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11/21/2017 Live Update

Daniel
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Re: 11/21/2017 Live Update

Post by Daniel »

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...
Daniel
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Re: 11/21/2017 Live Update

Post by Daniel »

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

Post by Trades with cats »

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

Post by Trades with cats »

RTY 12-17 (200 Tick) 2017_11_21.png
Forgot the chart!
Daniel
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Re: 11/21/2017 Live Update

Post by Daniel »

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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Cobra
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Re: 11/21/2017 Live Update

Post by Cobra »

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

Post by Daniel »

Up/down volume is hanging at about 4:1 bullish on Naz, 3:1 on NYSE.
brokebybernacke2
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Re: 11/21/2017 Live Update

Post by brokebybernacke2 »

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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te_fern
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Re: 11/21/2017 Live Update

Post by te_fern »

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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te_fern
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Re: 11/21/2017 Live Update

Post by te_fern »

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

Post by fehro »

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

Post by Al_Dente »

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

Post by Cobra »

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

Post by Al_Dente »

QQQ (black) and big tech
Percentage, YTD
(that’s SPY in purple down there, just for comparison)
1121qqq perform.png.png
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: 11/21/2017 Live Update

Post by Al_Dente »

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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Cobra
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Re: 11/21/2017 Live Update

Post by Cobra »


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Cobra
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Re: 11/21/2017 Live Update

Post by Cobra »

breakout likely.
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Trades with cats
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Re: 11/21/2017 Live Update

Post by Trades with cats »

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.
te_fern
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Re: 11/21/2017 Live Update

Post by te_fern »

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!
This is not investment or trade advice.
Trades with cats
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Re: 11/21/2017 Live Update

Post by Trades with cats »

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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