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Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 1:12 pm
by Cobra
the pullback will be bought.
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 1:38 pm
by Al_Dente
BofA asked their Fund Managers (223 survey participants who manage a total of $643BN):
"What level of US 10y Treasury yields would cause you to rotate from equities into bonds?"
The "magic number" rose from 3.5% last month to 3.6% in the May survey
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 2:04 pm
by Al_Dente
IWM another ATH
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 2:12 pm
by Al_Dente
what's hot today in the OEX-100
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 2:23 pm
by 1der
Unfilled PBars above - SPY at 273.11 and AAPL 188.55
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 2:34 pm
by Al_Dente
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 2:38 pm
by Trades with cats
ES volume is light. Yesterday's drop was 2 to 400% of normal while today's climb was 60 to 120% of normal, normal being the 20 day average for that 15 minute bar.
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 2:43 pm
by Trades with cats
Looking for an explanation on small cap out performance. Positive fundamentals are lower import costs, but that also means lower cost imported competition. Small caps are not prime borrowers so rate increases hit them hard. They also have a lot of debt because they are newish to stock financing.
Small caps as a proxy for the most shorted may be true from time to time but it is getting pretty worn out. All I have left are the same animal spirits that are causing FANGs to be bid up.
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 2:43 pm
by Cobra
bias is up.
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 2:52 pm
by Al_Dente
Trades with cats wrote:Looking for an explanation on small cap out performance. ................
IMHO
squeeze
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 3:18 pm
by Al_Dente
LATE HAPPY HOUR
Royal Wedding merchandise debuted on a UK morning show.
Sorry ladies, it sold out.
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 3:20 pm
by fehro
fehro wrote:SPX bearish wedge for the return trip down.. and lower gap filled..
struggles to fill upper gap.. not a bullish move.. wedge snaps.. mind morning gap for fill.. VIXes still subdue.
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 3:27 pm
by fehro
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 3:32 pm
by QED
Trades with cats wrote:Looking for an explanation on small cap out performance. Positive fundamentals are lower import costs, but that also means lower cost imported competition. Small caps are not prime borrowers so rate increases hit them hard. They also have a lot of debt because they are newish to stock financing.
Small caps as a proxy for the most shorted may be true from time to time but it is getting pretty worn out. All I have left are the same animal spirits that are causing FANGs to be bid up.
The rising U.S. Dollar hits large caps more than small caps since the conversion is generally unfavorable
when international profits are converted back to dollars.
Small caps do not have have this problem as much, since most sales are domestic.
Right now there is a subtle rotation from large caps into small caps.
You can see this rotation on a $RUT:$SPX relative chart.
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 3:48 pm
by Cobra
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 3:50 pm
by fehro
SPX some support here.. looses it look to morning gaps
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 3:50 pm
by Cobra
well, guess that's it for today. Thursday tomorrow has been mixed. thank you guys, I'll see you in another thread soon.
before the close, please take a little time to vote for me, thanks.
https://stockcharts.com/public/1684859/tenpp
Re: 05/16/2018 Live Update
Posted: Wed May 16, 2018 4:08 pm
by fehro
fehro wrote:SPX some support here.. looses it look to morning gaps
