, 2018 3:54 pm

Trades with cats wrote:I am looking at a double bottom at 12:26 and 2:20 with a high between them at 1:15 at ES 2721. So I am waiting to see if I get a double top, or a bullish move on up. Either way this thing has fallen asleep. :)

Bulls need QQQ, IWM, MDY, XLF etal to push thru to new HODs here, or we may be seeing the terminus of this second strong upthrust (Fri aft being the first).
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Re: 03/05/2018 Live Update

Postby Al_Dente » Mon Mar 05, 2018 3:59 pm

yes, i think the markets see it as "pending" TRADE WARS
as in: wait-and-see
(too obvious?)
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Re: 03/05/2018 Live Update

Postby Trades with cats » Mon Mar 05, 2018 4:00 pm

NorthmanTrader.com posted on Feb 27th another way to look at the year to date tech rally (using Stockcharts charts). If you liked a small group of stocks moving the index up last year then you should really like the way it is an even smaller group with negative divergences.

I admit I do not "get'" Tesla and Netflix and I am not talking about their product. Why does Netflix take off when they say yes we have to borrow 5 billion a year in a rising rate environment to keep the product pipeline going. After watching America On Line blow up I just get a cold shudder when ever anyone starts talking about eyeballs when it isn't clear where they turn into massive profits. I hope I am wrong this time, but I doubt it.
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Re: 03/05/2018 Live Update

Postby Trades with cats » Mon Mar 05, 2018 4:01 pm

Creeping up on Thursday's spike high.
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Re: 03/05/2018 Live Update

Postby Al_Dente » Mon Mar 05, 2018 4:03 pm

HAPPY HOUR
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Re: 03/05/2018 Live Update

Postby Al_Dente » Mon Mar 05, 2018 4:08 pm

Random TRADE WARS charts
FWIW

35trade war.png
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Re: 03/05/2018 Live Update

Postby Trades with cats » Mon Mar 05, 2018 4:20 pm

This last up move has been so quiet I didn't get a single buy signal from my oscillator ( it generates about 30 signals a day).
So far it is still short of that spike high.
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Re: 03/05/2018 Live Update

Postby Cobra » Mon Mar 05, 2018 4:25 pm


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Re: 03/05/2018 Live Update

Postby Al_Dente » Mon Mar 05, 2018 4:32 pm

Trades with cats wrote:This last up move has been so quiet I didn't get a single buy signal from my oscillator ( it generates about 30 signals a day).
So far it is still short of that spike high.

Oy, I can barely handle six signals, using TSI [bottom panel] for momentum on 2minutes, smalls, intraday
35tsi one.png.png
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Re: 03/05/2018 Live Update

Postby Cobra » Mon Mar 05, 2018 4:45 pm


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Re: 03/05/2018 Live Update

Postby Trades with cats » Mon Mar 05, 2018 4:45 pm

ES 03-18 (1500 Tick) 2018_03_05.png
1500 Tick ES

Most of those signals are filtered out. Those four sells went nowhere. The gold ADX line in the second box was falling and the blue +DI never got below 15. The third box is the DI system but with each part shown as Rate Of Change.

Anyway, as noisy as that oscillator is I was surprised to see no buy signals on this leg, especially since the DI system had a clear signal around ES 2719 with a rising ADX, rising +DI and the -DI dropping below 15.

Of course the big signal will be taking out Thursday's spike high, if it happens! :)
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Re: 03/05/2018 Live Update

Postby Cobra » Mon Mar 05, 2018 4:46 pm

well, guess that's it for today. Tuesday tomorrow has been mixed. thank you guys, I'll see you tomorrow.

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Re: 03/05/2018 Live Update

Postby Trades with cats » Mon Mar 05, 2018 5:04 pm

Ha, that is a double top to close the day, pausing the bounce between a 50 % and a 61.8% retracement of the drop. Overnight action will be very interesting, looking for a gap open for sure, just clueless about the direction! :lol:
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