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11/15/2017 Live Update

johnnywa
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Re: 11/15/2017 Live Update

Post by johnnywa »

Cobra wrote:the rebound should fail. don't expect another reversal up day again. but well, never underestimate the power of bull side...
Wow what a rebound,looks to be very green by close
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Cobra
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Re: 11/15/2017 Live Update

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fehro
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Re: 11/15/2017 Live Update

Post by fehro »

looking for nLODs.. mind the open gap SPY 255.12ish.. AAPL very weak..LOD goes look to 20d 166.80 .. buckle up
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Re: 11/15/2017 Live Update

Post by Trades with cats »

ES 12-17 (1000 Tick) 2017_11_15.png
ES VWAP sitting there at 2563.50 just below yesterday's low. Price hasn't been able to stay above S1 pivot. Not looking like a strong market at this point, especially since it has not been able to recapture the overnight sell off like the small caps have.
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Cobra
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Re: 11/15/2017 Live Update

Post by Cobra »

guess it'll go nowhere till the close.
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Trades with cats
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Re: 11/15/2017 Live Update

Post by Trades with cats »

ES double bottom or breakdown time at the mornings opening price.
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Re: 11/15/2017 Live Update

Post by Trades with cats »

RTY 12-17 (300 Tick) 2017_11_15B.png
Small Caps breaking down, back below yesterday's low. Guessing the box picture is getting cloudy :D
te_fern
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Re: 11/15/2017 Live Update

Post by te_fern »

Levered smalls have a pretty good resistance line...
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te_fern
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Re: 11/15/2017 Live Update

Post by te_fern »

SPX bouncing off the bottom of the box.....
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Al_Dente
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Re: 11/15/2017 Live Update

Post by Al_Dente »

Re: SMALLS, JUNK and (smarty-pants guru) Albert Edwards
[The “Coverage Ratio” is an old fundamental analysis measure that looks essentially at “How many times over could you pay/cover your current interest payments with your current earnings”].
https://www.investopedia.com/terms/i/in ... =0&o=40186

Edwards and his colleagues find weakening coverage, ESPECIALLY FOR SMALL CAPS, and it’s a cause for worry. "...interest coverage for the smallest 50% of US companies is near record lows , at a time when interest costs are extremely depressed and when profits are at peak."
"…investors are beginning to punish the corporate debt and equity of highly indebted US companies. We have highlighted consistently that excess US corporate debt is probably the key area of vulnerability that could bring down the QE inflated pyramid scheme that the central banks have created." And he opines that this is an early signal that “the party is over”.
But that’s fundamental analysis; let’s get back to technicals…
Technically, that’s what HYG is telling us too.
http://www.zerohedge.com/news/2017-11-1 ... -justified
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 11/15/2017 Live Update

Post by te_fern »

TICKs seem to be looking better....
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Cobra
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Re: 11/15/2017 Live Update

Post by Cobra »


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Re: 11/15/2017 Live Update

Post by Trades with cats »

ES back to the opening price, again. Going to take some serious heavy lifting if they want a green close.
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Cobra
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Re: 11/15/2017 Live Update

Post by Cobra »

lower high or not, key time, wait and see. I say rebound here.
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Re: 11/15/2017 Live Update

Post by Trades with cats »

Third touch of yesterday's low this afternoon. Could be setting up for an Asian session sell off this evening unless we get some sort of news event. Then of course with Chinese markets there is always the 'Home Team" to contend with.
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Cobra
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Re: 11/15/2017 Live Update

Post by Cobra »


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Cobra
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Re: 11/15/2017 Live Update

Post by Cobra »

well, guess that's it for today. Thursday tomorrow has been mixed. thank you guys, I'll see you tomorrow.

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Cobra
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Re: 11/15/2017 Live Update

Post by Cobra »

ok, double top, finally one day is different. tinted area the text book target.
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