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11/15/2017 Live Update

Re: 11/15/2017 Live Update

Postby johnnywa » Wed Nov 15, 2017 12:20 pm

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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Re: 11/15/2017 Live Update

Postby Cobra » Wed Nov 15, 2017 1:03 pm


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Re: 11/15/2017 Live Update

Postby fehro » Wed Nov 15, 2017 1:04 pm

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

Postby Trades with cats » Wed Nov 15, 2017 1:32 pm

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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Re: 11/15/2017 Live Update

Postby Cobra » Wed Nov 15, 2017 1:53 pm

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

Postby Trades with cats » Wed Nov 15, 2017 2:30 pm

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

Postby Trades with cats » Wed Nov 15, 2017 2:57 pm

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
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Re: 11/15/2017 Live Update

Postby te_fern » Wed Nov 15, 2017 3:32 pm

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

Postby te_fern » Wed Nov 15, 2017 3:33 pm

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

Postby Al_Dente » Wed Nov 15, 2017 3:59 pm

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
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Re: 11/15/2017 Live Update

Postby te_fern » Wed Nov 15, 2017 4:04 pm

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

Postby Cobra » Wed Nov 15, 2017 4:19 pm


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Re: 11/15/2017 Live Update

Postby Trades with cats » Wed Nov 15, 2017 4:26 pm

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

Postby Cobra » Wed Nov 15, 2017 4:32 pm

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

Postby Trades with cats » Wed Nov 15, 2017 4:51 pm

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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Re: 11/15/2017 Live Update

Postby Cobra » Wed Nov 15, 2017 4:52 pm


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Re: 11/15/2017 Live Update

Postby Cobra » Wed Nov 15, 2017 4:55 pm

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

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Re: 11/15/2017 Live Update

Postby Cobra » Wed Nov 15, 2017 4:56 pm

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