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03/15/2018 Live Update

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Al_Dente
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Re: 03/15/2018 Live Update

Post by Al_Dente »

Trades with cats wrote:
Al_Dente wrote:CURIOUS:
The dow $INDU is still below its 50-day-moving average
Most everyone else is above
Pretzel Charts monologue this morning on DOW hasn't gotten above February highs while the S&P has and the NAS is all time high. He says lack of liquidity. Says it is very meaningful since the DOW has been leading the S&P for most of this 9 year move. B of A Merrill said yesterday January and February were double the old record for buybacks and according to some they are 70% of the net new money over the last several years.

I am reading Jess Livermoores lightly fictionalized biography. A 100 years ago he was talking about how most people fail to turn paper profits into deposits into their bank account. My hunch is some of the big operators are following his advice. We saw that again yesterday. Up move stalled on Monday followed by two days of selling that let many get out well above the recent lows. Also the quarter end is coming and who knows what the pension funds will be forced to do by the changes in the bond market.
thanks boss :D
OFF TOPIC:
Yesterday, MORE ON BUYBACKS:
BofA: "This Was One Of The Largest Weekly Buybacks In Our Data History," led by Banks and Financials buying back their stock last week."
Last night:
Senate just passed a bill that would ease constraints on regional and community banks. POTUS said he would sign it.
Now it goes to the house
(note KRE made a new high Monday)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 03/15/2018 Live Update

Post by te_fern »

My interest now. Been a strong sector lately.....
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Al_Dente
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Re: 03/15/2018 Live Update

Post by Al_Dente »

McClellan’s latest:
“…bond prices got oversold…”
The takeaway: “… even if there is a retest of the price low, we still can expect higher T-Bond and high grade corporate bond prices in the weeks and months ahead. And that will frustrate the legions of analysts expecting higher inflation and higher interest rates."
https://www.mcoscillator.com/learning_c ... _oversold/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 03/15/2018 Live Update

Post by te_fern »

VIX is in a freefall today.....
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Trades with cats
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Re: 03/15/2018 Live Update

Post by Trades with cats »

That banking bill was carefully crafted. Chatter is that any change by the house will blow it up in the Senate, so no certainty of passage yet.
Trades with cats
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Re: 03/15/2018 Live Update

Post by Trades with cats »

If buyers have taken charge two targets on the way up would be ES 2766 and ES 2755 for the day's high.
Daniel
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Re: 03/15/2018 Live Update

Post by Daniel »

AAPL back over 180. XLK up over 0.5%, semis a bit under 0.5%...

KRE mounting a strong comeback from earlier weakness this AM.
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Re: 03/15/2018 Live Update

Post by Trades with cats »

Sorry typo 2775 not 2755
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Al_Dente
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Re: 03/15/2018 Live Update

Post by Al_Dente »

Recall that KRE is a good friend of IWM, and it’s having a hard time holding that breakout/high
At the moment KRE looks like a trap on the daily
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 03/15/2018 Live Update

Post by Cobra »

key time, if the pullback is bought then bears are over as it's not a range obviously.
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brokebybernacke2
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Re: 03/15/2018 Live Update

Post by brokebybernacke2 »

bulls need to break away from this 2760 zone, today, or down...

another note , Villanova to win the Madness. Its a Philly year, post Eagles, Flyers making a run at the Cup (and yes, Phillies will make wild card too).
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Cobra
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Re: 03/15/2018 Live Update

Post by Cobra »

so we're in range, bears vs bulls 50 to 50.
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Al_Dente
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Re: 03/15/2018 Live Update

Post by Al_Dente »

SPX
Two day BOX
u know the drill
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 03/15/2018 Live Update

Post by Cobra »


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Trades with cats
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Re: 03/15/2018 Live Update

Post by Trades with cats »

That drop ended with a three point impulsive looking dagger. Could be short term selling exhaustion, especially if we climb right back above VWAP.
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MrMiyagi
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Post by MrMiyagi »

Sharp downturn in XLE/XOP and energy names, SPX is full of that stuff.

"The Federal Energy Regulatory Commission (FERC) today responded to a federal court remand by stating it no longer will allow master limited partnership (MLP) interstate natural gas and oil pipelines to recover an income tax allowance in cost of service rates - Federal Energy Regulation Commission"
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Al_Dente
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Re: 03/15/2018 Live Update

Post by Al_Dente »

TNX is currently SWINGing down, but here’s an interesting note on BUYBACKS for the next upSWING in rates:
“While buybacks currently show no signs of slowing, the recent increase in interest rates may make buybacks more difficult to conduct as debt has been a main source of funds for buybacks. Furthermore, higher interest rates may cause the credit rating agencies to downgrade companies who have accumulated large debt loads which would add to the cost of issuing debt and make buybacks more challenging. While this pillar of the bull market is still standing tall, it is worth following.”
[Michael Lebowitz, Real Investment Advice]
TNX 15min
315tnx.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re:

Post by Al_Dente »

MrMiyagi wrote:Sharp downturn in XLE/XOP and energy names, SPX is full of that stuff.................
Can you prove that boss :?:
thanks :D
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 03/15/2018 Live Update

Post by Al_Dente »

NOT YET, ALMOST
SMALLS are gunning for a LOD intraday
if it knocks-three-times it may get a LOD
shy of LOD (higher low) would be a bit bullish...........
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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MrMiyagi
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Post by MrMiyagi »

Al_Dente wrote:Can you prove that boss :?:
thanks :D
Also has trickle-down effect to logistics.
SPX/ENER
SPX/ENER
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