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11/02/2017 Live Update

Re: 11/02/2017 Live Update

Postby Daniel » Thu Nov 02, 2017 1:09 pm

Generational tax reform is intro'd, and ATR on SPY continues to contract unto the minuscule? This is unfathomable to me.

Look at Cobra's base SPY 5min chart-- we're back to 5cent and 10cent proportional gradations on the grids. For a security costing $250+ a share.

Aside from some sector gyrations the market is yawning. This market left me at the bakery, months ago.

Tax reform is MAJOR, the indexes should either sell the news, or jump for joy. They should not yawn.

:|
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Re: 11/02/2017 Live Update

Postby fehro » Thu Nov 02, 2017 1:21 pm

be UBER careful on IWM.. potential for a shocking down move is high.. 148ish goes.. look to 147.50 .. key level 147.25 we close flat, near there.. huge gap down potential.. break it today.. look for waterfall to 144 previous highs.. open gap 145.25-144.70ish buy IWM P lottos OTM expiration tomorrow
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Re: 11/02/2017 Live Update

Postby johnnywa » Thu Nov 02, 2017 1:30 pm

fehro wrote:be UBER careful on IWM.. potential for a shocking down move is high.. 148ish goes.. look to 147.50 .. key level 147.25 we close flat, near there.. huge gap down potential.. break it today.. look for waterfall to 144 previous highs.. open gap 145.25-144.70ish buy IWM P lottos OTM expiration tomorrow

What are you basing your iwm call on?
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Re: 11/02/2017 Live Update

Postby Al_Dente » Thu Nov 02, 2017 1:36 pm

fehro wrote:be UBER careful on IWM.. potential for a shocking down move is high.. 148ish goes.. look to 147.50 .. key level 147.25 we close flat, near there.. huge gap down potential.. break it today.. look for waterfall to 144 previous highs.. open gap 145.25-144.70ish buy IWM P lottos OTM expiration tomorrow

Thanks boss :D
IWM: I’ve got a megaphone tilted up (Ascending Broadening Wedge), inside the box
Breaks “downward 73% of the time”
http://thepatternsite.com/abw.html
15min
112fifteen iwm.png.png
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Re: 11/02/2017 Live Update

Postby Cobra » Thu Nov 02, 2017 1:42 pm

should be another push up.
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Re: 11/02/2017 Live Update

Postby Al_Dente » Thu Nov 02, 2017 1:46 pm

WEAK
NY advancing stocks = 0.88 x declining stocks
NY advancing volume = 0.71 x declining volume
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Re: 11/02/2017 Live Update

Postby Al_Dente » Thu Nov 02, 2017 2:33 pm

After the close: AAPL, SBUX
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Re: 11/02/2017 Live Update

Postby fehro » Thu Nov 02, 2017 2:41 pm

3:00pm ET - Fed chair.. buckle up :roll:
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Re: 11/02/2017 Live Update

Postby Cobra » Thu Nov 02, 2017 2:48 pm

double top or double bottom, key time.
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Re: 11/02/2017 Live Update

Postby Al_Dente » Thu Nov 02, 2017 2:56 pm

early HAPPY HOUR
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Re: 11/02/2017 Live Update

Postby Al_Dente » Thu Nov 02, 2017 3:09 pm

POWELL
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Re: 11/02/2017 Live Update

Postby Cobra » Thu Nov 02, 2017 3:34 pm

breakout likely.
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Re: 11/02/2017 Live Update

Postby Cobra » Thu Nov 02, 2017 3:50 pm


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Re: 11/02/2017 Live Update

Postby Cobra » Thu Nov 02, 2017 3:52 pm

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

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Re: 11/02/2017 Live Update

Postby Daniel » Thu Nov 02, 2017 5:48 pm

Well, if the Market is going to yawn at an unveiled Tax Plan, and the selection of a new Fed chairman, I'll yawn too. Yawn.
glta
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