11/29/2017 Live Update

[Al_Dente]

Pasta Boss, how is the up/down statistics looking this morning? Thx!!

Weak:
NY advancing stocks = 1.09 x declining stocks
NY advancing volume = 1.62 x declining volume

[te_fern]

Can we push to a new high???

[te_fern]

Pasta Boss, how is the up/down statistics looking this morning? Thx!!

Weak:
NY advancing stocks = 1.09 x declining stocks
NY advancing volume = 1.62 x declining volume

Thanks!

[te_fern]

[add on]
here is that MTUM chart YTD (year-to-date)

1129mtum2.png.png

Momentum was the place to be in 2017!! Now if my crystal ball would just tell me where to be in 2018!! LOL!!

[te_fern]

No new high, probably go sideways from here!!

[te_fern]

Wow, Semi's are down now 11.5%......

[Al_Dente]

Wow, Semi's are down now 11.5%......

boss
here's all QQQ intraday, sorted by bigest reds

[fehro]

Dailies.. NDX at 20d SMA .. AAPL <20d .. AAPL 164.67 support worse case today. mind 50d 162.94

[te_fern]

Wow, Semi's are down now 11.5%......

boss
here's all QQQ intraday, sorted by bigest reds

1129qqq sort.png.png

Some big moves!!! Wrong direction!!

[te_fern]

Energy is helping some today!!

[fehro]

Wow, Semi's are down now 11.5%......

BTC madness NVDA

[Cobra]

the pullback mainly is because of AAPL, so won't go far. I expect it to be bought.

[Al_Dente]

fehro:
shouldn't u be telling us: VIX nHOD

[te_fern]

Watching this trend line for when the buying starts...

[te_fern]

TICKs not helping yet...

[te_fern]

Oil just fell. Must have been an 11:00 report??

[fehro]

fehro:
shouldn't u be telling us: VIX nHOD

need to be careful.. VIX was spikey in the pre-market.. was very wicky.. and green all morning … VIX nHOD >20d/50d now.. 200d 11.11 if HOD goes again.. QQQs very weak.. 20d goes.. look out below!

[fehro]

Oil just fell. Must have been an 11:00 report??

oil report at 10:30 = spike OPEC nonsense .. meeting tomorrow.. .. /CL took out yHOD and reversed and took out yLOD.. trading cause they can

[Al_Dente]

fehro:...

need to be careful.. VIX was spikey in the pre-market.. was very wicky.. and green all morning … VIX nHOD >20d/50d now.. 200d 11.11 if HOD goes again.. QQQs very weak.. 20d goes.. look out below!

thanks boss

[Trades with cats]

Something else is going on. Media says liquidity crisis in tech land. But yesterday everything was just fine. Charts off the Bloomberg terminals that are up at Zerohedge show bitcoin following not leading. Biggest FANG drop in months but again nothing in media that I have seen that explains the cause.

In the old days we would watch the market crater in the afternoon (insert clip of electrical transformers blowing during a hurricane) when hedge funds got taken out by forced margin calls. But not in the morning. My gut says a major hedge fund is getting out and no central bank is willing to take their shares.