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09/26/2017 Live Update

09/26/2017 Live Update

Postby Cobra » Tue Sep 26, 2017 9:22 am

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possible fib 61.8 or 100% mm.
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Re: 09/26/2017 Live Update

Postby Cobra » Tue Sep 26, 2017 9:25 am


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Re: 09/26/2017 Live Update

Postby Trades with cats » Tue Sep 26, 2017 9:48 am

Lael will be speaking about the labor market at 10:30. Her bosss, Chair Yellen speaks at
12:45
The entire market will be listening to that one!
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Re: 09/26/2017 Live Update

Postby fehro » Tue Sep 26, 2017 10:14 am

Trades with cats wrote:Lael will be speaking about the labor market at 10:30. Her bosss, Chair Yellen speaks at
12:45
The entire market will be listening to that one!



At 12:45pm ET Janet Yellen is due to speak at an economics conference in Cleveland on the topic of "inflation, uncertainty and monetary policy", while other U.S. and European central bankers will also offer more clues to the path of monetary policy. http://www.zerohedge.com/news/2017-09-26/euro-tumbles-ahead-yellen-macron-speeches-stocks-shake-korean-crisis
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Re: 09/26/2017 Live Update

Postby fehro » Tue Sep 26, 2017 10:18 am

/RT RUT nATH IWM not yet
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Re: 09/26/2017 Live Update

Postby fehro » Tue Sep 26, 2017 10:27 am

BofA reports that the S&P 500 has closed at a new record high 37 times so far during 2017, the most in the Q1 to Q3 period since 1997, when the S&P closed at a new record 40 times before the start of Q4 (the most occurred in 1995 when there were 61 record closes).


http://www.zerohedge.com/news/2017-09-26/sp-has-closed-new-record-highs-37-times-2017-most-20-years
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Re: 09/26/2017 Live Update

Postby te_fern » Tue Sep 26, 2017 10:34 am

The first resistance pivot seemed to hold...
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Re: 09/26/2017 Live Update

Postby Trades with cats » Tue Sep 26, 2017 10:40 am

IF yesterday's close doesn't hold the London/Frankfurt market put in a double bottom right at today's pivot point of ES 2494.25. If that fails yesterdays VWAP point of control and 20 day Average Daily Range low (which, given the compression the last couple of weeks is kind of wacky) are all lurking at the ES 2491-2492 area. Yesterday's sell off none of those levels meant anything to the market as it was determined to retest the empty space on the chart.
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Re: 09/26/2017 Live Update

Postby Al_Dente » Tue Sep 26, 2017 10:49 am

Here's how much the iPhone 8 models cost to make:
The Apple iPhone 8 Plus has a bill of materials cost of $288.08, higher than the $277.66 cost of the iPhone 7 Plus
https://www.cnbc.com/2017/09/26/how-muc ... d-for.html
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Re: 09/26/2017 Live Update

Postby te_fern » Tue Sep 26, 2017 10:58 am

Levered financials are struggling with this downward trend line...
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Re: 09/26/2017 Live Update

Postby Al_Dente » Tue Sep 26, 2017 10:58 am

LONG TERM AAPL
WEEKLY
Recall that in the past, APPL moved from a “normal” correction to a disaster when she broke the red 34ma on the WEEKLY, and got slammed,
like in 2015 (down -31.4%) and prior to that in 2013 (down -44.5%)
Who needs that? Hopefully it will bounce before it hits that red zone, else bye bye

926aapl week.png.png
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Re: 09/26/2017 Live Update

Postby Al_Dente » Tue Sep 26, 2017 11:18 am

HYG junk
daily
gap and ATH
"risk on"
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Re: 09/26/2017 Live Update

Postby Al_Dente » Tue Sep 26, 2017 11:24 am

the dow is currently up 26 points
about 12 of those points are due to the AAPL bounce
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Re: 09/26/2017 Live Update

Postby Trades with cats » Tue Sep 26, 2017 11:31 am

Twitter Zerohedge reports 'Desks attributing risk shift to move higher in yields on Trump tax plan disclosure"
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Re: 09/26/2017 Live Update

Postby fehro » Tue Sep 26, 2017 11:41 am

TRANsports a mere 4 points short of ATH last index to join the others SPX/INDU/NDX/COMPQ/RUT
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Re: 09/26/2017 Live Update

Postby te_fern » Tue Sep 26, 2017 11:43 am

Playing the bounce off yesterday's low in biotechs!!
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Re: 09/26/2017 Live Update

Postby fehro » Tue Sep 26, 2017 11:46 am

fehro wrote:TRANsports a mere 4 points short of ATH last index to join the others SPX/INDU/NDX/COMPQ/RUT


done
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Re: 09/26/2017 Live Update

Postby Al_Dente » Tue Sep 26, 2017 11:52 am

fehro wrote:
fehro wrote:TRANsports a mere 4 points short of ATH last index to join the others SPX/INDU/NDX/COMPQ/RUT

done

:o :o
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Re: 09/26/2017 Live Update

Postby fehro » Tue Sep 26, 2017 11:58 am

Tommorrow.. Tax plan released .. news for nATH across the board? :roll: :lol:

http://www.zerohedge.com/news/2017-09-26/trump-tax-plan-latest-leak-lowest-tax-rate-rises-12-standard-deduction-doubles

As previously leaked, the plan will also collapse the number of brackets from seven to three, while the standard deduction is set to almost double to $12,000 for a single filer and $24,000 for married couples, which means that Trump can correctly argue that many more low income earners would pay no tax under his plan. Also, as previously noted, the top tax bracket would fall from 39.6% to 35%.
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Re: 09/26/2017 Live Update

Postby Cobra » Tue Sep 26, 2017 12:08 pm

if the recent day pattern holds, the low should be in for today. let's see.
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