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06/08/2018 Live Update

te_fern
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Re: 06/08/2018 Live Update

Post by te_fern »

Small overthrow, maybe a bear trap? Pushing north again....
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te_fern
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Re: 06/08/2018 Live Update

Post by te_fern »

Can we push thru??? Probably not, the bots are in control.....
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fehro
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Re: 06/08/2018 Live Update

Post by fehro »

triangle .. pink lines key
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te_fern
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Re: 06/08/2018 Live Update

Post by te_fern »

Nope, no push thru....
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Al_Dente
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Re: 06/08/2018 Live Update

Post by Al_Dente »

big drop oil
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Trades with cats
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Re: 06/08/2018 Live Update

Post by Trades with cats »

That triple top is at FT71's high of the day from his pre-open scenarios. Just saying it was clear from earlier that level could be it. But the way of the snake says it will not stop a fourth push. Will see if this follows prior pattern of push up to the OR high fail, drop to VWAP push to OR High, fail drop to OR low.
te_fern
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Re: 06/08/2018 Live Update

Post by te_fern »

A little stronger push thru, need to break 72....
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Cobra
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Re: 06/08/2018 Live Update

Post by Cobra »

not sure if it's a double bottom but at least today is not bearish so far, range day the worst and the most likely.
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Trades with cats
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Re: 06/08/2018 Live Update

Post by Trades with cats »

My Dad used to quote an old brokerage house saying (he used to sit around at the brokerage watching the quote screen back in the day) the market always finds a way to make a fool out of the most people.

That breakout sure looked like it had yesterday's close as it's goal. Nice volume spike to go with it, so maybe that was today's high, or not. :)
Trades with cats
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Re: 06/08/2018 Live Update

Post by Trades with cats »

Everybody is awake now, highest relative volume of the day last 4 minutes.
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Al_Dente
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Re: 06/08/2018 Live Update

Post by Al_Dente »

hours ago; not fresh
"Apple to make 20 percent fewer new model iPhones this year"
https://www.reuters.com/article/us-appl ... SKCN1J41AZ
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Al_Dente
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Re: 06/08/2018 Live Update

Post by Al_Dente »

whatever carrier you use, Sprint desperately wants you to switch
$15 month, unlimited
http://www.techtimes.com/articles/22975 ... decide.htm
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Cobra
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Re: 06/08/2018 Live Update

Post by Cobra »


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Trades with cats
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Re: 06/08/2018 Live Update

Post by Trades with cats »

Pasta Boss, the critical, to me, part is that total world wide smart phone sales declined for the first time.
Apple, well Tim and whomever follows him have a large war chest so they can continue to prop the stock but Apple has probably reached it's sell by date. To me the question is how do all these monster holdings liquidate without causing an epic panic. Also it would be like shorting Tesla, only instead of Elon's mouth inflicting pain it is the buyback desk. :lol:
Wallstreetrader
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Re: 06/08/2018 Live Update

Post by Wallstreetrader »

was taking a look at long term italy bonds and before 2009 normal % was 3.80/3.90% so below these values I think that could be normal, 3.15% today pretty below so maybe someone want buy some bargains ? what you think guys
Last edited by Wallstreetrader on Fri Jun 08, 2018 12:10 pm, edited 1 time in total.
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Al_Dente
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Re: 06/08/2018 Live Update

Post by Al_Dente »

Trades with cats wrote:Pasta Boss, the critical, to me, part is that total world wide smart phone sales declined for the first time.
Apple, well Tim and whomever follows him have a large war chest so they can continue to prop the stock but Apple has probably reached it's sell by date. To me the question is how do all these monster holdings liquidate without causing an epic panic. Also it would be like shorting Tesla, only instead of Elon's mouth inflicting pain it is the buyback desk. :lol:
I think perhaps they don’t liquidate; rather they’ll put on endless exotic hedges [??]
On a related note:
QQQ is down a smidge, so once again the “experts” weigh in on the “bursting of the tech bubble,” and the impending end of the world…
[GS:not a bubble. BAC: it’s set to become the largest bubble of all time, etc.]
https://www.zerohedge.com/news/2018-06- ... to+zero%29
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Cobra
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Re: 06/08/2018 Live Update

Post by Cobra »

probably bias is up now.
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Al_Dente
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Re: 06/08/2018 Live Update

Post by Al_Dente »

positive divergence on the FDN (pink, the proxy for faangs+)
so QQQ bounces (dead-cat until proven otherwise)
5m
68qqq posd.png.png
Last edited by Al_Dente on Fri Jun 08, 2018 12:24 pm, edited 1 time in total.
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fehro
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Re: 06/08/2018 Live Update

Post by fehro »

support from TRAN INDU.. NDX COMPQ still weak with RUT … VIX slipping looks to fill morning gap
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te_fern
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Re: 06/08/2018 Live Update

Post by te_fern »

Need to push thru 72 now....
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