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07/07/2017 Live Update

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Cobra
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Re: 07/07/2017 Live Update

Post by Cobra »

this bull shall have legs.
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te_fern
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Re: 07/07/2017 Live Update

Post by te_fern »

Second degree support of Cobra, tick is now showing up!
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Daniel
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Re: 07/07/2017 Live Update

Post by Daniel »

Naz advancers very robust >1900, and pressing on HOD.
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Cobra
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Re: 07/07/2017 Live Update

Post by Cobra »


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te_fern
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Re: 07/07/2017 Live Update

Post by te_fern »

Stuck at yesterday's open (not clear on this chart). Need to move higher to start closing the gap!
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te_fern
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Re: 07/07/2017 Live Update

Post by te_fern »

Moving average lines just went positive though, so maybe it will make it!!
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Daniel
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Re: 07/07/2017 Live Update

Post by Daniel »

xlf/fas at or near HOD (XLF into its R1 level, ca25.07)

Banks, financials have been a strong sector recently.

Really strong dog today-- semis
te_fern
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Re: 07/07/2017 Live Update

Post by te_fern »

It would help the levered Financials to break this line!
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Wallstreetrader
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Re: 07/07/2017 Live Update

Post by Wallstreetrader »

out of longs ...
vix above mm50 concerns me
have a great weekend guys
Daniel
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Re: 07/07/2017 Live Update

Post by Daniel »

te_fern wrote:It would help the levered Financials to break this line!
Indeed. And it would help SPX/DJIA/Value-indexes etc. if they would.

Steady lift from a rotation into banks and value, some money rotating in as it flees bonds... perhaps the market can correct over the summer by sideways drift...
te_fern
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Re: 07/07/2017 Live Update

Post by te_fern »

And its pushing through....
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Trades with cats
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Re: 07/07/2017 Live Update

Post by Trades with cats »

Bank earnings reports start next week don't they?

One of Bob Farrell's 10 rules :

4. Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways.
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Cobra
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Re: 07/07/2017 Live Update

Post by Cobra »

bias is up.
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Cobra
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Re: 07/07/2017 Live Update

Post by Cobra »

pullback will be bought
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Al_Dente
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Re: 07/07/2017 Live Update

Post by Al_Dente »

WARNING
Predatory algos flash crashed silver… futures were halted last night
No problem… just a “glitch”
“If a group of competing algos were stop hunting during thinly traded markets as they commonly do, then it is conceivable that their races to sell- trigger stops-cover (rinse repeat) could have created a snowball effect of self reinforcing momentum.”
“nanosecond deluge of selling”
“this type of increasing activity is undermining the integrity of its markets”
http://www.zerohedge.com/news/2017-07-0 ... kg-comment
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: 07/07/2017 Live Update

Post by Al_Dente »

HAPPY HOUR
Image
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te_fern
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Re: 07/07/2017 Live Update

Post by te_fern »

SPX is rolling over into the close...
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Daniel
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Re: 07/07/2017 Live Update

Post by Daniel »

Al_Dente wrote:Predatory algos flash crashed silver… futures were halted last night
SLV still down >3% today, on huge volume
Wallstreetrader
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Re: 07/07/2017 Live Update

Post by Wallstreetrader »

got sell signal into my phone... break below 23 could accelerate the sell.
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Re: 07/07/2017 Live Update

Post by Daniel »

te_fern wrote:And it (FAS) is pushing through....
Actually FAS/XLF both pulled back from intraday highs, and are forming a doji and an inside day, all within the range of the first day of the week. So no strong clue as to next week can be sought from this sector.
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