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08/31/2017 Live Update

Re: 08/31/2017 Live Update

Postby Al_Dente » Thu Aug 31, 2017 12:29 pm

Oy :shock:
Japan's Second Largest Bank Plans To "Plow" 100 Billion Yen In Stocks
the bank has already set up a new structure enabling it to directly invest in stocks.
the bank also wants to buy more junk
http://www.zerohedge.com/news/2017-08-3 ... yen-stocks
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Re: 08/31/2017 Live Update

Postby te_fern » Thu Aug 31, 2017 1:02 pm

Levered biotechs are up 9.35% and they have been running for several days!! Wow!
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Re: 08/31/2017 Live Update

Postby fehro » Thu Aug 31, 2017 1:09 pm

te_fern wrote:Levered biotechs are up 9.35% and they have been running for several days!! Wow!


mind resistance here.. bearish rising wedge weekly fwiw
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Re: 08/31/2017 Live Update

Postby te_fern » Thu Aug 31, 2017 1:20 pm

fehro wrote:
te_fern wrote:Levered biotechs are up 9.35% and they have been running for several days!! Wow!


mind resistance here.. bearish rising wedge weekly fwiw


Wish i could tell you that I own some, but instead have been a spectator most of the way up!!
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Re: 08/31/2017 Live Update

Postby Al_Dente » Thu Aug 31, 2017 2:18 pm

IWM is acting like a Chihuahua on crack:
https://www.youtube.com/watch?v=Rjba0DeTUpo

On the 60min, this is near where I look for a pullback, at least to backtest the breakout

831iwm 60.png.png
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Re: 08/31/2017 Live Update

Postby Al_Dente » Thu Aug 31, 2017 2:35 pm

On the IWM daily, she leapt above the 50ma (blue ma) and filled the gap
Is the angle of ascent too steep? Well, compared to the angles of past squeezes (lime lines), this one is not as extreme…..
Overbought
831iwm day.png.png
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Re: 08/31/2017 Live Update

Postby Cobra » Thu Aug 31, 2017 2:54 pm


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Re: 08/31/2017 Live Update

Postby Al_Dente » Thu Aug 31, 2017 3:11 pm

HAPPY HOUR
happy hour whatever.png.png

happy hour whatever fits.png
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Re: 08/31/2017 Live Update

Postby Cobra » Thu Aug 31, 2017 3:53 pm


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Re: 08/31/2017 Live Update

Postby Cobra » Thu Aug 31, 2017 3:54 pm

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

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Re: 08/31/2017 Live Update

Postby brokebybernacke2 » Thu Aug 31, 2017 4:01 pm

impressive bulls... only hope for bears is triple top at day's high, otherwise , it seems btfd back on!
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Re: 08/31/2017 Live Update

Postby Trades with cats » Thu Aug 31, 2017 4:05 pm

Mission accomplished. Three days of low volume melt-up into the month end and here we are where the weekend letter writers can talk about a new all time high next week. Any nervous 401 K types will see on their monthly statement that there was no damage from this little tantrum, proving once again how really smart they are to keep buying those ETFs. And of course the icing is the former Target Logistics manager has undoubtedly made another pile by shorting volatility.

Problem is the end of month window dressing and new money doesn't happen every day and it is looking like September could be an ugly volatility racked month only to be followed by the usually terrible October. So far in the on deck circle swinging a practice bat we have Government running out of money, Fed going ahead with liquidity reduction, gasoline shortages for back to school and a new category 4 hurricane moving into the Caribbean early next week.

As only the old Hollywood stars can say it so well, "buckle up it's going to be a bumpy ride". :lol: :twisted:
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