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10/11/2017 Live Update

10/11/2017 Live Update

Postby Cobra » Wed Oct 11, 2017 9:22 am

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consolidation, bias is up.
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Re: 10/11/2017 Live Update

Postby Cobra » Wed Oct 11, 2017 9:25 am


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Re: 10/11/2017 Live Update

Postby Cobra » Wed Oct 11, 2017 9:44 am

so far looks like a boring range day.
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Re: 10/11/2017 Live Update

Postby Daniel » Wed Oct 11, 2017 10:01 am

Mixed sectors: EWG, EEM 52week high; FXI, SMH, IYR hod

XLB, XLI, XRT, XHB, XLE, XOP lod
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Re: 10/11/2017 Live Update

Postby Cobra » Wed Oct 11, 2017 10:07 am


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Re: 10/11/2017 Live Update

Postby fehro » Wed Oct 11, 2017 10:08 am

FOMC 2:00pm ET :roll: sideway chop and slop Bonds/Vixes green… with indexes.. some one is lying.. :roll:
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Re: 10/11/2017 Live Update

Postby Daniel » Wed Oct 11, 2017 10:10 am

SMH, at its intraday high, was less than a nickel from a fresh 52week high.

Very hard to be structurally bearish with the semis pushing regularly to new major highs.
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Re: 10/11/2017 Live Update

Postby Daniel » Wed Oct 11, 2017 10:11 am

Nice recovery in QQQ--now suddenly at its HOD

update: IWM, ITB now suddenly at LOD... as SPY/SPX struggles to break into the green.
Still a mixed picture from the various sectors.

--and now UUP hod. GLD lod.
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Re: 10/11/2017 Live Update

Postby Cobra » Wed Oct 11, 2017 11:18 am

if channel then should pullback here.
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Re: 10/11/2017 Live Update

Postby Cobra » Wed Oct 11, 2017 12:06 pm


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Re: 10/11/2017 Live Update

Postby Cobra » Wed Oct 11, 2017 12:36 pm

testing channel upper boundary.
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Re: 10/11/2017 Live Update

Postby Cobra » Wed Oct 11, 2017 3:53 pm


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Re: 10/11/2017 Live Update

Postby Cobra » Wed Oct 11, 2017 3:55 pm

well, guess that's it for today. Thursday tomorrow has been generally bear friendly. it's the only weekday that bears may still have some chances. thank you guys, I'll see you tomorrow.

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Re: 10/11/2017 Live Update

Postby Daniel » Wed Oct 11, 2017 4:10 pm

Cobra wrote:so far looks like a boring range day.

Actually it turned out to be a boring uptrend day (from the early low). Steady tiny gain.

The ATRs on the major indexes have shrunk to flat squiggles. Algos are speculating over nickels and dimes.

This too shall pass, and volatility and range will return. Meanwhile, correction thru rotation rather than Risk Off is still the order of the day.

:|
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Re: 10/11/2017 Live Update

Postby Cobra » Wed Oct 11, 2017 5:05 pm

Daniel wrote:
Cobra wrote:so far looks like a boring range day.

Actually it turned out to be a boring uptrend day (from the early low). Steady tiny gain.

The ATRs on the major indexes have shrunk to flat squiggles. Algos are speculating over nickels and dimes.

This too shall pass, and volatility and range will return. Meanwhile, correction thru rotation rather than Risk Off is still the order of the day.

:|


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