12/28/2018 Live Update

[Cobra]

so far just a range day.

[JFR]

Big picture. A volatile year. One might say chaotic. Expect more of the same. Big swings.

Optimist? Pessimist? Neither. Just along for the ride.

[Al_Dente]

Using 5 minutes, 10 days, 50/200ma
It’s all higher lows and higher highs
(although the options traders, 1/VIX, are not as exhuberant as others)

[BullBear52x]

Bull Flag followed from a C&H, no trade just update my chart. Peace!

[Al_Dente]

old news:
the rally was partly due to a Mastercard report that sales during the U.S. holiday shopping season rose the most in six years in 2018
[up 5.1% over last Xmas … $850 billion spent between November 1st and Xmas Eve] , helping allay concerns about the health of the U.S. economy.

[Al_Dente]

[CNBC all morning, then zh just now]:
A “high-ranking” trump administration official asked a "well known" hedge fund investor for advice on how to halt the market rout
The "well known" investor suggested:
quit criticizing Powell on twitter
quit all the administration turnover
reach a trade deal with China, already

This is daily, back to 1/20/17, the day he entered the oval office
The horizontal purple lines ROUGHLY mark that day

[JFR]

My stomach and the back of my brain are expecting a wild move in the last hour. Ha ha

If I am at the console, I might even try to ride it. Check that. I will try to ride it.

[JFR]

It feels like 90 minutes before a big game.

[Man_Utd]

[CNBC all morning, then zh just now]:
A “high-ranking” trump administration official asked a "well known" hedge fund investor for advice on how to halt the market rout
The "well known" investor suggested:
quit criticizing Powell on twitter
quit all the administration turnover
reach a trade deal with China, already

This is daily, back to 1/20/17, the day he entered the oval office
The horizontal purple lines ROUGHLY mark that day

He/she forgot about the government shut down.

[Al_Dente]

[CNBC all morning, then zh just now]:
A “high-ranking” trump administration official asked a "well known" hedge fund investor for advice on how to halt the market rout
The "well known" investor suggested:
quit criticizing Powell on twitter
quit all the administration turnover
reach a trade deal with China, already
This is daily, back to 1/20/17, the day he entered the oval office
The horizontal purple lines ROUGHLY mark that day

He/she forgot about the government shut down.

thanks boss

OFF TOPIC:
Here's McClellan on that big 10-1 Up Volume Day
https://www.mcoscillator.com/learning_c ... olume_day/

[Cobra]

hmm, the same buy program yesterday?

[Trades with cats]

I have returned my 2,000 tick (2,000 transactions per bar) chart to natural bar spacing, that is the computer prints them as they happen in time. Makes it very difficult to look at overnight! But you can easily see when the market is more active or as we say these days the buy programs are kicking in because the bars are on top of each other.

Those extra lines are a triple Keltner channel based on the 20 EMA at 1.618, 2.618 and 4.236 20 period ATRs. Siri Durda calls them Fib bands.

[Trades with cats]

evil site says
"And while we don't know if it is indeed pensions, or someone merely frontrunning today's forced buying - or perhaps just pretending to be them - at precisely 2:05pm, the NYSE TICK - an indicator showing relative strength of buy and sell orders - just hit 1,735, the second highest reading on record, as an absolutely gargnatuan buy order hit..."

[Al_Dente]

HAPPY HOUR

[JFR]

And they're off. Three days in a row, or a double cross?

[JFR]

Pulling back. Nasty. Ha ha

It is wild.

[brokebybernacke2]

backtesting pretty nice IHS on the hourly neckline around 2500, expect big pop monday assuming we do not falter rest of day..

[JFR]

Big fakeout. LOL The market is crazy. Chaotic.

[Al_Dente]

https://www.youtube.com/watch?v=ctjOKI-2vNg

[1der]

Nice calls dtES
2523 High 2472.75 Low, impressive.