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10/02/2017 Live Update

10/02/2017 Live Update

Postby Cobra » Mon Oct 02, 2017 9:21 am

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the pullback should be bought.
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Re: 10/02/2017 Live Update

Postby Cobra » Mon Oct 02, 2017 9:25 am


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Re: 10/02/2017 Live Update

Postby fehro » Mon Oct 02, 2017 9:33 am

wholly VIX over Fri's HOD, green, with Bonds testing FRi's HOD green. VXX undercut's Fri's LOD :roll: :lol:
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Re: 10/02/2017 Live Update

Postby fehro » Mon Oct 02, 2017 9:54 am

TRANsports not happy.. careful of a wicked reversal today on the indexes..
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Re: 10/02/2017 Live Update

Postby fehro » Mon Oct 02, 2017 9:58 am

SPX INDU COMPQ and RUT all nATH RUTpushing for 1500.00
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Re: 10/02/2017 Live Update

Postby Cobra » Mon Oct 02, 2017 10:03 am


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Re: 10/02/2017 Live Update

Postby Trades with cats » Mon Oct 02, 2017 10:04 am

ES just short of the Asian session high. Momentum is slipping, we will see where this consolidation leads to.
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Re: 10/02/2017 Live Update

Postby Cobra » Mon Oct 02, 2017 10:08 am

wow, so far looks like another uptrend day.
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Re: 10/02/2017 Live Update

Postby Trades with cats » Mon Oct 02, 2017 10:14 am

Tagged the Asian high and dropped back. Is there a third push left in the tank or are we looking for a head and shoulders at a double top. (OK one tick higher than Asian high, but close enough in my book)
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Re: 10/02/2017 Live Update

Postby Trades with cats » Mon Oct 02, 2017 10:22 am

Yea, that third push finally got us into clean space on the chart. :)
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Re: 10/02/2017 Live Update

Postby brokebybernacke2 » Mon Oct 02, 2017 10:22 am

unicorns abound, enter short 2527.12
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Re: 10/02/2017 Live Update

Postby Al_Dente » Mon Oct 02, 2017 10:35 am

Why is SMH (SOXL, SOXS) always so volatile?
The fact that it is the #1 most heavily shorted ETF makes it quite “squeezable”
https://www.etfchannel.com/type/most-shorted-etfs/
[add: XBI is number five (LABU and LABD are 3x XBI]

102 SAVE etf shorts.png.png
Last edited by Al_Dente on Mon Oct 02, 2017 10:48 am, edited 1 time in total.
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Re: 10/02/2017 Live Update

Postby Al_Dente » Mon Oct 02, 2017 10:39 am

FEAR AND GREED
http://money.cnn.com/data/fear-and-greed/
“…the persistent uptrend pushed the CNN Fear & Greed index over 90 on Friday. Using the backtest engine from Sentimentrader, prior instances in the past 5 years have preceded a lower close in SPX within the next month 91% of the time and within six weeks 100% of the time [Urban Camel, Fat Pitch]

102fear greed.png.png
Last edited by Al_Dente on Mon Oct 02, 2017 11:07 am, edited 1 time in total.
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Re: 10/02/2017 Live Update

Postby fehro » Mon Oct 02, 2017 10:43 am

Adv/dec .. diverging still spikes in Put/calls
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Re: 10/02/2017 Live Update

Postby Al_Dente » Mon Oct 02, 2017 10:44 am

Another indicator near extreme, medium term, NOT INTRADAY
[price up, yield down]
When the yield on the $SPX gets to the 1.85% area, there is usually a pullback in the $SPX
Bottom panel:
We’re near there; we’re in the zone [as of Friday’s close, EOD]

102yield spx.png.png
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Re: 10/02/2017 Live Update

Postby Cobra » Mon Oct 02, 2017 10:46 am

the pullback will be bought.
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Re: 10/02/2017 Live Update

Postby Trades with cats » Mon Oct 02, 2017 11:00 am

There was very little volume on the first phase of the push up this morning. If the current swing low at ES 2522 goes then we could be back at Fridays high in short order. That certainly happened overnight when both highs failed.

My problem is I do think we are going to have distribution to the 401K forced buyers and I just don't see how the up trend can continue until that happens and the big specs have squared their books. Of course I am probably wrong, but that is what I think.
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Re: 10/02/2017 Live Update

Postby Trades with cats » Mon Oct 02, 2017 11:22 am

At ES R1 pivot (2521.50). It offered support this morning after the first wave up but is clearly meaningless on the way down. :o
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Re: 10/02/2017 Live Update

Postby Trades with cats » Mon Oct 02, 2017 11:49 am

I am wrong, apparently market is going to fill in the empty places in today's volume profile. ES stopped dropping right at the lower edge of the value area (70% zone) but failed to get above the point of control at ES 2522.50.
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Re: 10/02/2017 Live Update

Postby Cobra » Mon Oct 02, 2017 11:56 am


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