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05/18/2018 Live Update

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Al_Dente
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Re: 05/18/2018 Live Update

Post by Al_Dente »

ho mama :shock:
LODs all over the place
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
1der
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Re: 05/18/2018 Live Update

Post by 1der »

SPY Lower PBar unfilled at 269.70 fwiw

AAPL lower is at 185
fehro
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Re: 05/18/2018 Live Update

Post by fehro »

SPX ..key time .. goes look to Thur's open gap next
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QED
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Re: 05/18/2018 Live Update

Post by QED »

@Al_Dente, add PSCE to your chart. Energy is also very important to the strength of small caps recently.
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Al_Dente
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Re: 05/18/2018 Live Update

Post by Al_Dente »

Higher Low chart, 15min
518higher low.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
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Re: 05/18/2018 Live Update

Post by Trades with cats »

Looking like a possible failed breakdown. Back to the boring range? :?
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Al_Dente
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Re: 05/18/2018 Live Update

Post by Al_Dente »

QED wrote:@Al_Dente, add PSCE to your chart. Energy is also very important to the strength of small caps recently.
Thanks boss, great point :D
Same percentage chart YTD, but PSCE added (lime dash)
(had to delete spy to fit it in)
518iwm kimono.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
QED
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Re: 05/18/2018 Live Update

Post by QED »

Trades with cats wrote:Pasta Boss, now that is enlightening. The media has been trying to herd retail investors into IWM claiming it is all about the rotation out of large caps because of the dollar. That hasn't set well with me especially given how very very small the small cap trading volume is compared to the large cap indexes.
Have you considered the possibility that large fund are rotating out of large cap and into small caps as well as into U.S. Dollars?
I think you may find your missing “trading volume” there.
fehro
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Re: 05/18/2018 Live Update

Post by fehro »

fehro wrote:SPX ..key time .. goes look to Thur's open gap next
bouncey bounce .. so far
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Screen Shot 2018-05-18 at 8.04.39 AM.png
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Al_Dente
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Re: 05/18/2018 Live Update

Post by Al_Dente »

REMINDER FOR MONDAY:
Forward Splits, as of May 21
MVV 3:1
UYG 3:1
DDM 3:1
UPRO 3:1
USD 3:1
TQQQ 3:1
And more
https://screener.fidelity.com/ftgw/etf/ ... ____BW6481
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
ccash04
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Re: 05/18/2018 Live Update

Post by ccash04 »

seems like this run at 272 is crucial, if it can get above maybe there will be some movement.

If it stalls seems like a range day between 271 and 272
Trades with cats
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Re: 05/18/2018 Live Update

Post by Trades with cats »

QED,

Thanks for the idea. With the small number of futures contracts trading in the E-mini Russel 2000 contract it wouldn't take much for a Vanguard or Fidelity to send it over the moon. A scenario that makes sense is the health and energy component takes off dragging the index with it at a time when some major fund managers are looking for something positive to buy and its off to the races.

If accurate I bet we could see solid out performance around window dressing times.

Personally I am more drawn to the idea of shorting emerging market debt etfs because that is so straightforward. The long term risk of borrowing in a different currency if you aren't hedged seems to result in spectacular collapses. Lets you sound like a genius at cocktail parties 8-)
fehro
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Re: 05/18/2018 Live Update

Post by fehro »

SPX stalling here.. short of gap fill .. nibble/ add / reload to short side.. not ideal.. seems upper pink triangle seem more doable.. but if LOD goes = ugly fast
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Re: 05/18/2018 Live Update

Post by Cobra »


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fehro
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Re: 05/18/2018 Live Update

Post by fehro »

fehro wrote:SPX stalling here.. short of gap fill .. nibble/ add / reload to short side.. not ideal.. seems upper pink triangle seem more doable.. but if LOD goes = ugly fast

/CL drops hard nLOD… weekly looking a tad toppy if /CL closes near 70.50 oil weakness.. indexes weakness
Pink line goes on SPX .. look out below :roll:
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QED
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Re: 05/18/2018 Live Update

Post by QED »

$TRIN is telling us something?
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Al_Dente
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Re: 05/18/2018 Live Update

Post by Al_Dente »

QED wrote:$TRIN is telling us something?
What?
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
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Re: 05/18/2018 Live Update

Post by fehro »

QED wrote:$TRIN is telling us something?

yes very elevated 1.51 .. buckle up
QED
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Re: 05/18/2018 Live Update

Post by QED »

Al_Dente wrote:
QED wrote:$TRIN is telling us something?
What?
It's a little hot. It normally will not stay this high for long.
In fact, it has dropped from over 2 to 1.75 since I posted.
We will see at the close ...
fehro
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Re: 05/18/2018 Live Update

Post by fehro »

Al_Dente wrote:
QED wrote:$TRIN is telling us something?
What?
https://traderhq.com/arms-index-ultimate-guide-trin/

When the Indicator is above 1.0 but below 2.0 it indicates selling pressure, and a short-term downtrend may be in effect. During such times, short-term short trades are preferable to long trades.
When the indicator is below 1.0 it indicates buying pressure and a short-term uptrend may be in effect. During such times, short-term long trades are preferable to short positions. Given that there is so much “noise” around 1.0, price analysis must also be used to determine direction and filter out false signals in the TRIN.
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