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01/04/2017 Live Update

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JFR
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Re: 01/04/2017 Live Update

Post by JFR »

NYSE TICK
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fehro
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Re: 01/04/2017 Live Update

Post by fehro »

SPX still struggles at green trend 60m, bull flag. VIX perks up a tad.
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Al_Dente
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Re: 01/04/2017 Live Update

Post by Al_Dente »

Another new high on junk HYG and JNK: “Risk On” (folks aren’t too worried about junk defaults)
PSCF small-cap financials, breakout new high yesterday and another new high today
$BKX all domestic banks, testing resistance again, dying to breakout to new high
AXP the plastic bank, breakout new high today (Visa not)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 01/04/2017 Live Update

Post by Cobra »

testing ema20 finally, should be some buyers around here.
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BullBear52x
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Re: 01/04/2017 Live Update

Post by BullBear52x »

SPX no new high, Mid term is back into sell the rip zone.

over bought short term also but will see how this buy goes.
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short term trading range.
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BullBear52x
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Re: 01/04/2017 Live Update

Post by BullBear52x »

Time to extend a vacation?
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Al_Dente
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Re: 01/04/2017 Live Update

Post by Al_Dente »

BullBear52x wrote:Time to extend a vacation?
boss as soon as u go fishing, one of these catalysts will kick in :roll:
FOMC minutes (today 2pm ET)
US Dec jobs (Fri 8:30am ET)

POTENTIAL CATALYSTS for next week (the week of 1/9):
Earnings season unofficially begins Monday 1/9 with all eyes on AA reporting
It kicks into high gear on Friday 1/13 with bank reports from BAC, JPM, PNC, WFC…
Banks have been the darlings of the post-election rally, so their EPS reports will be fine-tooth-combed for clues
Here’s a bank watch:
https://stockcharts.com/freecharts/cand ... XP,HYG|M|0
Obama speaks Tues 1/10,
Trump speaks Wed 1/11,
Yellen speaks Thurs 1/12
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
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Re: 01/04/2017 Live Update

Post by Trades with cats »

T minus 12 and counting.
I don't expect much, but since the algos started the day with a stop run it could be something.
Fed is no longer running the show, they are back to what they have always done, making pronouncements after the market has moved. So since the market priced in this last action in advance I don't see what difference some additional comments will make. Maybe more threats about raising rates if congress goes fore "shovel ready"?
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BullBear52x
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Re: 01/04/2017 Live Update

Post by BullBear52x »

Al_Dente wrote:
BullBear52x wrote:Time to extend a vacation?
boss as soon as u go fishing, one of these catalysts will kick in :roll:
FOMC minutes (today 2pm ET)
US Dec jobs (Fri 8:30am ET)

POTENTIAL CATALYSTS for next week (the week of 1/9):
Earnings season unofficially begins Monday 1/9 with all eyes on AA reporting
It kicks into high gear on Friday 1/13 with bank reports from BAC, JPM, PNC, WFC…
Banks have been the darlings of the post-election rally, so their EPS reports will be fine-tooth-combed for clues
Here’s a bank watch:
https://stockcharts.com/freecharts/cand ... XP,HYG|M|0
Obama speaks Tues 1/10,
Trump speaks Wed 1/11,
Yellen speaks Thurs 1/12
AA is no longer a big news of late. I am watching TSLA, BA, INTC their sectors will be talk of town in 2017 me think. my stand on these guys currently bullish on BA and INTC, bearish on TSLA.

on Politics side of thing, it will be a miracle if TRUMP can get us out of the financial FED mess. but Trump is a miracle on whatever he TWEET by far :lol: :roll: :roll: :roll: ( Politics and religion talk make bad investment decision, Beer and good drink talk oyeah!)
My comments are for entertainment/educational purpose only. NOT a trade advice.
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BullBear52x
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Re: 01/04/2017 Live Update

Post by BullBear52x »

I will chase down, no failure allowed.
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Al_Dente
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Re: 01/04/2017 Live Update

Post by Al_Dente »

o *FED OFFICIALS WEIGH UPSIDE RISKS TO GROWTH FROM FISCAL POLICY
o *MANY OFFICIALS STRESSED UNCERTAINTY ON FISCAL POLICY EFFECTS
o *FED OFFICIALS SAW BUSINESSES MORE OPTIMISTIC ON OUTLOOK
o *ABOUT HALF OF FED OFFICIALS INCLUDED FISCAL POLICY IN FORECAST
o *ALMOST ALL FED OFFICIALS EXPECTED LABOR MARKET OVERSHOOT
o *MANY OFFICIALS JUDGED FED MIGHT NEED TO RAISE RATES FASTER
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
brokebybernacke2
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Re: 01/04/2017 Live Update

Post by brokebybernacke2 »

BullBear52x wrote:I will chase down, no failure allowed.
was thinking a gap fill down there first b4 we finally break this level on the up...maybe by jobs report..
Trades with cats
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Re: 01/04/2017 Live Update

Post by Trades with cats »

brokebybernacke2 wrote: was thinking a gap fill down there first b4 we finally break this level on the up...maybe by jobs report..
They (BLS) are supposed to back out all seasonal adjustments once a year. They have no political pressure from administration (not being partisan, both sides do it) to make it look good. To make it more difficult Dec and Jan are real wild card months because of all the seasonal hiring and firing. I think it was January or Feb last year where the adjustments were larger than the raw number. Just saying upcoming jobs reports could be more Vegas than anything else.
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BullBear52x
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Re: 01/04/2017 Live Update

Post by BullBear52x »

buy stop
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Cobra
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Re: 01/04/2017 Live Update

Post by Cobra »

possible 3 push up, pullback due?
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fehro
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Re: 01/04/2017 Live Update

Post by fehro »

SPX struggling.. VIX support holds..
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Al_Dente
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Re: 01/04/2017 Live Update

Post by Al_Dente »

HAPPY HOUR
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BullBear52x
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Re: 01/04/2017 Live Update

Post by BullBear52x »

Counter trend sell.
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daytradingES
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Re: 01/04/2017 Live Update

Post by daytradingES »

I had a nap.. miss much?
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Good trading to all
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Al_Dente
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Re: 01/04/2017 Live Update

Post by Al_Dente »

THIS IS NOT ESSENTIAL READING, but the GFCI stuff (below) is interesting
There is a fight going on over who will grab all the financial jobs [possibly 20,000 jobs] as they exit the UK once Brexit kicks in.
French lobbyist group quoted here, so … grain of salt… and…
“France has nevertheless long lagged behind the U.K. and Germany as an international hub for banking.
The country is perceived as hostile to financial companies and ranks 29th in the Global Financial Centres Index (GFCI), only one spot above Casablanca.”
https://www.bloomberg.com/news/articles ... 010317_BIZ
and
http://www.telegraph.co.uk/business/201 ... hin-weeks/

The Global Financial Centres Index (GFCI) study, published every six months, provides profiles, rating and rankings for 86 financial centres. The index rates each financial center on a scale of 1,000 points and considers five areas of competitiveness, such as the business environment, development of the financial sector, infrastructure, quality of labor force and regulations.
Here’s the latest study from Sept 2016
http://www.longfinance.net/global-finan ... kings.html
Last edited by Al_Dente on Wed Jan 04, 2017 4:37 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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