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08/24/2017 Live Update

Re: 08/24/2017 Live Update

Postby Al_Dente » Thu Aug 24, 2017 2:18 pm

GDX approaches double top
60 min
824gdx dt.png.png
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Re: 08/24/2017 Live Update

Postby Al_Dente » Thu Aug 24, 2017 2:39 pm

Amazon announced moments ago … it will cut prices at Whole Foods once the deal closes (Monday).
[edit: WMT hates that]
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Re: 08/24/2017 Live Update

Postby Al_Dente » Thu Aug 24, 2017 2:44 pm

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
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Re: 08/24/2017 Live Update

Postby Al_Dente » Thu Aug 24, 2017 2:58 pm

WH presser: the Huckabee kid
live now
https://www.youtube.com/watch?v=t24dPnYOw8s
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Re: 08/24/2017 Live Update

Postby Al_Dente » Thu Aug 24, 2017 3:00 pm

HAPPY HOUR
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Re: 08/24/2017 Live Update

Postby Daniel » Thu Aug 24, 2017 3:14 pm

Fehro has drawn my attention to the ongoing Transports carnage. I'm noting IYT at a fresh multi-month low today.
:|
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Re: 08/24/2017 Live Update

Postby fehro » Thu Aug 24, 2017 3:15 pm

/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
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Re: 08/24/2017 Live Update

Postby Daniel » Thu Aug 24, 2017 3:16 pm

However, IYT is also now sufficiently stretched from its 50day that by many metrics it is oversold...
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Re: 08/24/2017 Live Update

Postby fehro » Thu Aug 24, 2017 3:19 pm

Daniel wrote: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
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Re: 08/24/2017 Live Update

Postby Daniel » Thu Aug 24, 2017 3:24 pm

GLD, SLV, PALL all down on the day, yet their miners (ETFs like gdx, gdxj, sil, remx) are all solidly up today. Hmm.
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Re: 08/24/2017 Live Update

Postby brokebybernacke2 » Thu Aug 24, 2017 3:25 pm

Daniel wrote: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.
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Re: 08/24/2017 Live Update

Postby fehro » Thu Aug 24, 2017 3:31 pm

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Re: 08/24/2017 Live Update

Postby Al_Dente » Thu Aug 24, 2017 3:34 pm

"Amazon Prime members will get special discounts at Whole Foods"
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Re: 08/24/2017 Live Update

Postby Cobra » Thu Aug 24, 2017 3:41 pm


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Re: 08/24/2017 Live Update

Postby Daniel » Thu Aug 24, 2017 3:42 pm

brokebybernacke2 wrote:
Daniel wrote: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. :?:
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Re: 08/24/2017 Live Update

Postby Cobra » Thu Aug 24, 2017 3:44 pm

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
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Re: 08/24/2017 Live Update

Postby fehro » Thu Aug 24, 2017 4:01 pm

Daniel wrote:
brokebybernacke2 wrote:
Daniel wrote: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 :roll:
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Re: 08/24/2017 Live Update

Postby brokebybernacke2 » Thu Aug 24, 2017 4:34 pm

fehro wrote:
Daniel wrote:
brokebybernacke2 wrote:
Daniel wrote: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 :roll:


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