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11/10/2017 Live Update

11/10/2017 Live Update

Postby Cobra » Fri Nov 10, 2017 10:22 am

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Re: 11/10/2017 Live Update

Postby Cobra » Fri Nov 10, 2017 10:25 am


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Re: 11/10/2017 Live Update

Postby Trades with cats » Fri Nov 10, 2017 10:45 am

ES 12-17 (1000 Tick)  11_10_2017.jpg

Just want to point out the overnight volume profile, really extreme example.

Question comes up will many traders be taking today off leaving us with a quiet market? I admit yesterday felt like the 'good old days' but it has been a while. A guy needs to work up to that level of action so I would not mind a respite as long as the action comes back next week!
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Re: 11/10/2017 Live Update

Postby Daniel » Fri Nov 10, 2017 10:57 am

Of note so far is the extreme RS of the smallcaps today, reversing a tendency of the past few sessions. Gains around +0.2% versus losses of -0.2, -0.3% on the majors.

This gain differential can't be attributed to any alleged correlation to dollar-strength, since UUP as proxy for the dollar is red on the day.

Also, NYSE up/down volume has been very strong, and breadth has recovered sharply since the open... yet price is still negative on the day...

:?: :geek:
Last edited by Daniel on Fri Nov 10, 2017 11:01 am, edited 1 time in total.
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Re: 11/10/2017 Live Update

Postby Cobra » Fri Nov 10, 2017 11:01 am


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Re: 11/10/2017 Live Update

Postby te_fern » Fri Nov 10, 2017 11:05 am

Watch the TICKs, they are down to sideways this morning.....
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Re: 11/10/2017 Live Update

Postby te_fern » Fri Nov 10, 2017 11:18 am

Maybe we're in a new lower box??
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Re: 11/10/2017 Live Update

Postby Daniel » Fri Nov 10, 2017 11:20 am

$VIX: now back over 11.
Daily timeframe, note the classic MACD upside crossover "Buy" signal generated intraday this AM, from the sweet spot of "lightly negative" and heading toward the zero line.

:|
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Re: 11/10/2017 Live Update

Postby Trades with cats » Fri Nov 10, 2017 11:28 am

Daniel wrote:$VIX: now back over 11.
Daily timeframe, note the classic MACD upside crossover "Buy" signal generated intraday this AM, from the sweet spot of "lightly negative" and heading toward the zero line.

:|

Read last weekend how the VIX has hit it's low of the week on Friday for around 8 weeks in a row. No wonder that former Target logistics manager has done so well on his single strategy. :lol: Could be a bad week for him and his sell the VIX method.
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Re: 11/10/2017 Live Update

Postby Al_Dente » Fri Nov 10, 2017 11:44 am

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Re: 11/10/2017 Live Update

Postby te_fern » Fri Nov 10, 2017 11:45 am

2576 seems to be the support line this morning....
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Re: 11/10/2017 Live Update

Postby Al_Dente » Fri Nov 10, 2017 12:15 pm

...................
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Re: 11/10/2017 Live Update

Postby brucekeller » Fri Nov 10, 2017 12:30 pm

Feels like the market is about to make a move.
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Re: 11/10/2017 Live Update

Postby Trades with cats » Fri Nov 10, 2017 12:33 pm

Evil site says someone just puked up 4 billion notional in gold futures slamming that market down hard and spiking the dollar up, just before Friday G&T time in London.
(Gin and Tonic water, I am pretty sure it is the official drink of the City)
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Re: 11/10/2017 Live Update

Postby Al_Dente » Fri Nov 10, 2017 12:42 pm

SJNK is shorter duration junk bonds, which is supposed to be less risk, theoretically...... hmmmmm
1110sjnk.png.png
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Re: 11/10/2017 Live Update

Postby Al_Dente » Fri Nov 10, 2017 12:46 pm

Inside IWM
It looks like rotation into small health and small discretionary, and that is a “bullish island gap” on the small discretionary
Daily
1110small inside.png.png
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Re: 11/10/2017 Live Update

Postby Cobra » Fri Nov 10, 2017 1:01 pm


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Re: 11/10/2017 Live Update

Postby Al_Dente » Fri Nov 10, 2017 2:48 pm

I think it’s really negative if they insist on delaying corporate tax cuts for a year/two years
Junk is the “tell” for corporate credit deterioration
Pick a zh story today; it’s probably about junk
The Emperor Has No Clothes
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Re: 11/10/2017 Live Update

Postby Cobra » Fri Nov 10, 2017 3:03 pm

kind of ascending triangle, bias is up now.
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