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Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 12:19 pm
by Al_Dente
rate hike expected tomorrow
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Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 12:39 pm
by te_fern
Trying to move down thru the MA lines. Last support.....

Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 1:14 pm
by Trades with cats
Thin ice in this area of the chart, looking a bit like the 11 fail.

Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 1:42 pm
by Trades with cats
Here we go !

Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 1:46 pm
by te_fern
Broke thru the low of the day, will the BTFD'ers come in????

Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 1:49 pm
by Trades with cats
Was not expecting that dash down to retest yesterday's low. As Gomer says "Suprise Suprise Suprise". :)

Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 1:50 pm
by te_fern
Retesting the low, can it push thru!!

Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 1:58 pm
by Cobra
testing range low, maybe rebound all the way from here?

Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 2:06 pm
by te_fern
A little more resistance...

Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 2:12 pm
by Al_Dente
Personal Anecdote: A friend was diagnosed with cancer. One dose of his chemotherapy is $35,000.
The same dose in certain developed European countries is $6,000.
XLV daily
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Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 2:12 pm
by Daniel
=> Re-post (but still timely):

9/17 J.C. Parets sets out some 'lines in the sand'..

"The evidence continues to point to an environment where stocks are being accumulated, breadth is expanding, and sector rotation rules. My conclusion is simply this: there are more stocks that I want to be buying than stocks I want to be selling. And this is by an overwhelming amount. It’s not even close.

Small-caps and Mid-caps have been the leaders. As bulls, we want to see that remain the case. So if we’re below 170 in IWM, a more neutral approach is best. But above that and we want to remain aggressive from the long side.

The S&P500 is attempting to hold a breakout from an 8-month base. If we are above 2870 then we want to be buying stocks very aggressively. From a risk management standpoint, a more neutral approach in the short-term is certainly warranted if we’re below it.

From an upside confirmation perspective, the Dow Jones Internet Fund FDN holding above 140 would be constructive for the tech sector. The Software Fund IGV holding above 188 is a key level. If we’re below that, then something is likely wrong and a more neutral approach towards equities short-term is probably best.

Berkshire is important to the Financial indexes. If we’re above 200 in BRKB this is further evidence to me that we need to be aggressive from the long side. Healthy price action in BRKB is good for the Financials in general, and therefore the rest of the US Stock Market as a whole."

..Of these "dividing lines", the price of IWM and FDN have dipped below their warning levels over the past days, but both are currently back above. The others have been holding comfortably above.

Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 3:02 pm
by Trades with cats
ES 2920 to 2922 much bigger deal this time than it was an hour ago.

Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 3:06 pm
by Al_Dente
HAPPY HOUR
Image

Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 3:41 pm
by Trades with cats
Comment. From 2:30 on charts started looking very different. Heavy large lot (over 30 contracts) transactions on every bar. Maybe this is normal going into Fed day or perhaps something else is happening.

Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 4:01 pm
by Cobra
well, guess that's it for today. FOMC tomorrow has been generally bear friendly recently. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

Re: 09/25/2018 Live Update

PostPosted: Tue Sep 25, 2018 4:02 pm
by Cobra