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09/26/2018 Live Update

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Cobra
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Re: 09/26/2018 Live Update

Post by Cobra »

now the reversal. should be followed by a reversal of reversal which usually is the last major reversal.
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Re: 09/26/2018 Live Update

Post by Trades with cats »

ES 12-18 (2000 Tick) 2018_09_26 (12_07_07 PM).png
You know I am not that good at trend lines so this must be a Captain Obvious Fed day. :lol:
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Cobra
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Re: 09/26/2018 Live Update

Post by Cobra »

now the reversal of reversal.
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Daniel
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Re: 09/26/2018 Live Update

Post by Daniel »

Kaboom! NYSE upside volume confirming.
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Re: 09/26/2018 Live Update

Post by Trades with cats »

ES 12-18 (2000 Tick) 2018_09_26 (12_24_16 PM).png
Nothing to see here, move along.

I will say this counts as a regular hours close of the Monday gap down open.
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Re: 09/26/2018 Live Update

Post by brokebybernacke2 »

Daniel wrote:Kaboom! NYSE upside volume confirming.
tread carefully, highway to the danger zone imho.
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Re: 09/26/2018 Live Update

Post by Trades with cats »

Estimated earnings reports:
10/16 Netflix who cares they don't buy back stock
the big one Thursday October 25
Alphabet, Amazon, Intel and Microsoft So buybacks have ended for now.
11/1 A week later Apple. So Cook can still order buybacks through next Wednesday.
11/7 Tuesday Facebook I have not been keeping tabs, Have Mark and his CEO sold another couple billion dollars of stock this quarter?
11/8 Nvidia
:D
So yes I am saying the two multi-trillion dollar liquidity tailwinds that propelled this market are the Fed balance sheet which stopped growing earlier this year and is now trying to reverse and the even larger stock buybacks which doubled in strength this year. But that wind is stopping for 30 days with the market at near record highs. Today was the last great hope for the bulls (other than the Orange Swan reversing his China policy) and a conference table miracle did not happen. I expect to see some short action until earnings and the election, then we will see.
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Re: 09/26/2018 Live Update

Post by Trades with cats »

ES VWAP 2 points lower.
Heck
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Re: 09/26/2018 Live Update

Post by Heck »

All Three Option Sentiment Indices = DOWN
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Cobra
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Re: 09/26/2018 Live Update

Post by Cobra »

maybe a rebound here first then we'll see. I have no idea where the market is going.
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Daniel
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Re: 09/26/2018 Live Update

Post by Daniel »

brokebybernacke2 wrote:
Daniel wrote:Kaboom! NYSE upside volume confirming.
tread carefully, highway to the danger zone imho.
..There is no such thing as reversal of reversal of reversal-- at that point it is called "market fibrillation". :)
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Al_Dente
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Re: 09/26/2018 Live Update

Post by Al_Dente »

HAPPY HOUR
Image
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 09/26/2018 Live Update

Post by Trades with cats »

ES 12-18 (10000 Tick) 2018_09_26 (12_54_53 PM).png
It isn't to the tick with Friday's close and a bull would call this consolidation. But with Apple the only buy the all time highs player I am just waiting for that jump from last Thursday night when they put the squeeze on Goldman to get erased. Plenty of traps being set for retail bulls and you know if they don't get out soon Monday will be bad because this weekend they will realize they bought the high. Again assuming on my part the lack of buybacks will give us what it has most quarters, a down and to the right chart.
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Re: 09/26/2018 Live Update

Post by Trades with cats »

30 minutes out from RTH close. Twitter feed retweeting Mr Top Step (Top Step Trading) preliminary estimate for an ugly close.
"UGLY MiM - $1.7 bil to sell"
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Re: 09/26/2018 Live Update

Post by Trades with cats »

Well into last Wednesday's range now.
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Cobra
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Re: 09/26/2018 Live Update

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Cobra
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Re: 09/26/2018 Live Update

Post by Cobra »

well, guess that's it for today. Thursday tomorrow has been mixed recently. thank you guys, I'll see you in another thread soon.

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