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07/17/2019 Live Update

Re: 07/17/2019 Live Update

Postby Cobra » Wed Jul 17, 2019 11:54 am

the low might be in or close, may miss a higher low or slightly lower low revisit of the day low though.
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Re: 07/17/2019 Live Update

Postby Al_Dente » Wed Jul 17, 2019 11:55 am

Please note that CSX is also one of the 100 stocks in QQQ :o
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Re: 07/17/2019 Live Update

Postby Cobra » Wed Jul 17, 2019 11:57 am


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Re: 07/17/2019 Live Update

Postby Al_Dente » Wed Jul 17, 2019 12:43 pm

Miners tried four times to break-out, then today went bonkers
Here’s what I mean by “bonkers” :shock:
Comparing a handful of favorite ALL LEVERAGED ETFs, percentages
15 min, 20 days
717nugt.png.png
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Re: 07/17/2019 Live Update

Postby te_fern » Wed Jul 17, 2019 12:47 pm

Hit the 2990, maybe forming a small HnS formation now???/
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Re: 07/17/2019 Live Update

Postby Al_Dente » Wed Jul 17, 2019 12:48 pm

Often you can see it coming in miners, as the GDX/GLD ratio (bottom panel) tends to lead
5min
717gdx ratio.png.png
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Re: 07/17/2019 Live Update

Postby Al_Dente » Wed Jul 17, 2019 1:24 pm

top trades at fidelity today, few minutes delayed
717fidelity.png.png
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Re: 07/17/2019 Live Update

Postby Al_Dente » Wed Jul 17, 2019 2:15 pm

CSX
seriously
"The CEO of railroad giant CSX says he’s baffled by the U.S. economy"
https://www.marketwatch.com/story/the-c ... =rss&rss=1
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Re: 07/17/2019 Live Update

Postby BullBear52x » Wed Jul 17, 2019 2:26 pm

1 min up to an Hourly = sell the rips

NYMO and NAMO gone RED today. Bulls need to take precaution.

68.1% is not that far out.
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Re: 07/17/2019 Live Update

Postby BullBear52x » Wed Jul 17, 2019 2:35 pm

Top reversal confirmation today, see last fail one (the lower one) where to put a stops. If you are swing traders this is a sell signal that triggers. at this junction odds are with da bears.
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Re: 07/17/2019 Live Update

Postby Trades with cats » Wed Jul 17, 2019 2:53 pm

ES 09-19 (15 Minute) 2019_07_17 (12_50_11 PM).png

Stuck in the middle again.
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Re: 07/17/2019 Live Update

Postby BullBear52x » Wed Jul 17, 2019 2:57 pm

Trades with cats wrote:
ES 09-19 (15 Minute) 2019_07_17 (12_50_11 PM).png

Stuck in the middle again.

2000 contacts sell volume under 93ish will be fun :D
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Re: 07/17/2019 Live Update

Postby Al_Dente » Wed Jul 17, 2019 3:02 pm

HAPPY HOUR
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Re: 07/17/2019 Live Update

Postby BullBear52x » Wed Jul 17, 2019 3:06 pm

supports
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Re: 07/17/2019 Live Update

Postby Al_Dente » Wed Jul 17, 2019 3:07 pm

Wednesday July 17 after the close: IBM, EBAY, NFLX
Thursday July 18 before the open: MS, UNH, UNP, TSM
Thursday July 18 after the close: MSFT, ETFC,
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Re: 07/17/2019 Live Update

Postby Al_Dente » Wed Jul 17, 2019 3:12 pm

[SAVE FOR LATER]
This is the Opiod report that we’ve been waiting for:
“…data showed big pharmaceutical companies pumped 76 billion oxycodone and hydrocodone pills from 2006 through 2012 into nearly every zip code across the country....six companies distributed 75% of all the painkillers during the six years: McKesson Corp. (MCK) , Walgreens (WBA), Cardinal Health (CAH), AmerisourceBergen (ABC), CVS, and Walmart (WMT).”
zh “The harsh truth behind the ARCOS data is that it's not Mexico and China who are responsible for the opioid crisis, as the … admin likes to scapegoat frequently, it's …big pharma…without government doing a damn thing about it.”
https://www.zerohedge.com/news/2019-07- ... to+zero%29

Drug Dealers chart, daily
717dealers.png
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Re: 07/17/2019 Live Update

Postby Trades with cats » Wed Jul 17, 2019 3:24 pm

Worthless comments:
IBM They lost the battle of the cloud surviving on buybacks but unlike the leader in that strategy (Apple) they don't have a huge war chest.

Netflix forward guidance and Q&A could be really really ugly. The doomer scenario is playing out as the providers of their most watched content (reruns of Friends, The Office etc) refuse to renew licencing and are introducing their own services. It has taken a long time but the view that this is just another silicon valley debt pozi tied up with a glitzy bow could become popular with money managers.

Microsoft chart is popular as an example of parabolic. It's continued vertical rise I assume is dependent on them proving they will beat Amazon in cloud and the very high 40% cloud margins will continue as it becomes a mature segment and every corporate data center is closed. All perfectly reasonable assumptions.

You are correct in assuming that I see the tech industry as a giant rerun of the earlier Greenspan liquidity flush creating pointless profitless startups. But from the ashes of Pets.com 2.0 some great opportunities will arise.
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Re: 07/17/2019 Live Update

Postby Cobra » Wed Jul 17, 2019 3:31 pm


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Re: 07/17/2019 Live Update

Postby Trades with cats » Wed Jul 17, 2019 3:32 pm

ES 09-19 (2000 Tick) 2019_07_17 (1_26_39 PM).png

Now that the day is over I figured out I needed to draw the lower leg of the channel and move it up. Some days I am a bit slow.

Should be lots of Elliot Wave chatter now that we have some impulse down move. Also lots of low volume up the first couple of days in July sort of like rotten floor boards for the bulls.
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Re: 07/17/2019 Live Update

Postby BullBear52x » Wed Jul 17, 2019 3:34 pm

last sell rip still managed to get new LOD, buyers are no where to be found, but no waterfalls as I hoped for, I am done today. Peace!
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