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08/06/2018 Live Update

08/06/2018 Live Update

Postby Cobra » Mon Aug 06, 2018 9:20 am

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no idea up or down from here, maybe up?
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Re: 08/06/2018 Live Update

Postby Cobra » Mon Aug 06, 2018 9:22 am


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Re: 08/06/2018 Live Update

Postby Trades with cats » Mon Aug 06, 2018 9:43 am

ES 09-18 (2000 Tick) 2018_08_06 (7_37_53 AM).png

The overnight action. Media reports said the Chinese market lead the way down. Then, for no obvious reason a major Euro zone buy program triggered. That clearly ended well before the official New York open.
Clear from the orderbook background on the chart that the overnight low is major support this morning.
Clear from the indicators I follow we could be headed for chop. :)
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Re: 08/06/2018 Live Update

Postby Trades with cats » Mon Aug 06, 2018 9:59 am

Major action at Friday's high. Lots of orders suddenly a point above as well.
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Re: 08/06/2018 Live Update

Postby Cobra » Mon Aug 06, 2018 10:07 am


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Re: 08/06/2018 Live Update

Postby Trades with cats » Mon Aug 06, 2018 10:08 am

ES 09-18 (2000 Tick) 2018_08_06 (8_06_51 AM).png

Try number 2
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Re: 08/06/2018 Live Update

Postby Trades with cats » Mon Aug 06, 2018 10:14 am

Gartman: "We Were Clearly Wrong In Being Short Of The US Market"
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Re: 08/06/2018 Live Update

Postby te_fern » Mon Aug 06, 2018 10:14 am

TICKs look strong this morning.
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Re: 08/06/2018 Live Update

Postby te_fern » Mon Aug 06, 2018 10:16 am

Got a quick scalp this morning on the Bios. Was out of town last week and missed several set=ups!!
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Re: 08/06/2018 Live Update

Postby Trades with cats » Mon Aug 06, 2018 10:24 am

Twitter feed showing NASDAQ in a liner up move this morning. As Cramer says "Buy Buy Buy".
Goldman article this weekend (I only read headline) August is a big month for buybacks, 13% of the annual total.
Saw last week that 1st quarter buybacks annualized will mean over 1 trillion.
So if the market hits an all time high in low volume summer trading solely on buybacks isx it like scoring a goal on yourself? :)
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Re: 08/06/2018 Live Update

Postby Trades with cats » Mon Aug 06, 2018 10:27 am

Try 2 failed. Bounce on the open or lower to find ammo for try 3?
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Re: 08/06/2018 Live Update

Postby Trades with cats » Mon Aug 06, 2018 10:35 am

That failed breakout is making Friday's high look like tough resistance.
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Re: 08/06/2018 Live Update

Postby Cobra » Mon Aug 06, 2018 10:45 am

my guess, just a guess, is it's uptrend day, although do not expect up big.
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Re: 08/06/2018 Live Update

Postby Trades with cats » Mon Aug 06, 2018 10:47 am

third try working, overnight high 2 points away would be my first target.
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Re: 08/06/2018 Live Update

Postby Trades with cats » Mon Aug 06, 2018 10:50 am

What happened to Goldman's buyback desk :o
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Re: 08/06/2018 Live Update

Postby Al_Dente » Mon Aug 06, 2018 11:36 am

Jamie Dimon
"Prepare for 5% Yield"
[obviously not today :roll: ]
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Re: 08/06/2018 Live Update

Postby Trades with cats » Mon Aug 06, 2018 11:39 am

Biggest bid ask delta bar of the day as the bulls step up and cross over the bid ask line to make the overnight high. 6,500 hundred contracts at 2844.75 and 2845.0
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Re: 08/06/2018 Live Update

Postby te_fern » Mon Aug 06, 2018 11:42 am

TICKs still rising...
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Re: 08/06/2018 Live Update

Postby Trades with cats » Mon Aug 06, 2018 11:51 am

What I really find amazing is that Goldman only has to call a handful of CEO's to get the firepower to move the FAANGs and friends and drag the entire market, if they wish. The issue comes when the music stops. Continuing to cross the bid in a move up on zero news.
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Re: 08/06/2018 Live Update

Postby te_fern » Mon Aug 06, 2018 11:52 am

Steady Freddy marching higher....
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