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09/07/2018 Live Update

09/07/2018 Live Update

Postby Cobra » Fri Sep 07, 2018 9:21 am

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double bottom or not, wait and see. so far looks like another range day.
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Re: 09/07/2018 Live Update

Postby Cobra » Fri Sep 07, 2018 9:24 am


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Re: 09/07/2018 Live Update

Postby JFR » Fri Sep 07, 2018 9:55 am

Time for a bounce?
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Re: 09/07/2018 Live Update

Postby Daniel » Fri Sep 07, 2018 10:01 am

Interesting open. IWM sold off sharply before abruptly rebounding-- whereas QQQ started recovering at once.
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Re: 09/07/2018 Live Update

Postby Cobra » Fri Sep 07, 2018 10:02 am


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Re: 09/07/2018 Live Update

Postby te_fern » Fri Sep 07, 2018 10:05 am

TICKs haven't woken up yet this morning....
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Re: 09/07/2018 Live Update

Postby Daniel » Fri Sep 07, 2018 10:06 am

Semis are particularly strong. And regional banks are outperforming the larger moneycenter banks. Note that XLI has cooled off from its recent strong RS.
Last edited by Daniel on Fri Sep 07, 2018 10:16 am, edited 1 time in total.
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Re: 09/07/2018 Live Update

Postby brokebybernacke2 » Fri Sep 07, 2018 10:09 am

risky point here in markets. FANGS tech look ugly, tech a bit worried about potus /tariffs. nice weekend news with china, market up, not nice with china, market down. daily qqq bounce back test wedge break as we speak, need to get back in soon or not so good.
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Re: 09/07/2018 Live Update

Postby Daniel » Fri Sep 07, 2018 10:13 am

From Briefing.com:

The August Employment Situation report showed a higher-than-expected increase in average hourly earnings (+0.4% actual vs +0.2% Briefing.com consensus), igniting fears that inflation might be picking up. Yields are higher across the curve. The yield on the Fed-sensitive 2-yr Treasury note is up four basis points at 2.68%, and the yield on the benchmark 10-yr Treasury note is up six basis points at 2.94%.
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Re: 09/07/2018 Live Update

Postby Trades with cats » Fri Sep 07, 2018 10:15 am

Almost back to overnight high. About time for those Euro zone traders to deal with a giant V for the day like we have been on the Colonial side of the Pond. :lol:
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Re: 09/07/2018 Live Update

Postby Daniel » Fri Sep 07, 2018 10:17 am

SPY has joined IWM and QQQ in a gap fill.

TLT still down a buck. EEM showing unusual RS today, recently has been a weak dog.
Last edited by Daniel on Fri Sep 07, 2018 10:20 am, edited 1 time in total.
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Re: 09/07/2018 Live Update

Postby te_fern » Fri Sep 07, 2018 10:18 am

Still in the megaphone....
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Re: 09/07/2018 Live Update

Postby Trades with cats » Fri Sep 07, 2018 10:24 am

te-fern, thanks for that. Doesn't show up on my info overload charts. :D
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Re: 09/07/2018 Live Update

Postby Al_Dente » Fri Sep 07, 2018 10:27 am

What’s inside SMALLS (top panel)
Small-cap energy (lime) is light-weighted but it has a heavy pull

97inside.png.png
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Re: 09/07/2018 Live Update

Postby Al_Dente » Fri Sep 07, 2018 10:34 am

note AVGO
semis
part of the S&P 500
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Re: 09/07/2018 Live Update

Postby Daniel » Fri Sep 07, 2018 10:37 am

Note on Al D's chart how the orange line (HEALTH) has risen to RS champ, just nipping INDUSTRIALS, whose RS is waning a bit (as noted earlier regarding XLI).

Much of the smallcap healthcare strength is coming from the small bios. XBI as a biotech fund is the closest proxy I track, altho it isn't purely smallcap. XBI is currently up a bit under 1%.
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Re: 09/07/2018 Live Update

Postby te_fern » Fri Sep 07, 2018 10:41 am

Trades with cats wrote:te-fern, thanks for that. Doesn't show up on my info overload charts. :D


:D :D
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Re: 09/07/2018 Live Update

Postby te_fern » Fri Sep 07, 2018 10:44 am

I think Daniel mentioned Semi's earlier, they had a nice bounce. Are they tracking a new box??
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Re: 09/07/2018 Live Update

Postby Daniel » Fri Sep 07, 2018 10:49 am

SPY flat on day. Up/down volume is back to 1.00. Yawn.
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Re: 09/07/2018 Live Update

Postby Al_Dente » Fri Sep 07, 2018 11:00 am

TSLA
down -6%
he smoked weed on his live podcast
is trending on twitter
[add: is approaching double bottom with April]
Last edited by Al_Dente on Fri Sep 07, 2018 11:02 am, edited 2 times in total.
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