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08/09/2018 Live Update

Re: 08/09/2018 Live Update

Postby Trades with cats » Thu Aug 09, 2018 12:20 pm

oddstats May 30.png

We are now at day 180. :)
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Re: 08/09/2018 Live Update

Postby te_fern » Thu Aug 09, 2018 12:39 pm

Still has room to fall to get to the bottom of the channel. But, we're in a bull market so you never know....
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Re: 08/09/2018 Live Update

Postby te_fern » Thu Aug 09, 2018 12:43 pm

Coolbiz1 posted on Twitter 2 hours ago. "SPX 2863.43 may have been a ST peak on Tuesday. Expecting a pullback of 40-70 points from near here or from slightly higher yet? It may last 1-3 weeks. @2860.85 now."
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Re: 08/09/2018 Live Update

Postby te_fern » Thu Aug 09, 2018 1:34 pm

Seems to be climbing this bottom line of support. Now trying to break over this mornings line....
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Re: 08/09/2018 Live Update

Postby te_fern » Thu Aug 09, 2018 1:36 pm

Still in Cobra's channel...
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Re: 08/09/2018 Live Update

Postby Trades with cats » Thu Aug 09, 2018 1:55 pm

ES 09-18 (2000 Tick) 2018_08_09 (11_50_23 AM).png

Doji city up here at the top. Indicators have barely gone green. You could interpret this as a higher time frame re=test of the days high. But considering how we revert to flat line summer market moves around lunch time I wonder if we just flat line into the close.
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Re: 08/09/2018 Live Update

Postby Al_Dente » Thu Aug 09, 2018 1:56 pm

ROTATION
76% of SPY is these top five sectors
Relative strength (shaded panels) shows health (XLV) the strongest green
Tech (QQQ, XLT) and financials (XLF) are green, but weakening
greens are buys; reds are not buys
Daily
89rotation.png
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Re: 08/09/2018 Live Update

Postby Al_Dente » Thu Aug 09, 2018 2:01 pm

almanac, reminder
today is the 7th trading day
http://jeffhirsch.tumblr.com/post/17653 ... h-from-the
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Re: 08/09/2018 Live Update

Postby Trades with cats » Thu Aug 09, 2018 2:12 pm

oddstats reminder that we are closing in on the VIX roll for the month.
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Re: 08/09/2018 Live Update

Postby Trades with cats » Thu Aug 09, 2018 2:17 pm

Taycan EV.png

Alistair on twitter commenting that this won't be built in a tent.
I will say that as long as Elon doesn't have to talk about cars his stock does OK. Sort of reminds me of that time when pro football players went on strike and the teams tried to use replacements.
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Re: 08/09/2018 Live Update

Postby Cobra » Thu Aug 09, 2018 2:18 pm

not sure the move is to the day low or to make a triangle. I divided the range by 4 now, see if it can reach the buy zone.
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Re: 08/09/2018 Live Update

Postby Trades with cats » Thu Aug 09, 2018 2:24 pm

ES 09-18 (5 Min Volumetric) 2018_08_09 (12_18_47 PM).png

The five minute chart clearly says ES 2862 is holding as resistance until the FAANG guys call back Goldman's desk and authorize more buying.

This new to me chart style has a seperate black bar for Dojis which is kind of nice. Hope it gets picked up by the other bar types.
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Re: 08/09/2018 Live Update

Postby Trades with cats » Thu Aug 09, 2018 2:55 pm

Lots of reports that the SEC had already started looking at TESLA's claims before this latest go around. i am thinking of the supposed Mark twain quote "my friend was dying slowly then he died all at once".
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Re: 08/09/2018 Live Update

Postby Al_Dente » Thu Aug 09, 2018 3:00 pm

HAPPY HOUR
cat.png.png
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Re: 08/09/2018 Live Update

Postby Trades with cats » Thu Aug 09, 2018 3:17 pm

Looks like the right pattern for that much anticipated pull back. Lower low followed by a lower high so far today. If we sell off hard into the close and head for the overnight low, well that would look like a bingo to me. Of course the FAANGs may have a different plan. :D
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Re: 08/09/2018 Live Update

Postby te_fern » Thu Aug 09, 2018 3:35 pm

Some new lines and a downside target for the day...
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Re: 08/09/2018 Live Update

Postby te_fern » Thu Aug 09, 2018 3:39 pm

TICKs have gone negative, let's see how it trades into the close!
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Re: 08/09/2018 Live Update

Postby fehro » Thu Aug 09, 2018 3:51 pm

fehro wrote:mind the downside, mind Tuesday's gap on SPY .. Bonds, VIXes green TRIN 2.00+

VIX daily hammer buckle up tomorrow.. bonds nHOD green
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Re: 08/09/2018 Live Update

Postby Cobra » Thu Aug 09, 2018 3:55 pm


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Re: 08/09/2018 Live Update

Postby Cobra » Thu Aug 09, 2018 3:56 pm

well, guess that's it for today. Friday tomorrow has been bull friendly. thank you guys, I'll see you in another thread soon.

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