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09/10/2018 Live Update

Re: 09/10/2018 Live Update

Postby Daniel » Mon Sep 10, 2018 10:42 am

Dow Transports are now above their mid-August and late-Jan highs. IYT is over 207/share.

Today European stocks and the Euro aren't a drag, they are a tailwind. Showing strong RS vs most other ETFs.

QQQ hod today was exactly at the 20day MA, almost to the penny (182.36). Rejected firmly at that level. XLK and FDN both hit a hod that was just below their 20day MA.
Last edited by Daniel on Mon Sep 10, 2018 10:55 am, edited 2 times in total.
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Re: 09/10/2018 Live Update

Postby brokebybernacke2 » Mon Sep 10, 2018 10:47 am

https://www.cnbc.com/2018/09/07/deutsch ... stake.html

been a great short...big bank...much emerging exposure.
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Re: 09/10/2018 Live Update

Postby te_fern » Mon Sep 10, 2018 10:54 am

Took a small position in the Bios to see if we are going to run up today... The STO was good, the MA lines not... Breaking rules...
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Re: 09/10/2018 Live Update

Postby Daniel » Mon Sep 10, 2018 10:57 am

te_fern wrote:Took a small position in the Bios...

..always good to keep an eye on the small/midcap biotech ETF, ticker XBI-- it often leads its larger cap brethren by a few minutes on intraday moves...
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Re: 09/10/2018 Live Update

Postby te_fern » Mon Sep 10, 2018 11:01 am

Sold on the broad market sell down, good for 2 cups of coffee.. :D
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Re: 09/10/2018 Live Update

Postby te_fern » Mon Sep 10, 2018 11:01 am

Daniel wrote:
te_fern wrote:Took a small position in the Bios...

..always good to keep an eye on the small/midcap biotech ETF, ticker XBI-- it often leads its larger cap brethren by a few minutes on intraday moves...


Thanks, I'll have to check it out!!
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Re: 09/10/2018 Live Update

Postby Daniel » Mon Sep 10, 2018 11:02 am

Daniel wrote:QQQ hod today was exactly at the 20day MA, almost to the penny (182.36). Rejected firmly at that level. XLK and FDN both hit a hod that was just below their 20day MA.

QQQ, XLK both holding well above their 50day MA... but FDN is already below it (50day and 20day about at the same level).
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Re: 09/10/2018 Live Update

Postby te_fern » Mon Sep 10, 2018 11:03 am

Going wrong way for a new high of the day...
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Re: 09/10/2018 Live Update

Postby Daniel » Mon Sep 10, 2018 11:06 am

te_fern wrote:
Daniel wrote:..always good to keep an eye on the small/midcap biotech ETF, ticker XBI-- it often leads its larger cap brethren by a few minutes on intraday moves...

Thanks, I'll have to check it out!!

As a general rule, a smaller-cap version of the ETF one is tracking will tend to move in the same direction but earlier--because it takes less dollar volume to move it, and because its holdings are usually bought up (or sold) in the same general basket of stocks.

A classic example of this is among currency traders, who will often watch the New Zealand kiwi as an advance notice of a move in the Aussie dollar...

:)
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Re: 09/10/2018 Live Update

Postby Al_Dente » Mon Sep 10, 2018 11:07 am

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Re: 09/10/2018 Live Update

Postby te_fern » Mon Sep 10, 2018 11:08 am

Can we get a double bottom??
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Re: 09/10/2018 Live Update

Postby te_fern » Mon Sep 10, 2018 11:11 am

VWAP and triangle are next....
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Re: 09/10/2018 Live Update

Postby Daniel » Mon Sep 10, 2018 11:12 am

te_fern wrote:Can we get a double bottom??

Judging from IWM, perhaps! IWM kaboom! New hod in just the past couple minutes.
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Re: 09/10/2018 Live Update

Postby te_fern » Mon Sep 10, 2018 11:19 am

Triangle seems to be holding it in....
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Re: 09/10/2018 Live Update

Postby Daniel » Mon Sep 10, 2018 11:21 am

AAPL intraday recovery over the past half hour has it back above its (strongly upslope) 20day MA.

NYSE breadth has stayed strongly positive all morning--but UP/Down volume has steadily eroded. This is a sign of large institutional dumping in specific issues.
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Re: 09/10/2018 Live Update

Postby Cobra » Mon Sep 10, 2018 11:28 am

double bottom possible.
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Re: 09/10/2018 Live Update

Postby te_fern » Mon Sep 10, 2018 11:28 am

TICK still positive. The Qs stronger than the big board right now....
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Re: 09/10/2018 Live Update

Postby Daniel » Mon Sep 10, 2018 11:32 am

Just checked... can add IBB to the list of tech-related ETFs that topped today almost exactly at the 20day MA.
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Re: 09/10/2018 Live Update

Postby Al_Dente » Mon Sep 10, 2018 11:39 am

In the old days (last year) much of the developed world was roughly aliged with us
Since May… not

910may.png.png
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Re: 09/10/2018 Live Update

Postby te_fern » Mon Sep 10, 2018 11:40 am

Just doesn't want to get anything going today....
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