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10/05/2018 Live Update

Postby MrMiyagi » Fri Oct 05, 2018 1:32 pm

INTRADAY NYMO HIT -71. NYDEC STARTING TO PICK UP PACE
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Re: 10/05/2018 Live Update

Postby Trades with cats » Fri Oct 05, 2018 1:49 pm

Not exactly the sharp v bottom of legend but it looks pretty real at this point. Right at the January highs is a good place to bounce. Would prefer to see a re-test, not that little double tap 10 minutes apart. But as they sang, you don't always get what you want.
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Re: 10/05/2018 Live Update

Postby Trades with cats » Fri Oct 05, 2018 1:51 pm

Pretty obvious what the next target is going to be,
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Re: 10/05/2018 Live Update

Postby Cobra » Fri Oct 05, 2018 1:57 pm

the rebound looks very strong, so some chances the low was in, i.e. up and up and up, no turning back. But still I'll stick to the usual pattern, i.e. a revisit of the low is required.
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Re: 10/05/2018 Live Update

Postby Al_Dente » Fri Oct 05, 2018 2:00 pm

Al_Dente wrote:NY declining stocks = 3.0 x advancing stocks
NY declining volume = 2.8 x advancing volume

NY declining stocks = 2.5 x advancing stocks
NY declining volume = 1.7 x advancing volume
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Re: 10/05/2018 Live Update

Postby brokebybernacke2 » Fri Oct 05, 2018 2:02 pm

looking for a back test of 34 ma round 2890, then a potential look out below...if we close above 34 , different story...
have a good weekend!
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Re: 10/05/2018 Live Update

Postby Trades with cats » Fri Oct 05, 2018 2:08 pm

Still waiting to test yesterday's low. Maybe we have to re-test the bottom first.
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Postby MrMiyagi » Fri Oct 05, 2018 2:11 pm

Trades with cats wrote:Still waiting to test yesterday's low. Maybe we have to re-test the bottom first.


Yesterday's low in what, everything is taken to the guillotine.
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Re: 10/05/2018 Live Update

Postby Cobra » Fri Oct 05, 2018 2:29 pm

a little resistance here.
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Re: 10/05/2018 Live Update

Postby Trades with cats » Fri Oct 05, 2018 2:30 pm

Sorry, the ES and we have arrived. Open question as to where we go next today. Volume profile says the up move could easily go to the opening 1 hour range low of ES 2905 before hitting some heavy going.

Next week the Chinese traders are back in force so the first half of the overnight session won't be as subdued. As Pasta Boss posted market is still a couple of weeks away from a revival of it's primary source of cash, buybacks. With the fast run up in interest rates wonder if some boards will demand debt pay down rather than protecting CEO stock sales.
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Re: 10/05/2018 Live Update

Postby Al_Dente » Fri Oct 05, 2018 2:31 pm

Interesting?
GS “boiling the frog”
It’s not “… the absolute level of the 10Y yield in itself is a key trigger to a selloff, the other catalyst is the speed/rate of the selloff in rates -
i.e., the faster the yield rise, the more likely the adverse reaction for stocks…”
https://www.zerohedge.com/news/2018-10- ... to+zero%29
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Re: 10/05/2018 Live Update

Postby Al_Dente » Fri Oct 05, 2018 2:34 pm

MONDAY (better double check)
Bonds closed
Banks closed
MARKET OPEN (BUT NOT A SETTLEMENT DAY)
China reopens

Some are predicting craziness Monday
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Re: 10/05/2018 Live Update

Postby Al_Dente » Fri Oct 05, 2018 2:54 pm

WEEK AT A GLANCE (~hour early)
105week.png.png
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Re: 10/05/2018 Live Update

Postby Trades with cats » Fri Oct 05, 2018 2:55 pm

Coolbize saying that SPX 2929.78 is the line in the sand. If your interested he also put up a brokerage statement for the last couple of days.
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Re: 10/05/2018 Live Update

Postby Al_Dente » Fri Oct 05, 2018 3:00 pm

HAPPY HOUR
Image
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Re: 10/05/2018 Live Update

Postby daytradingES » Fri Oct 05, 2018 3:01 pm

starting to look promising
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Re: 10/05/2018 Live Update

Postby Trades with cats » Fri Oct 05, 2018 3:11 pm

ES VWAP at 2892.50. So above yesterday's low and at VWAP in the closing hour going into a mostly 3 day weekend. Who wants to go long?
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Re: 10/05/2018 Live Update

Postby Cobra » Fri Oct 05, 2018 3:27 pm


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Re: 10/05/2018 Live Update

Postby QED » Fri Oct 05, 2018 3:39 pm

Al_Dente wrote:HAPPY HOUR
Image


Get off of my damn lawn!!! :lol:

.
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Re: 10/05/2018 Live Update

Postby Cobra » Fri Oct 05, 2018 3:50 pm


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