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10/12/2017 Live Update

10/12/2017 Live Update

Postby Cobra » Thu Oct 12, 2017 9:20 am

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still more likely the pullback will be bought.
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Re: 10/12/2017 Live Update

Postby Cobra » Thu Oct 12, 2017 9:24 am


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Re: 10/12/2017 Live Update

Postby Cobra » Thu Oct 12, 2017 9:40 am

looks like another boring range day.
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Re: 10/12/2017 Live Update

Postby Cobra » Thu Oct 12, 2017 10:09 am


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Re: 10/12/2017 Live Update

Postby Wallstreetrader » Thu Oct 12, 2017 10:10 am

:ugeek:
Last edited by Wallstreetrader on Thu Oct 12, 2017 11:07 am, edited 4 times in total.
Kobe Steel ... the poison gif ...
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Re: 10/12/2017 Live Update

Postby Daniel » Thu Oct 12, 2017 10:30 am

Breadth and up/down volume have been steadily improving all morning-- esp. on the Nasdaq.

Quick gap fill on IWM, after an equally quick (and brief) false breakout of a multiday support level.
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Re: 10/12/2017 Live Update

Postby fehro » Thu Oct 12, 2017 10:33 am

TRIN very elevated >2 .. be careful
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Re: 10/12/2017 Live Update

Postby Daniel » Thu Oct 12, 2017 10:39 am

Sector gains and losses are muted so far, as is typical on a boring range day, but energy is the leading weak dog, with Lat.Am and Banks/Fin getting honorable mention weakness.

Strong dogs (from yest close) would include Utes, XLI and IYT.
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Re: 10/12/2017 Live Update

Postby brokebybernacke2 » Thu Oct 12, 2017 11:34 am

fehro wrote:TRIN very elevated >2 .. be careful


well overdue to go down, just doesnt feel like we are gonna have a big sudden jerk down, they have been rotating in and out of indexes nicely, smallies down, daq up, etc... these tops are molasses..many technicals, super high skew, sentiment, top bolly, calling for a retreat for some time now...can go broke timing the when..
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Re: 10/12/2017 Live Update

Postby fehro » Thu Oct 12, 2017 11:38 am

nATH, several indexes + TRANsports >10000 VIX green
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Re: 10/12/2017 Live Update

Postby fehro » Thu Oct 12, 2017 11:43 am

brokebybernacke2 wrote:
fehro wrote:TRIN very elevated >2 .. be careful


well overdue to go down, just doesnt feel like we are gonna have a big sudden jerk down, they have been rotating in and out of indexes nicely, smallies down, daq up, etc... these tops are molasses..many technicals, super high skew, sentiment, top bolly, calling for a retreat for some time now...can go broke timing the when..


yup .. VIX expires next Wed.. OEW next week.. and rally from the election lows.. nears 1 year..
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Re: 10/12/2017 Live Update

Postby Cobra » Thu Oct 12, 2017 12:02 pm


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Re: 10/12/2017 Live Update

Postby Cobra » Thu Oct 12, 2017 12:03 pm

this bull shall have small legs at least.
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Re: 10/12/2017 Live Update

Postby Cobra » Thu Oct 12, 2017 1:30 pm

pullback was bought as expected (this bull shall have legs), now it's 3rd test of the high so breakout is more likely (than just 2 test).
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Re: 10/12/2017 Live Update

Postby fehro » Thu Oct 12, 2017 1:38 pm

VIX long term.. fwiw
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Re: 10/12/2017 Live Update

Postby Al_Dente » Thu Oct 12, 2017 1:51 pm

WH
Kelly
NOW
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Re: 10/12/2017 Live Update

Postby Cobra » Thu Oct 12, 2017 2:49 pm

double top? I won't count on though.
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Re: 10/12/2017 Live Update

Postby Cobra » Thu Oct 12, 2017 2:51 pm

ok, double top indeed.
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Re: 10/12/2017 Live Update

Postby Al_Dente » Thu Oct 12, 2017 3:04 pm

HAPPY HOUR
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Re: 10/12/2017 Live Update

Postby Trades with cats » Thu Oct 12, 2017 3:20 pm

I spent a week away and nothing has really changed! Yesterday's volume was pathetic, I saw a figure of 60% of normal and today reinforced that yesterday's high is not a fair or solid number with such weak action. So I think a test of the week's lows should be possible. We started on that overnight but the 10ish AM eastern mystery buyer came into the market as they have with clock like regularity. I am thinking of renting Groundhog Day tonight to see if I can get some insights on this market. :D
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