08/24/2017 Live Update

[Al_Dente]

GDX approaches double top
60 min

[Al_Dente]

Amazon announced moments ago … it will cut prices at Whole Foods once the deal closes (Monday).
[edit: WMT hates that]

[Al_Dente]

WMT is the worst performer in the dow INTRADAY
Hit hard in the OEX are, in order of worst red INTRADAY:
COST
TGT
CVS
MDLZ
WMT
WBA

[Al_Dente]

WH presser: the Huckabee kid
live now
https://www.youtube.com/watch?v=t24dPnYOw8s

[Al_Dente]

HAPPY HOUR

[Daniel]

Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.

[fehro]

/CL weak <20w50w/200d/20d… 50d SMA just a buck lower… daily bear flag.. weekly candle ugly.. 50d SMA 46.72 look to 43.50, then 42.00, themn 39.45

[Daniel]

However, IYT is also now sufficiently stretched from its 50day that by many metrics it is oversold...

[fehro]

Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.

50w SMA near TRANSports LOD… yup ugly .. weekly

[Daniel]

GLD, SLV, PALL all down on the day, yet their miners (ETFs like gdx, gdxj, sil, remx) are all solidly up today. Hmm.

[brokebybernacke2]

Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.

not pretty but not really in jeopardy, just yet..8500 level scarier.

[fehro]

too funny

https://mishtalk.com/2017/08/24/swell-bernanke-to-give-keynote-speech-at-october-cryptocurrency-event/

[Al_Dente]

"Amazon Prime members will get special discounts at Whole Foods"

[Cobra]

members only update at 3:42 pm
http://www.cobrasmarketview.com/2017/08 ... ay-update/

[Daniel]

Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.

not pretty but not really in jeopardy, just yet..8500 level scarier.

Any multi-day closes below the 200day MA is scary, imo.
That said, the 200day is strongly upslope, and this is probably a better buy spot than sell spot, in the swing timeframe.

[Cobra]

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

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[fehro]

Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.

not pretty but not really in jeopardy, just yet..8500 level scarier.

Any multi-day closes below the 200day MA is scary, imo.
That said, the 200day is strongly upslope, and this is probably a better buy spot than sell spot, in the swing timeframe.

And now a close < 50w SMA

[brokebybernacke2]

Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.

not pretty but not really in jeopardy, just yet..8500 level scarier.

Any multi-day closes below the 200day MA is scary, imo.
That said, the 200day is strongly upslope, and this is probably a better buy spot than sell spot, in the swing timeframe.

And now a close < 50w SMA

yes, not pretty , but still some play i think, IYT imp level>>>