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08/30/2017 Live Update

Re: 08/30/2017 Live Update

Postby te_fern » Wed Aug 30, 2017 1:45 pm

Will it make it to resistance pivot 2 at 2462?
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Re: 08/30/2017 Live Update

Postby fehro » Wed Aug 30, 2017 1:49 pm

Monthly candles close tomorrow… spinning tops.. SPY QQQ DIA… IWM not pretty.. one day to go… mind the DXY USdollar.. on support on 50month SMA.. careful on your gold… /GC closes at 1290 or lower.. look for shooting star gold monthly
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Re: 08/30/2017 Live Update

Postby fehro » Wed Aug 30, 2017 1:50 pm

DXY daily 30m .. possible sharp bounce coming in the dollar.. mind 20d 93.21 downtrend.. then 50d 94.38.. gold could tank hard.. if DXY breaks out
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Re: 08/30/2017 Live Update

Postby QED » Wed Aug 30, 2017 1:59 pm

Trades with cats wrote:"... a bunch of people going long CL and short RBOB and getting handed their heads."

Those traders that were short RBOB last week either had never been to Houston, did not have any idea where it is, or had never looked at a pipeline map. :roll:
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Re: 08/30/2017 Live Update

Postby Trades with cats » Wed Aug 30, 2017 2:05 pm

Exactly, shorting RBOB at this point says I looked at the chart and I thought it was not going to hold at January highs. Just goes to show that short term price isn't everything, you have to be aware of what goes on in the world!
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Re: 08/30/2017 Live Update

Postby Trades with cats » Wed Aug 30, 2017 2:07 pm

On gasoline, with a stroke of the pen admin can suspend summer blend rules and open the flood gates for imports. They did it before.
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Re: 08/30/2017 Live Update

Postby Wallstreetrader » Wed Aug 30, 2017 2:37 pm

...
Last edited by Wallstreetrader on Wed Oct 11, 2017 12:21 pm, edited 1 time in total.
Bull Market No dought !
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Re: 08/30/2017 Live Update

Postby QED » Wed Aug 30, 2017 2:47 pm

Oops … it must be that new math!

"Best Buy says $42.96 bottled water near Houston was a big mistake."
https://www.usatoday.com/story/money/20 ... 616110001/
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Re: 08/30/2017 Live Update

Postby Al_Dente » Wed Aug 30, 2017 3:01 pm

HAPPY HOUR
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Re: 08/30/2017 Live Update

Postby Daniel » Wed Aug 30, 2017 3:02 pm

Naz advancers are very strong, but off the HOD. NYSE advancers are respectable--and right near the HOD.

Up down vol on Naz favors bulls 2/1; on NYSE more like 3/2.
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Re: 08/30/2017 Live Update

Postby brokebybernacke2 » Wed Aug 30, 2017 3:06 pm

Daniel wrote:Naz advancers are very strong, but off the HOD. NYSE advancers are respectable--and right near the HOD.

Up down vol on Naz favors bulls 2/1; on NYSE more like 3/2.


bulls winning ..again! ....possible big day up tomorrow if we hold round these levels...
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Re: 08/30/2017 Live Update

Postby Al_Dente » Wed Aug 30, 2017 3:20 pm

so this is why biotech, pharma has been so strong
are you faulking kidding me, 475k :o
http://www.zerohedge.com/news/2017-08-3 ... hs-surging
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Re: 08/30/2017 Live Update

Postby Trades with cats » Wed Aug 30, 2017 3:21 pm

irma path forcast.jpg
Irma, for 6 days from now. Currently on the other side of the Atlantic. Harvey got stuck because of that unusually cool weather over the east. Apparently it is still there. So this potential path is similar to Ike. From Joe Bastardi's twitter posts (formerly with Weather Underground, now does private for profit forecasting)

It's just a forecast, but something to be very aware of. Enough said.
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Re: 08/30/2017 Live Update

Postby Cobra » Wed Aug 30, 2017 3:25 pm

good bull bar, maybe the pullback would be bought again.
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Re: 08/30/2017 Live Update

Postby Trades with cats » Wed Aug 30, 2017 3:28 pm

Note the British health service said they would save money if it was priced at 700,000. Welcome to the new world of medicine. By the way we will be seeing tons of this stuff coming down the pike. The tools to figure this out are getting better at an amazing rate. I have a son-in-law who does tools, Phd in Biology, hasn't touched anything but a keyboard in years, spends all his time writing C++ code creating tools looking for statistical correlations in enormous DNA databases.
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Re: 08/30/2017 Live Update

Postby Cobra » Wed Aug 30, 2017 3:29 pm


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Re: 08/30/2017 Live Update

Postby QED » Wed Aug 30, 2017 3:38 pm

Trades with cats wrote:It's just a forecast, but something to be very aware of. Enough said.

RBOB has not been this high since 2015 ... must be a good time to short it! :P
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Re: 08/30/2017 Live Update

Postby Trades with cats » Wed Aug 30, 2017 3:41 pm

ES 09-17 (1000 Tick)  8_30_2017b.jpg

Looking like the ADR, the rasberry line on the chart, worked today.
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Re: 08/30/2017 Live Update

Postby Trades with cats » Wed Aug 30, 2017 3:47 pm

That would be the 20 day simple moving average of the regular trading hours daily range. So we moved up that far from the open.
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Re: 08/30/2017 Live Update

Postby Cobra » Wed Aug 30, 2017 3:51 pm


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