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05/10/2018 Live Update

brokebybernacke2
Posts: 1955
Joined: Wed Sep 21, 2011 10:10 am

Re: 05/10/2018 Live Update

Post by brokebybernacke2 »

upper bolly coming up 2718 for a rest,

back test break of 50 and then off to races for bulls.

bears have last chance or again remain silent for weeks..not lookin good, need a power move to bust that 2660ish zone.
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te_fern
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Re: 05/10/2018 Live Update

Post by te_fern »

Channel I'm watching....
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This is not investment or trade advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/10/2018 Live Update

Post by fehro »

Anyone see that crazy AI video yesterday from GOOGL? .. crazy stuff… go long ROBO and BOTZ.. the "next" AAPL/AMZN/FB :roll: :lol: :lol:

you need to watch this video

http://www.news.com.au/technology/innov ... aaa86a1291

and https://www.zerohedge.com/news/2018-05- ... offee-hour
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JFR
Posts: 10092
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Re: 05/10/2018 Live Update

Post by JFR »

SPY daily. The market is resilient. Of course there is lots of money to be invested. But one wonders if a lot of it is on hope.


SPY weekly. Choppy since January. It feels like we are sitting on a precipice. No problem for long and short day traders like us, of course.
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Charts posted are not recommendations. They are just a sharing of information.
te_fern
Posts: 4016
Joined: Tue Nov 24, 2015 3:35 pm

Re: 05/10/2018 Live Update

Post by te_fern »

fehro wrote:Anyone see that crazy AI video yesterday from GOOGL? .. crazy stuff… go long ROBO and BOTZ.. the "next" AAPL/AMZN/FB :roll: :lol: :lol:

you need to watch this video

http://www.news.com.au/technology/innov ... aaa86a1291

and https://www.zerohedge.com/news/2018-05- ... offee-hour
Crazy!
This is not investment or trade advice.
fehro
Posts: 22880
Joined: Fri Sep 02, 2011 2:06 pm

Re: 05/10/2018 Live Update

Post by fehro »

RUT 9 points from ATH.. all other lag big time
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JFR
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Re: 05/10/2018 Live Update

Post by JFR »

Runaway overnight gaps on YM, ES and NQ. I find it kind of amazing. For those overly optimistic, the pain might come later.
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Wallstreetrader
Posts: 975
Joined: Thu Mar 17, 2011 12:00 pm

Re: 05/10/2018 Live Update

Post by Wallstreetrader »

no more descending triangle in daily imo Bulls are safe for now :ugeek:
brokebybernacke2
Posts: 1955
Joined: Wed Sep 21, 2011 10:10 am

Re: 05/10/2018 Live Update

Post by brokebybernacke2 »

fehro wrote:RUT 9 points from ATH.. all other lag big time

looking rather bully, bears need miracle to get back in triangle and back below that 2660 level
expect a pullback from around this level, but not much , feels like we are amidst a chaser market...
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fehro
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Re: 05/10/2018 Live Update

Post by fehro »

NDX Qs nervous… at HUGE gap from Mar 12.. may stall here…. it's all in AAPLs hands :roll:
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fehro
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Re: 05/10/2018 Live Update

Post by fehro »

brokebybernacke2 wrote:
fehro wrote:RUT 9 points from ATH.. all other lag big time

looking rather bully, bears need miracle to get back in triangle and back below that 2660 level
expect a pullback from around this level, but not much , feels like we are amidst a chaser market...

Bears hold it… 50w SMA… then may see something… but NDX Qs pushing into HUGE open gap here.. indexes trying hard
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Cobra
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Re: 05/10/2018 Live Update

Post by Cobra »


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Cobra
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Re: 05/10/2018 Live Update

Post by Cobra »

te_fern wrote:Cobra, you feeling better???
thanks, better. just got up from the bed. :roll:

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JFR
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Re: 05/10/2018 Live Update

Post by JFR »

MMM, JPM having a good day.
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fehro
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Re: 05/10/2018 Live Update

Post by fehro »

SPX .. take a little short here .. 2722 with tight stop… mind the morning gap

/CL 5m possible H&S LOD goes again may see another -$1.15 drop to 69.65ish
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1der
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Re: 05/10/2018 Live Update

Post by 1der »

Bigger Picture - We have exceeded the April 18th high of 2718.50
2018-05-10 ES FIB.jpg
fehro
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Re: 05/10/2018 Live Update

Post by fehro »

1der wrote:Bigger Picture - We have exceeded the April 18th high of 2718.50
2018-05-10 ES FIB.jpg
now the stops are blown out.. do we reverse? :roll:
1der
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Re: 05/10/2018 Live Update

Post by 1der »

fehro wrote:
1der wrote:Bigger Picture - We have exceeded the April 18th high of 2718.50
2018-05-10 ES FIB.jpg
now the stops are blown out.. do we reverse? :roll:
Looking back to the 2720 to 2744 area from Mar 19 to 22, looks like ES could go to 2730 - 2733 in a flash.
15 min MACD is not showing any weakness... yet. Must be getting into overbought territory.
fehro
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Re: 05/10/2018 Live Update

Post by fehro »

VIX 50w holds… VIX inches up.. indexes still push a little..
fehro
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Re: 05/10/2018 Live Update

Post by fehro »

fehro wrote:VIX 50w holds… VIX inches up.. indexes still push a little..
caution TLT heats up.. pops up fast over 20d SMA.. look to 50d.. someone is getting nervous :roll:
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