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10/08/2018 Live Update

10/08/2018 Live Update

Postby Cobra » Mon Oct 08, 2018 9:24 am

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revisiting the previous low so sharp up any time would mean the low might be in, key time. My guess is range day because bond market is closed, the recent sharp down is due to rapidly rising interest rate.
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Re: 10/08/2018 Live Update

Postby Cobra » Mon Oct 08, 2018 9:30 am


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Re: 10/08/2018 Live Update

Postby BullBear52x » Mon Oct 08, 2018 9:42 am

find excuse to buy. a dead cat bounce at the least.
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Re: 10/08/2018 Live Update

Postby Cobra » Mon Oct 08, 2018 9:42 am


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Re: 10/08/2018 Live Update

Postby Cobra » Mon Oct 08, 2018 10:02 am


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Re: 10/08/2018 Live Update

Postby Cobra » Mon Oct 08, 2018 10:03 am

morning hourly hollow red
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Re: 10/08/2018 Live Update

Postby BullBear52x » Mon Oct 08, 2018 10:08 am

daily buy the dip, RSI >30 will trigger a buy.
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Re: 10/08/2018 Live Update

Postby Cobra » Mon Oct 08, 2018 10:15 am

100% mm possible, I even think it could be uptrend day. let's see.
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Re: 10/08/2018 Live Update

Postby Al_Dente » Mon Oct 08, 2018 10:22 am

bond market is closed, but TLT and TBT are still trading
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Re: 10/08/2018 Live Update

Postby te_fern » Mon Oct 08, 2018 10:24 am

TICKs are trying to move above their MA lines....
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Re: 10/08/2018 Live Update

Postby Daniel » Mon Oct 08, 2018 10:26 am

NYSE up/dn vol is 1.5 : 1 bullish.
Naz up/dn vol is more neutral, tho.
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Re: 10/08/2018 Live Update

Postby BullBear52x » Mon Oct 08, 2018 10:26 am

Bulls need to take out 50% or even 61.8% to build more support in micro level.
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Re: 10/08/2018 Live Update

Postby te_fern » Mon Oct 08, 2018 10:28 am

BB52, I was thinking the same thing, need to take out the end of day Friday highs first to get anything going!!
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Re: 10/08/2018 Live Update

Postby Daniel » Mon Oct 08, 2018 10:32 am

Al_Dente wrote:bond market is closed, but TLT and TBT are still trading

When that happens it makes for a perfect Sentiment Indicator.

..Much like Chinese equities traded as ETFs, during the US market hours. The Chinese numbers are done for the day, and are fixed. So a blend of factoring their close, plus what's happening in the now of US and LatAm markets, becomes a pure sentiment-indicator of the "animal spirits".

:)
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Re: 10/08/2018 Live Update

Postby Cobra » Mon Oct 08, 2018 10:40 am

key time, if the pullback can be bought then it's uptrend day, sharp pullback here, then it's range high.
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Re: 10/08/2018 Live Update

Postby Daniel » Mon Oct 08, 2018 10:45 am

SPY is flat at 10:40am, this means it has fully absorbed some news and numbers from Asia and Europe and deemed them of local concern.

But, on a more macro level, there were some heavy losses overnite, esp. Italy and Shanghai (Composite down 3.7%, after a week closed).
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Re: 10/08/2018 Live Update

Postby BullBear52x » Mon Oct 08, 2018 10:47 am

dip buyers are out. :mrgreen:
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Re: 10/08/2018 Live Update

Postby brokebybernacke2 » Mon Oct 08, 2018 10:54 am

longer term, this one chart is my canary, and reactions have started... this is weekly chart, major trend line broken, with current debt levels, someone/s not gonna/never get paid..equities will hurt...bears will have many chances for months..imho. should be great tradin times ahead..
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Re: 10/08/2018 Live Update

Postby Daniel » Mon Oct 08, 2018 10:54 am

Al_Dente wrote:bond market is closed, but TLT and TBT are still trading

15min timeframe, TLT is showing its first good bull bar of the day.
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Re: 10/08/2018 Live Update

Postby Daniel » Mon Oct 08, 2018 11:10 am

VIX near its hod, just under 17

IWM, IYT testing their lod
Last edited by Daniel on Mon Oct 08, 2018 11:16 am, edited 1 time in total.
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