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08/13/2018 Live Update

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MrMiyagi
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Post by MrMiyagi »

Al_Dente wrote:stockcharts is sluggish ?
Was a bit, now seems ok.
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Cobra
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Re: 08/13/2018 Live Update

Post by Cobra »

it's still breakdown then sharp reversal. sign. no wonder I try best not to trade on the downside.
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MrMiyagi
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Post by MrMiyagi »

Cobra wrote:it's still breakdown then sharp reversal. sign. no wonder I try best not to trade on the downside.
Bounced off the NYMO -41, what happens next is tricky, back to the rocket run or down to collect the dead at -80?
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Re: 08/13/2018 Live Update

Post by Trades with cats »

Pedal to the metal for the bulls. Lots of green to bounce off the overnight lows. Powered through Friday POC on the way to VWAP 3 and 1/2 points higher. Guess we pause at VWAP.
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Re: 08/13/2018 Live Update

Post by Trades with cats »

Faked me out, pausing at the days mid 6 ticks below VWAP. Bouncing on Friday's POC. I don't think this market knows what to do.
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Al_Dente
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Re: 08/13/2018 Live Update

Post by Al_Dente »

Trades with cats wrote:Pedal to the metal for the bulls. Lots of green to bounce off the overnight lows. Powered through Friday POC on the way to VWAP 3 and 1/2 points higher. Guess we pause at VWAP.
“metal”
hahaha
I immediately checked the metals. :roll: :roll:
After 2 years dicking around, GDX is testing/breaking a long term box
Friday the non-commercial COT folks noted a bottom is near on $GOLD, due to the extreme reduction in net longs – “now lowest since December 2015.” [per hedgopia and others]
Not yet.
“It's not a bottom until it’s a bottom.” [paraphrasing Al Brooks]
daily, long term ($GOLD is EOD)
813gold.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 08/13/2018 Live Update

Post by Trades with cats »

My wife hopes you are right about gold. Her charities investment committee (she is not on that) is a part of Finance, she is chair of that. They put the surplus cash in short term bonds and gold two years ago and it has not been a happy ride.
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Al_Dente
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Re: 08/13/2018 Live Update

Post by Al_Dente »

bull spike oil, USO, last hour
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
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Re: 08/13/2018 Live Update

Post by fehro »

SPX wedge retest.. ..potential for a nasty drop still there.. RUT struggles at 50d
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Re: 08/13/2018 Live Update

Post by Trades with cats »

ES 09-18 (10000 Tick) 2018_08_13 (12_52_01 PM).png
Setting up for the Down Friday Down Monday indicator.
fehro
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Re: 08/13/2018 Live Update

Post by fehro »

Al_Dente wrote:bull spike oil, USO, last hour
mind that 2.5 yr uptrend in oil.. breached on the weekly.. oil is ripe for a huge down move, with dollar at HOY… buckle up
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Al_Dente
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Re: 08/13/2018 Live Update

Post by Al_Dente »

HAPPY HOUR
alice.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 08/13/2018 Live Update

Post by Al_Dente »

fehro wrote:
Al_Dente wrote:bull spike oil, USO, last hour
mind that 2.5 yr uptrend in oil.. breached on the weekly.. oil is ripe for a huge down move, with dollar at HOY… buckle up
:D
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 08/13/2018 Live Update

Post by Al_Dente »

Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 08/13/2018 Live Update

Post by Cobra »


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Re: 08/13/2018 Live Update

Post by Trades with cats »

ES 09-18 (5 Min Volumetric) 2018_08_13 (1_30_44 PM).png
Bouncing on support levels for now. No idea how many times we are going to trade this level, starting to feel like Ground Hog Day.
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Cobra
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Re: 08/13/2018 Live Update

Post by Cobra »


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Cobra
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Re: 08/13/2018 Live Update

Post by Cobra »

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

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Re: 08/13/2018 Live Update

Post by Trades with cats »

End of day high volume and it is 4 to 3 in favor of sellers. Not a good ending, so very close to the Sunday night low.
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