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08/22/2018 Live Update

08/22/2018 Live Update

Postby Cobra » Wed Aug 22, 2018 9:25 am

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for now, for now, it looks like a bear flag. bear flag mostly doesn't work though. My guess is range day today.
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ES60min.png

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Re: 08/22/2018 Live Update

Postby Cobra » Wed Aug 22, 2018 9:28 am


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Re: 08/22/2018 Live Update

Postby Daniel » Wed Aug 22, 2018 9:43 am

Down gaps this morning were a pure gift to dip-buying bulls. Quick easy fill on QQQ, and IWM a sharp kaboom right up to yest high. SPY is lagging, yet to fill.

Update: hard to tell on various charts, SPY may have gap-filled by a tick, or maybe just fell short...
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Re: 08/22/2018 Live Update

Postby Trades with cats » Wed Aug 22, 2018 9:48 am

From David Rosenberg via Twitter:
How ironic on the eve of the “longest bull market ever” the SPX failed at the highs in what was the 6th attempt since the Jan 26th record close. Breadth/volume far below prior peak, when 8 sectors participated vs. just 2 yesterday. Farrell’s Rule #7 at play.
6:18 AM - 22 Aug 2018
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Re: 08/22/2018 Live Update

Postby te_fern » Wed Aug 22, 2018 9:49 am

Big Board Ticks already falling thru it's moving average...
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Re: 08/22/2018 Live Update

Postby fehro » Wed Aug 22, 2018 9:50 am

SPX LOD goes.. look to yGAP and Mon's .. TRANSports not happy.. bonds up strong again.. mind the downside move
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Screen Shot 2018-08-22 at 6.49.00 AM.png
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Re: 08/22/2018 Live Update

Postby Trades with cats » Wed Aug 22, 2018 9:50 am

Nomura reporting that the generic S/L hedge fund is losing money with the most shorted hedge fund holdings up 5 something % while the most held longs down 2 or so %.
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Re: 08/22/2018 Live Update

Postby te_fern » Wed Aug 22, 2018 9:59 am

Bios went crazy up this morning, now starting to settle down.
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Re: 08/22/2018 Live Update

Postby Daniel » Wed Aug 22, 2018 10:00 am

QQQ, IWM still within the OR-15min. SPY is just below.
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Re: 08/22/2018 Live Update

Postby Cobra » Wed Aug 22, 2018 10:02 am


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Re: 08/22/2018 Live Update

Postby Daniel » Wed Aug 22, 2018 10:03 am

Dollar (UUP) has given up all of its mid-month gain and is back at support in the 25.15--20 area.
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Re: 08/22/2018 Live Update

Postby te_fern » Wed Aug 22, 2018 10:04 am

Still heading down....
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Re: 08/22/2018 Live Update

Postby te_fern » Wed Aug 22, 2018 10:16 am

Bouncing in several individual sectors. This is where I get sucked into a bad trade..... LOL!
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Re: 08/22/2018 Live Update

Postby Trades with cats » Wed Aug 22, 2018 10:17 am

ES 09-18 (2000 Tick) 2018_08_22 (8_10_48 AM).png

My fast tick count view looks like a market trying to find a direction.
It appears with Netflix up 10% in three days and the rotation into the speculative sectors that this has been a combination of short squeeze and (conjecture on my part) stock buyback money. That works but only if the rest of the market follows along.
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Re: 08/22/2018 Live Update

Postby te_fern » Wed Aug 22, 2018 10:21 am

Smalls look like they have pulled back from their bounce which gives me pause....
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Re: 08/22/2018 Live Update

Postby Trades with cats » Wed Aug 22, 2018 10:25 am

I have the overnight high at around 7:10 AM New York time. Currently my prime candidate for the top of the range with somewhere around the opening print as the bottom, for now.
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Re: 08/22/2018 Live Update

Postby te_fern » Wed Aug 22, 2018 10:37 am

Took a nibble...
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Re: 08/22/2018 Live Update

Postby Trades with cats » Wed Aug 22, 2018 10:38 am

Big sell order showed up 2 points higher.
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Re: 08/22/2018 Live Update

Postby Trades with cats » Wed Aug 22, 2018 10:39 am

Sorry 2 TICKS higher
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Re: 08/22/2018 Live Update

Postby Trades with cats » Wed Aug 22, 2018 10:44 am

ES 09-18 (2000 Tick) 2018_08_22 (8_40_54 AM).png

See for yourself how ES 2862 became important to some larger traders the second time.
They have turned my little range into an up channel for now. :D
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