08/07/2015 Live Update

[fehro]

SPX 2067.64 bottom of gap not quite yet.. VIX into 5 week downtrend.. looking for a bounce.. may dabble long soon

[fehro]

$BTK biotechs weekly.. a tad ugly

[joeynickels]

$BTK biotechs weekly.. a tad ugly

Nice chart. Like.

[Trades with cats]

Game Theory struggle for next couple of weeks. Jobs number wasn't bad enough and the Fed even unleashed the Hilsinrath an hour before the announcement to make clear that a bad number would not stop Aunt Janet's rate hike. Goldman who it is often reported controls the NY Fed keeps publishing that the hike is no sooner than December. The propaganda war is heating up with the paper of record (Wall Street Journal) writing that the 0.25 rate hike will guarantee a recession.

Lockhart, Atlanta Fed, speaks Monday morning. Dudley, NY Fed speaks Wednesday morning. In a week and a half (Aug 19th) Fed meeting minutes come out.

[MrMiyagi]

qqq

spy

[Al_Dente]

Sentiment:
Fear
red
Yes

[Al_Dente]

Short-term relative strength
Relatively speaking, the top three sectors were green; they are now no longer green

[Cobra]

members only update at 11:42 am
http://www.cobrasmarketview.com/2015/08 ... day-update

[MrMiyagi]

SPX keeps dropping under the 200sma. At a point, maybe even now, this is just not going to hold and it will be a waterfall down scenario.

[Trades with cats]

It is a Friday afternoon in August. Everybody important is gone or leaving early. Besides, how many late Friday sell offs have been reversed Sunday night with a handful of futures contracts? Not that I won't dabble with a short, just not going to hold over the weekend, especially now that we have a really nice ABC correction in place.

[fehro]

SPX almost filled gap .. dabble a long here

[MrMiyagi]

[Cobra]

consolidation or double bottom, wait to see.

[Cobra]

now it looks more like a descending triangle than double bottom. the lower blue line unlikely would hold another test.

[fehro]

1442.png

1441.png

so lets talk pbars.. dark pool large block trades, are supposed to be reported within 30sec of execution of the full block. So one desk sells to another.. 501,449 block share.. 501,000 yesterday... but the last odd part 449 was just executed today.. then report trade 30sec later.. so..a pbar pops today.. at yesterday's price / or earlier price. ... still following the "rules". Kinda explains what is going on.

[MrMiyagi]

so lets talk pbars.. dark pool large block trades, are supposed to be reported within 30sec of execution of the full block. So one desk sells to another.. 501,449 block share.. 501,000 yesterday... but the last odd part 449 was just executed today.. then report trade 30sec later.. so..a pbar pops today.. at yesterday's price / or earlier price. ... still following the "rules". Kinda explains what is going on.

Now I just need the explanation of why these targets get "hit", and often SPY price turns when they get tagged.
Also, why is it that only one broker platform shows these?

[MrMiyagi]

Hmm... I think this is the intraday bottom and range. But what do I know

[fehro]

so lets talk pbars.. dark pool large block trades, are supposed to be reported within 30sec of execution of the full block. So one desk sells to another.. 501,449 block share.. 501,000 yesterday... but the last odd part 449 was just executed today.. then report trade 30sec later.. so..a pbar pops today.. at yesterday's price / or earlier price. ... still following the "rules". Kinda explains what is going on.

Now I just need the explanation of why these targets get "hit", and often SPY price turns when they get tagged.
Also, why is it that only one broker platform shows these?

Could be the levels the big boys are playing between, and determine the direction.. so selling couple days ago at 210.34 say 8 million shares.. then covering today.. (don't show up till monday) 207.38. Then push back up to that level just to do it again.. or something close.... but the large blocks millions shares "stops" the climb or fall based on where the Market makers want it to go?.. Sets the levels.. just based on the huge volume .. no matter how hard the market tries to push through it.. pure speculation on my part. one platform? Yellen uses TD!

[QED]

so lets talk pbars.. dark pool large block trades, are supposed to be reported within 30sec of execution of the full block. So one desk sells to another.. 501,449 block share.. 501,000 yesterday... but the last odd part 449 was just executed today.. then report trade 30sec later.. so..a pbar pops today.. at yesterday's price / or earlier price. ... still following the "rules". Kinda explains what is going on.

Now I just need the explanation of why these targets get "hit", and often SPY price turns when they get tagged.
Also, why is it that only one broker platform shows these?

MrMiyagi, there are two that I know of. Schwab is one, and I think the other one is Lightspeed (https://www.lightspeed.com).

If the trade is routed through a trade desk outside of the United States, they have up to 24 hours to report the trade. GS does this all of the time using their European trading desks to delay reporting. In fact, GS was one or the original firms that were instrumental in creating dark pools, which kept other players from following their trades too quickly. The also helped write the rules …


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[fehro]

possible minor H&S SPX 5m.. VIX weakening