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11/02/2017 Live Update

Daniel
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Joined: Fri Feb 10, 2012 4:27 pm

Re: 11/02/2017 Live Update

Post by Daniel »

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.

:|
fehro
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Re: 11/02/2017 Live Update

Post by fehro »

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
johnnywa
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Joined: Tue Aug 23, 2011 11:09 am

Re: 11/02/2017 Live Update

Post by johnnywa »

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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Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 11/02/2017 Live Update

Post by Al_Dente »

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
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 11/02/2017 Live Update

Post by Cobra »

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

Post by Al_Dente »

WEAK
NY advancing stocks = 0.88 x declining stocks
NY advancing volume = 0.71 x declining volume
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 11/02/2017 Live Update

Post by Al_Dente »

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

Post by fehro »

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

Post by Cobra »

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

Post by Al_Dente »

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

Post by Al_Dente »

POWELL
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Cobra
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Re: 11/02/2017 Live Update

Post by Cobra »

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

Post by Cobra »


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Cobra
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Re: 11/02/2017 Live Update

Post by Cobra »

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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Daniel
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Re: 11/02/2017 Live Update

Post by Daniel »

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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