06/23/2016 Live Update

[MrMiyagi]

SPY:

$209.74 from yesterday hit
$210.12 from 13/06 hit ($210.24 remains)

[fehro]

becky.png.png

[Daniel]

NYSE TICK has been mostly positive this morning. FWIW

It's worth everything, JFR, or at least most everything. A wise man once said, "Never short a security against an upslope cumulative tick"... it's a good rule, best ignored only when there are other compelling reasons.

[MrMiyagi]

spy

[fehro]

SPX .. struggles still here at resistance.. new HOD, but VIX no new LOD
mind SPX open gap 2110-15ish need VIX new LOD .. then looking for SPX gap fill

VIX new LOD.. takes out 17.50.. look out above Indexes

[JFR]

NYSE TICK has been mostly positive this morning. FWIW

It's worth everything, JFR, or at least most everything. A wise man once said, "Never short a security against an upslope cumulative tick"... it's a good rule, best ignored only when there are other compelling reasons.

It has our attention, Daniel. Go with the TICK.

[JFR]

Speaking of which ...

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2016/06 ... ay-update/

[JFR]

KEN SHREVE

The stock market was nicely higher in morning trading Thursday, as Wall Street seemed confident that the U.K. would end up staying in the European Union. The results of the referendum will be out well after the U.S. markets close.

Early gainers in the Dow included JPMorgan (JPM) and Goldman Sachs (GS), up 2% and 2.5%, respectively. Home Depot (HD) was fractionally higher after climbing as much as 1.2% on a Nomura upgrade to buy from neutral and a price target hike to 155 from 140. -- IBD

Brexit Schmexit.

Looks like they are going to chicken out. Much to do about nothing, aside from wailing and gnashing of teeth, and market turmoil. It seems to me the primary issue was immigration (Leave) vs economy (Stay).

[fehro]

SPX gaps up over 2120 tomorrow.. look for 2200 fast .. maybe by early July possible before the July 4th weekend.. nuts I know … break above 16months of sideways.. will be very very violent up. Looking for possible +20 to 60 point move in the SPX tomorrow.. yeah I know nuts.. on BREMAIN. Lottos SPY C in position.. of course looking to SPY lotto P if we close higher at HOD.. as well.

[Cobra]

testing breakout point and ema20, should be some buyers here.

[Wallstreetrader]

Will be you one?
Will be back next week rest of the day party weekend... bye

[JFR]

Gap up, into a range.

[Daniel]

QQQ threatening new HOD.

IWM, RSP not close. Mixed msg.

[JFR]

EUR.USD and GBP.USD

Is that it? Is that all she wrote? Is the excitement over?

Whether to go. Whether to stay.

"To be, or not to be? That is the question" -- Hamlet

[Al_Dente]

ALL-NIGHTER.
"All the trading desks are in war-preparation mode.… and volumes to potentially overwhelm them and their systems.
JPMorgan has booked hotel rooms near its Canary Wharf offices, while Barclays is bringing in sleeping bags and even sending some employees home today so they can be fresh for later on.
As FX trades 24 hours a day, traders will need to be tuned in throughout the entire process.

Major banks in North America are planning to staff their FX and rates desks straight through the night as results come in.

Bloomberg reports, Enda Homan, a senior FX trader in Dublin can't wait to pull an all-nighter, and will be glued to his screens through dawn. "It is a unique opportunity for traders, probably not seen since 1992 Black Wednesday.

According to Barclays, about $140 billion in cash is waiting to be invested, with investors' holdings of cash the highest since 2001 according to a BofA survey.

"Much of the frantic last-minute activity will take place in the hour or two before the early results emerge, meaning that UK bank staff will work closely with their counterparts in Asia, the open market at the time, to roll or adjust whatever hedge needs to be maintained"

[JFR]

3 hours to vote closing on Brexit. Will volatility ramp up as the time nears?

[MrMiyagi]

NYMO at +19.21, down 5 or so from day highs.

[Daniel]

210 SPY, 108.20 QQQ.. these are the battle zone. Breakout points, still being tested, still holding.. and the outcome in doubt.

[Al_Dente]

Reuters calls tomorrow FREAKY FRIDAY
We all know Brexit, but also RUSSELL 2000 is set to do their annual index adjustment , in which stocks are added to and subtracted from the Russell 2000 small company and Russell 1000 large company indexes. This typically produces the year's highest volumes.
“The Russell announcement is expected after the market close on Friday. There will be heavier-than-usual after-market trading then, as index manages race to adjust their portfolios so they can track their index benchmarks starting on Monday morning.”
http://www.reuters.com/article/us-usa-s ... SKCN0Z91U3