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10/18/2018 Live Update

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Cobra
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Re: 10/18/2018 Live Update

Post by Cobra »


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Trades with cats
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Re: 10/18/2018 Live Update

Post by Trades with cats »

We had a nice second leg down here (First leg Euro zone high around 4 am to the opening 60 minute range low) so probably need to wait for VWAP to catch down while price moves up a bit then we will see.
te_fern
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Re: 10/18/2018 Live Update

Post by te_fern »

that 2776 line has held several times, may contain this back test....
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MrMiyagi
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Post by MrMiyagi »

NYMO re-testing day low here, -38 (close enough to -40 support again??). BABY JANET HELP US ALL!!
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Re: 10/18/2018 Live Update

Post by Trades with cats »

OK, mark your calender's if you haven't already. All report after the close
Next week, Wed 24th MSFT
Thurs 25th Amazon Google
In two weeks, Tues, 30th Facebook
Thurs, 1st Apple
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Cobra
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Re: 10/18/2018 Live Update

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not good, likely more down.
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Cobra
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Re: 10/18/2018 Live Update

Post by Cobra »

OK, good timing again, when I thought more down, it rebounded. Hard to call down day. Now generally the rebound should be sold but if it can break through ema20 sharply then the low was in, so let's see.
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Trades with cats
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Re: 10/18/2018 Live Update

Post by Trades with cats »

Arugh! Netflix erases all post earnings gains, now what will I use for sarcastic comments about idiot traders buying into ponzi stocks!
te_fern
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Re: 10/18/2018 Live Update

Post by te_fern »

TICKs seem oversold, may get some sideways action to get back closer to their MA lines......
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MrMiyagi
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Post by MrMiyagi »

Trades with cats wrote:Arugh! Netflix erases all post earnings gains, now what will I use for sarcastic comments about idiot traders buying into ponzi stocks!
the ponz
the ponz
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MrMiyagi
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Post by MrMiyagi »

NO BOUNCE TODAY FRIENDS WE ARE DEAD IN THE WATER
q2model
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Re: 10/18/2018 Live Update

Post by q2model »

Cobra wrote:OK, good timing again, when I thought more down, it rebounded. Hard to call down day. Now generally the rebound should be sold but it it can break through ema20 sharply then the low was in, so let's see.

That was a right call, just a tab bad timing.

Do not be too hard on yourself :-)
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Re: 10/18/2018 Live Update

Post by Trades with cats »

ES 12-18 (10000 Tick) 2018_10_18 (11_25_00 AM).png
That is the cumulative volume profile on the right edge of the chart. 10,000 tick is supposed to be a 15 minute equivilant, but not these days. I assume the market will hunt the low volume nodes to fill in the profile while we wait for those 5 that are half of the S&P to clarify the future with their earnings reports and out looks.
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MrMiyagi
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Post by MrMiyagi »

MrMiyagi wrote:NO BOUNCE TODAY FRIENDS WE ARE DEAD IN THE WATER
DEAD DROWNING
Daniel
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Re: 10/18/2018 Live Update

Post by Daniel »

From Briefing.com:
The major U.S. indices have set fresh session lows in recent trading as global economic concerns weigh heavily on investors minds.

Caterpillar (CAT 135.81, -5.53), Home Depot (HD 180.02, -5.15), & Visa (V 138.59, -3.86) are underperforming. Caterpillar is leading the Dow lower after China's Shanghai Composite slipped 3%, and fresh trade war concerns return to the headlines.

Conversely, Exxon Mobil (XOM 81.98, +0.48) is the best-performing Dow component as energy displays relative strength in today's trade in contrast to widespread weakness seen across most other sectors.
Daniel
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Re: 10/18/2018 Live Update

Post by Daniel »

QQQ and SPY have filled Tuesday's breakaway gap.
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Re: 10/18/2018 Live Update

Post by Trades with cats »

Working on a bottom.
Daniel
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Re: 10/18/2018 Live Update

Post by Daniel »

q2model wrote:
Cobra wrote:OK, good timing again, when I thought more down, it rebounded. Hard to call down day. Now generally the rebound should be sold but it it can break through ema20 sharply then the low was in, so let's see.
That was a right call...
Pattern-wise, the acceleration was implying more downside. The price level happened to be right about where 'gap support' was, on SPY from Tuesday's open. This is a level algos will often use to trigger buy programs. Price movement is becoming less and less 'organic', and more and more purely mathematical. Moves build in strength... and then stop on a dime. It makes it hard to translate patterns into targets, since they can morph so quickly.
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Cobra
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Re: 10/18/2018 Live Update

Post by Cobra »

exceeds the pink tinted area then the low might be in, wait and see.
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brokebybernacke2
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Re:

Post by brokebybernacke2 »

MrMiyagi wrote:NO BOUNCE TODAY FRIENDS WE ARE DEAD IN THE WATER
extremely bearish giving back this much, yes.
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