11/16/2018 Live Update

[Trades with cats]

Make it or break it time!

[Trades with cats]

Buy program rocket launch from the looks of the bars. Today is no longer boring.

[Trades with cats]

Second stage had a rough start. Waiting to see if the third stage gets to the options expiration goal of 2750.

[K447]

...
(I have room for a couple more symbols of suppliers. Do u have any for me? Thanks anyone)
...

China?
BABA (Alibaba)
YINN

Thanks
I always saw BABA as a kind of Chinese EBAY, rather than a hard-core supplier of semiconductors and iStuff.
And YINN is 3x leveraged all China. I’m guessing your point is that China’s health is directly tied to AAPL suppliers health?
Anyway, here they are added: dashed lines

Alibaba is a huge thing, something like Amazon, plus a lot more lines of business. Scale is also impressive. Singles Day for BABA is more money than all of Black Friday + Cyber Monday

YINN is not all of China, it does include a bunch of China bank stuff. Not many China tech in YINN though.
3x leverage it is, but can be an interesting thing to watch, as it is a channel for US market people to 'access' China plays

[Al_Dente]

I just figured it out from the clues he left on his chart.
Thank again!
.[/quote]

it's perfect

my last post on that tick:
If you overlay the $SPX (really light), it's the best thing since sliced bread

[Trades with cats]

Not bad, about 20 points in around five minutes, who says volatility is dying out.

[Cobra]

must be some news, anyway, need break the range high first otherwise still in a range so more likely to pullback to range low from here.

[Al_Dente]

thanks K447

[Trades with cats]

Coolbiz was looking for 2743 to 2760. I am thinking they will take a second shot as this is way to obvious for a double top on an opex Friday. Mustn't scare the 401K crowd.

[Al_Dente]

scalp
intraday
SMALLS will test the top of the box
5min

[te_fern]

New high for the last 2 days, will change a number of EW counts....

[Cobra]

rejected at trend line, so still in range. bulls did great but not good enough.

[Trades with cats]

Fundamentals. My two step measured move arrows are pretty darn close. It is OPEX and Nomuras McElligott said a couple of weeks ago the century and half century marks are where the big boys are doing their options hedging. So I say BINGO!

[QED]

If you overlay the $SPX (really light), it's the best thing since sliced bread

If you put an inverted $VIX (-$VIX) behind the price and put the $SPX in a panel below the $TICK chart,
then the $VIX confirms the move.
.

[1der]

So tRump comes out and says 'hopeful China wants a Trade deal' and the Dow pops 200 pts. No substance, nothing to back it up, nada other than his lips/or tweet. I wonder if he got his scalp in place before mouthing. Glad I was not short.

From CNBC: "Stocks rose on Friday after President Donald Trump said he was hopeful the U.S. and China could strike a deal on trade.
The Dow Jones Industrial Average traded 200 points higher, while the S&P 500 gained 0.4 percent. The Nasdaq Composite erased most of its losses to trade down less than 0.1 percent.
Trump said China wants to make a deal on trade, adding the U.S. may not have to impose more sanctions on China. However, he added that any trade deal between the two countries must be reciprocal.

Investors have been grappling with worries about increasingly protectionist trade policies possibly slowing down the U.S.
Despite the boost from Trump's comments, the major indexes were on pace for big weekly losses. The Dow and Nasdaq are both down more than 2 percent this week, while the S&P 500 has fallen 1.5 percent."

[Al_Dente]

If you overlay the $SPX (really light), it's the best thing since sliced bread

If you put an inverted $VIX (-$VIX) behind the price and put the $SPX in a panel below the $TICK chart,
then the $VIX confirms the move.
.

[Trades with cats]

Quoting Zero Hedge
"It appears Trump has discovered the OPEC jawbone strategy: repeat the exact same thing every day, betting idiot algos will buy."
So much for the AI machine learning algos.
Lessons from this are of course
1. Let the computer place a stop automatically when you enter a trade. You can always adjust the stop.
2. Good money to be made by knowing when the algo's turn off the market will mean revert.

[QED]

2. Good money to be made by knowing when the algo's turn off the market will mean revert.

I think you said that FuturesTrader71 calls it: "returning to the scene of the crime."
.

[Trades with cats]

Yes he does. Once the news has been digested the market resumes the auction from where it was interrupted. As in we are back to dancing with normal hours VWAP, which was where we were just before the Orange Swan unleashed his lighting bolt.

[Cobra]

mini pullback target.