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03/08/2018 Live Update

Posted: Thu Mar 08, 2018 10:22 am
by Cobra
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this bull shall have legs.

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 10:26 am
by Cobra

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 10:49 am
by fehro
SPX just 2 points short of 50d :roll: seems weak… no gap over it and go.. other candles toppy.. if we stay flat ish today

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 10:59 am
by te_fern
Looks like the first pivot has held twice...

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 11:01 am
by Cobra
morning hourly filled black bar.

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 11:03 am
by Cobra

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 11:05 am
by Cobra
generally the pullback would be bought.

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 11:06 am
by Trades with cats
Just a reminder June ES contract add 5.0 to the March, NQ add 25.25, YM add 28.0 and the smalls, RTY add 4.1

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 11:15 am
by fehro
fehro wrote:SPX just 2 points short of 50d :roll: seems weak… no gap over it and go.. other candles toppy.. if we stay flat ish today
see the sneaky VIX move? .. super fast spike to 50d.. pretty hammer daily :roll: :lol:

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 11:23 am
by Trades with cats
Johnny 5.png
Nothing burger so far today. With the Trump meeting on tariffs this afternoon and jobs report tomorrow Johnny 5 and friends must be recharging their batteries this morning.

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 11:24 am
by te_fern
Getting a little bounce here, can we make a new high??

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 11:26 am
by te_fern
Smalls still pushing lower....

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 11:28 am
by fehro
Trades with cats wrote:
Johnny 5.png
Nothing burger so far today. With the Trump meeting on tariffs this afternoon and jobs report tomorrow Johnny 5 and friends must be recharging their batteries this morning.

and ready to do a backflip later…. :roll: https://www.youtube.com/watch?v=knoOXBLFQ-s

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 11:34 am
by fehro
fehro wrote:
fehro wrote:SPX just 2 points short of 50d :roll: seems weak… no gap over it and go.. other candles toppy.. if we stay flat ish today
see the sneaky VIX move? .. super fast spike to 50d.. pretty hammer daily :roll: :lol:
TLT nHOD again TLT >20d SMA and just over 20w SMA weekly 118.71…. TLT weekly is trying to hammer… 50w 122.62 50d 121.19 ..something to watch next week

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 11:41 am
by te_fern
Pushing south, going to be weak for the next little while....

Posted: Thu Mar 08, 2018 11:43 am
by MrMiyagi
NYMO hit +47 at the start of the day, now at +28 and red. The +40 and over mark is typically a signal for a breather, market can go sideways or down until the next wave brings equity surfers in.

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 12:09 pm
by te_fern
Keeps retracing to the VWAP line....

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 12:29 pm
by Cobra
no sharp pullback allowed until decisive new high, otherwise it'd be double top here. key time.

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 12:32 pm
by Trades with cats
Speaking of equity surfers- this is today in my time zone.
1000 Tick ES 6-18 Expiry
1000 Tick ES 6-18 Expiry

Here is good old Coolbizone calling out his trades on Twitter today. My time stamp is Rocky Mountain, better known as UTC 7 so adjust to Eastern, that is UTC 5 by adding 2 hours.

ES takes out 2734.50, high today is 2736.50. Heading towards 2755-2765-2815+ will have pullbacks of 6-12 points along the way, good opportunity to reenter after booking profits
6:19 AM - 8 Mar 2018
Sold ES longs from yesterday at 2712,25, +23.75. Will relong on a pullback.
6:23 AM - 8 Mar 2018
went relong at 2733, not much pullback
6:35 AM - 8 Mar 2018
added at 2727.50, Av. long at 2730.25. Will add one more time if lower.
7:12 AM - 8 Mar 2018
We has a 12.25 retrace to 2725 low as mentined above. added more Av. long now at 2727.25 x 32. Likley to get to 2742-2745 and another pullback TBD
8:08 AM - 8 Mar 2018

So if you don’t trade futures let me do the math for you. 32 contracts at $50 per point means $1,600 per point, so if it gets to 42 he will be up $23,600.

It is always interesting to watch a heavy hitter roll.

Re: 03/08/2018 Live Update

Posted: Thu Mar 08, 2018 12:54 pm
by Trades with cats
Bottom of the 60 minute OR being tested. If it fails yesterday's close low up next 5 points lower (ES 6-18 2727.25).
I am looking at a weak sell signal but it looks more like no buyers than a real pick up in sellers.