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06/29/2017 Live Update

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Al_Dente
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Re: 06/29/2017 Live Update

Post by Al_Dente »

Should be just a “dead cat” bounce up to declining MAs
But squeeze potential EVERYWHERE (except Q?) as bears race to cover and lock in their hard-won profits
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: 06/29/2017 Live Update

Post by Cobra »

rebound to fib 38.2%, might be more. the rebound could be 2 legged.
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Al_Dente
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Re: 06/29/2017 Live Update

Post by Al_Dente »

eg: UVXY lost 1.5 points
covering
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 06/29/2017 Live Update

Post by Al_Dente »

Big Tech, stacked, daily
50ema in blue (per daniel’s earlier blogosphere note)
Not on this chart: MUST CHECK VOLUME ON EACH ONE AT EOD, that’s the key
629agmaf day.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
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Re: 06/29/2017 Live Update

Post by Trades with cats »

Super Mario articulated that the rules have changed. That was very clear. We will get more confirmation and guidance at the G-20 next week. Should be lots and lots of ink spilled by clever people over the next couple of weeks with new ideas on how to play things, but today makes it clear, this is a new game. Not saying bear, just saying this is a new game. It is called a rising rate environment. This isn't Andy Jackson defending New Orleans either, the market won't wait to see the rise, it is moving because it believes it is coming.

We have had how many talks from the Fed over the last 30 or 45 days or so prepping us for the big news. Everybody has told us that they expect markets to drop, that markets are overpriced, running on fumes and that the drop will not turn into a crisis. Now we have the main message, we are all needing to do this and they do not want George Soros to take advantage and make a second fortune. Seems like a reasonable way out of a really ugly situation.

Remember the taper tantrum? They are presenting even more devastating news and guess what, so far just a little whining from the markets.
Heck
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Re:

Post by Heck »

MrMiyagi wrote:Might be a decent spot to go long here, if you have spare funds.
Nice one
Daniel
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Re: 06/29/2017 Live Update

Post by Daniel »

Daniel wrote:IWM dancing just above and below its 20day MA here (ca140.50)
IWM holding above it now, but cannot grasp the distinction of being the only major index to cross its 15min 20ema to the upside. SPY has failed, and QQQ never even came close.

IWM @ ca140.70
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Al_Dente
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Re: 06/29/2017 Live Update

Post by Al_Dente »

Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
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Re: 06/29/2017 Live Update

Post by fehro »

bulls see invs H&S for a sharp up move.. or triangle..
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tsf
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Re:

Post by tsf »

Your market calls have been quite good, Mr M ! :D

MrMiyagi wrote:Might be a decent spot to go long here, if you have spare funds.
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Al_Dente
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Re: 06/29/2017 Live Update

Post by Al_Dente »

FYI, FWIW
Smalls 5min
The bb52x bolinger: sometimes it’s spot on
Sometimes price ignores it for a bit (like yesterday)
Cyan circles
628bol 5.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 06/29/2017 Live Update

Post by Al_Dente »

dang, even the weakling QQQ is attempting intraday higher lows
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Junior Buffett
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Re: 06/29/2017 Live Update

Post by Junior Buffett »

LOL...BEARS are done...short lived happiness...back to business..like I said, this BULL is the most mighty even experienced in history..2500 next on S & P
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Cobra
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Re: 06/29/2017 Live Update

Post by Cobra »

rebound to fib 50%. should still have legs.
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MrMiyagi
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Post by MrMiyagi »

GO JANET GO YOU OLD BAG!!!!
Daniel
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Re: 06/29/2017 Live Update

Post by Daniel »

Cobra wrote:rebound to fib 50%. should still have legs.
SPY still struggling w that level.
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Cobra
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Re: 06/29/2017 Live Update

Post by Cobra »

maybe a little bit bigger pullback this time as i see expanding triangle.
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fehro
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Re: 06/29/2017 Live Update

Post by fehro »

trying to paint them pretty :roll:
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Cobra
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Re: 06/29/2017 Live Update

Post by Cobra »


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Cobra
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Re: 06/29/2017 Live Update

Post by Cobra »

well, guess that's it for today. Friday tomorrow has been generally bull friendly. thank you guys, I'll see you tomorrow.

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