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05/18/2018 Live Update

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Cobra
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05/18/2018 Live Update

Post by Cobra »

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need see more bars.
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Cobra
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Re: 05/18/2018 Live Update

Post by Cobra »


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1der
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Re: 05/18/2018 Live Update

Post by 1der »

SPY Overnight PBar - New at 272.91 upper BLUE PBar
SPY 051818_01.jpg
fehro
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Re: 05/18/2018 Live Update

Post by fehro »

/ES SPX .. mind the morning gap.. triangles
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fehro
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Re: 05/18/2018 Live Update

Post by fehro »

mind the H&S on Qs 5m from May 7 to today.. at neckline .. LOD goes target is -$4.42 to $163.00
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Re: 05/18/2018 Live Update

Post by fehro »

DXY nHOD nHOW.. dollar pushes… only a matter of time for gold/oil
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fehro
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Re: 05/18/2018 Live Update

Post by fehro »

fehro wrote:mind the H&S on Qs 5m from May 7 to today.. at neckline .. LOD goes target is -$4.42 to $163.00
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Trades with cats
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Re: 05/18/2018 Live Update

Post by Trades with cats »

2000 tick bars
2000 tick bars
My trading chart view of the overnight action. Once again the European time zone crowd had a really great opportunity part way through their day. The way the market has been I wonder if they will stick around or just start their weekend early. :)
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Al_Dente
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Re: 05/18/2018 Live Update

Post by Al_Dente »

On eight of the last ten days, IWM has touched or pierced its upper daily bolinger band…
That’s unusual.
Today, intraday, it is at a potential double top.
If you peek under the IWM kimono, you will see that small-healthcare stocks, PSCH, have been the biggest contributor to this smalls rally (PSCH is up +26% YTD compared to IWM up +6.28% YTD).
(In other words: If it weren’t for trump’s recent gift to the medical/pharma cartel, IWM would be in trouble).
Trivia: healthcare is about 16% of IWM
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 05/18/2018 Live Update

Post by Trades with cats »

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.
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Re: 05/18/2018 Live Update

Post by Trades with cats »

Are we going to test that 9 am (Eastern) low? Or are they just bear baiting before the big push up? Lots of fresh shorts out there to squeeze I am guessing.
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Cobra
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Re: 05/18/2018 Live Update

Post by Cobra »


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Re: 05/18/2018 Live Update

Post by fehro »

fehro wrote:
fehro wrote:mind the H&S on Qs 5m from May 7 to today.. at neckline .. LOD goes target is -$4.42 to $163.00
rumour GOOGL may get slammed by 60 minutes on Sunday.. few news headlines.. of Google employees quitting over work with US army drones, etc..


https://www.zerohedge.com/news/2018-05- ... t-pentagon
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Al_Dente
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Re: 05/18/2018 Live Update

Post by Al_Dente »

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.
At this point everyone has gotten the memo about the outperformance of the smalls, so it’s now all about followers piling in.
FWIW:
YTD percent
All smalls plus IWM (cyan) and SPY (purple) for comparison
Small health is in ORANGE way up there
518kimono.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 05/18/2018 Live Update

Post by Trades with cats »

So on twitter today a different way to play the dollar. From someone I am unfamiliar with Eric Balchunas
"More evidence of calm before EM ETF bloodbath is traders (EEM) are bailing now, and allocators (IEMG) while not yet leaving haven't added inflows at all for 20+ days straight.."

This makes some sense to me because for several years the ' be a smart guy' types in the media have been pushing Ma and Pa Kettle to put their 401K in emerging market debt funds. Of course they never relate what happens when a recession kills your economy and a dollar rally delivers the coup de gras. Brazil seems to be a good current example.
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Al_Dente
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Re: 05/18/2018 Live Update

Post by Al_Dente »

Regarding the smalls outperformance
If you glance at the last ten days PERCENTAGEwise
U can c exactly how much the rest of the gang has to catch up……. not too bad really ............ still some higher lows there.....
(smalls are cyan, and all health, XLV, is orange)
518ten days.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 05/18/2018 Live Update

Post by Trades with cats »

Bounce stumbling on yesterdays close. All those foreign time zone traders must have closed their shorts before the New York open. Oh well good luck finding fresh longs on a Friday in May. :lol:
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Re: 05/18/2018 Live Update

Post by fehro »

VIX green .. AAPL pushes.. trying to save the market
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Cobra
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Re: 05/18/2018 Live Update

Post by Cobra »

possible higher low.
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Al_Dente
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Re: 05/18/2018 Live Update

Post by Al_Dente »

target met yesterday on TNX
pulling back a bit today
518tnx.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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