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11/21/2017 Live Update

Re: 11/21/2017 Live Update

Postby Daniel » Tue Nov 21, 2017 11:11 am

Daniel wrote:Both NYSE and Nasdaq advancers are strong and near (or at) the hod. Up/down volume has been strongly bullish since the Open on Naz, and somewhat strong on NYSE.

..Still true--even more so--as NYSE finally registers 2000+ advancers.

Nasdaq up/down volume has cooled off a bit though...
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Re: 11/21/2017 Live Update

Postby Daniel » Tue Nov 21, 2017 11:14 am

UVXY down -5.5% and near the lod.
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Re: 11/21/2017 Live Update

Postby Trades with cats » Tue Nov 21, 2017 11:15 am

And here is the second push for the smalls as they make it up to R2 pivot as they try to catch the ES.
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Re: 11/21/2017 Live Update

Postby Trades with cats » Tue Nov 21, 2017 11:17 am

RTY 12-17 (200 Tick) 2017_11_21.png

Forgot the chart!
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Re: 11/21/2017 Live Update

Postby Daniel » Tue Nov 21, 2017 11:22 am

There are few pockets of weakness so far today. XRT is one of them-- down >1%.

Since Retail has lead the upside charge the past few sessions, this is now a headwind. But most sectors are heading in the same direction as the indexes.

SPY, QQQ, IWM, MDY have all tagged 52-week highs today. DIA has come close but so far, not yet...
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Re: 11/21/2017 Live Update

Postby Cobra » Tue Nov 21, 2017 11:37 am

ok, this bull shall have legs.
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Re: 11/21/2017 Live Update

Postby Daniel » Tue Nov 21, 2017 11:41 am

Up/down volume is hanging at about 4:1 bullish on Naz, 3:1 on NYSE.
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Re: 11/21/2017 Live Update

Postby brokebybernacke2 » Tue Nov 21, 2017 11:50 am

has been a great ride.
art cashin is nervous

see the forest...this leverage unwind, when it happens, shall be at times, spectacular...
sp2666 come hell or high water..enjoy while it lasts!
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Re: 11/21/2017 Live Update

Postby te_fern » Tue Nov 21, 2017 12:07 pm

Looks like intra-day we made it by .11 over 2600. Would like to see a close over the round number.....
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Re: 11/21/2017 Live Update

Postby te_fern » Tue Nov 21, 2017 12:09 pm

Watching the Semi's today. They have been one of the strongest sectors....
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Re: 11/21/2017 Live Update

Postby fehro » Tue Nov 21, 2017 12:10 pm

Dabble short via sm pos SPX SPY P lottos. .. mind the morning gap :roll::lol:
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Re: 11/21/2017 Live Update

Postby Al_Dente » Tue Nov 21, 2017 12:25 pm

"Biggest Short Squeeze In 11 Months..."
[guess who]
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Re: 11/21/2017 Live Update

Postby Cobra » Tue Nov 21, 2017 12:45 pm

cup with handle, bias is up.
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Re: 11/21/2017 Live Update

Postby Al_Dente » Tue Nov 21, 2017 12:55 pm

QQQ (black) and big tech
Percentage, YTD
(that’s SPY in purple down there, just for comparison)

1121qqq perform.png.png
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Re: 11/21/2017 Live Update

Postby Al_Dente » Tue Nov 21, 2017 1:00 pm

Que pasa Kingdom of Saudi Arabia KSA?
How’s that “coup” going? Gap and down -2.56% yesterday; today inside

Good article on the gulf ETFs:
https://finance.yahoo.com/news/etfs-foc ... 06658.html

1121ksa.png.png
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Re: 11/21/2017 Live Update

Postby Cobra » Tue Nov 21, 2017 1:07 pm


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Re: 11/21/2017 Live Update

Postby Cobra » Tue Nov 21, 2017 1:17 pm

breakout likely.
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Re: 11/21/2017 Live Update

Postby Trades with cats » Tue Nov 21, 2017 1:39 pm

RTY 12-17 (200 Tick) 2017_11_21b.png

I put the Fibs up on the small caps just for grins. Need a nice bounce this afternoon or this chart will spell pullback. Afterall they have had several days of big gains so one is due.
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Re: 11/21/2017 Live Update

Postby te_fern » Tue Nov 21, 2017 1:42 pm

Everyone have a happy Thanksgiving! One of things I'm thankful for is a great group of people and to share ideas and learn from. Also, thank you Cobra for putting up with us! I will have sporadic internet service where I'm going (rural area), so I will talk to all of you again on Monday!! Happy trading!
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Re: 11/21/2017 Live Update

Postby Trades with cats » Tue Nov 21, 2017 1:46 pm

ES 12-17 (1000 Tick) 2017_11_21b.png

New highs but over 2 hours going nowhere fast.

The ES brings back college chemistry when we had to learn the electron orbits and do the energy calculations to move between them, i.e. quantum jumps. Just apply energy (liquidity) and it moves from one steady state region to the next one further out. Of course the operation goes the other way as well (once the central bankers cut off the liquidity stream). :D
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