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08/24/2017 Live Update

08/24/2017 Live Update

Postby Cobra » Thu Aug 24, 2017 9:21 am

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now let's see if bears can make a lower high here therefore declare the rebound was over. I say 50% chances.
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Re: 08/24/2017 Live Update

Postby Cobra » Thu Aug 24, 2017 9:23 am


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Re: 08/24/2017 Live Update

Postby Trades with cats » Thu Aug 24, 2017 9:35 am

Oil- And here we have the uncontrollable random force of nature shutting down the heart of the import, production and refining reigon for a couple of days or several weeks, too soon to tell.
http://www.zerohedge.com/news/2017-08-24/hurrican-harvey-set-wreak-havoc-texas-crude-production-and-refining-capacity
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Re: 08/24/2017 Live Update

Postby brokebybernacke2 » Thu Aug 24, 2017 9:44 am

market feels ripe for a decent move..
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Re: 08/24/2017 Live Update

Postby fehro » Thu Aug 24, 2017 9:48 am

SPX takes out 2440ish yLOD -- looking to Tues' 2434-2424 open gap
Last edited by fehro on Thu Aug 24, 2017 9:58 am, edited 1 time in total.
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Re: 08/24/2017 Live Update

Postby brokebybernacke2 » Thu Aug 24, 2017 9:49 am

fehro wrote:SPX takes out 2440ish yLOD (2436) -- looking to Tues' 2434-2424 open gap


careful, vix not confirming slippage ...yet
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Re: 08/24/2017 Live Update

Postby Al_Dente » Thu Aug 24, 2017 9:52 am

Yesterday’s July New Home Sales collapsed down -9.4% MoM vs consensus +0.5%
10 am ET today = Existing Home Sales for July. Consensus is +5.57 million units for July, or up +0.9% MoM
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Re: 08/24/2017 Live Update

Postby Trades with cats » Thu Aug 24, 2017 9:57 am

ES 09-17 (1000 Tick)  8_24_2017.jpg
I was not expecting that. Thought yesterday's VWAP would hold, looking at consolidation forming a base for up. Cobra is of course right, things just may have changed. London/Frankfurt bull move erased in 30 minutes. Escalator up, elevator down.
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Re: 08/24/2017 Live Update

Postby Cobra » Thu Aug 24, 2017 10:01 am


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Re: 08/24/2017 Live Update

Postby Trades with cats » Thu Aug 24, 2017 10:02 am

On twitter the question of the hour, can anyone remember a sell off going into a central banker event? :twisted: :lol:
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Re: 08/24/2017 Live Update

Postby fehro » Thu Aug 24, 2017 10:04 am

brokebybernacke2 wrote:
fehro wrote:SPX takes out 2440ish yLOD (2436) -- looking to Tues' 2434-2424 open gap


careful, vix not confirming slippage ...yet


be very careful here.. key time it goes.. potential 2405 SPX /CL hit hard <20w SMA already <20d/200d/50w
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Re: 08/24/2017 Live Update

Postby Trades with cats » Thu Aug 24, 2017 10:12 am

What ever that was it was world wide. http://finviz.com/futures_charts.ashx?t=INDICES&p=m5
Nice move up on the VIX as well. So far not a good day for all those volatility sellers.
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Re: 08/24/2017 Live Update

Postby johnnywa » Thu Aug 24, 2017 10:21 am

Why are small caps refusing to go down :?:
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Re: 08/24/2017 Live Update

Postby Trades with cats » Thu Aug 24, 2017 10:48 am

johnnywa wrote:Why are small caps refusing to go down :?:

They already did. Weakest major average.Never rallied as far as the large caps last week. Major moves down have only seen 50% retrace while large caps have been at close to 75%. IF market is putting in a bottom (Go Central Bankers !!!) they have the most ground to recover.
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Re: 08/24/2017 Live Update

Postby brokebybernacke2 » Thu Aug 24, 2017 10:52 am

Trades with cats wrote:
johnnywa wrote:Why are small caps refusing to go down :?:

They already did. Weakest major average.Never rallied as far as the large caps last week. Major moves down have only seen 50% retrace while large caps have been at close to 75%. IF market is putting in a bottom (Go Central Bankers !!!) they have the most ground to recover.


yep, yellen and draghi determine the next good move...
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Re: 08/24/2017 Live Update

Postby Trades with cats » Thu Aug 24, 2017 10:55 am

ES Yesterday's VWAP (2440) doing a better job as a strong attractor this time. Market barely paused here earlier.
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Re: 08/24/2017 Live Update

Postby Trades with cats » Thu Aug 24, 2017 11:10 am

Weather service saying Harvey is growing fast. Sounding like it is time to get off those Galveston beaches!
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Re: 08/24/2017 Live Update

Postby Trades with cats » Thu Aug 24, 2017 11:17 am

Found the reason for the rocky market today. It is a 200 year anniversary.
Image
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Re: 08/24/2017 Live Update

Postby brokebybernacke2 » Thu Aug 24, 2017 11:24 am

higher low sp ? smallies up nearly .5 %...hmmm
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Re: 08/24/2017 Live Update

Postby Cobra » Thu Aug 24, 2017 11:31 am

100% mm then this bear may still have legs, otherwise going nowhere.
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