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12/05/2017 Live Update

te_fern
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Re: 12/05/2017 Live Update

Post by te_fern »

As someone earlier pointed out the semi's are bouncing, trying to find a bottom after their big sell off....
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Daniel
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Re: 12/05/2017 Live Update

Post by Daniel »

SPY, EEM hod
IWM lod

-clearly a mixed market today. Semis are still strong, but well off their earlier high.
Last edited by Daniel on Tue Dec 05, 2017 11:26 am, edited 1 time in total.
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Al_Dente
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Re: 12/05/2017 Live Update

Post by Al_Dente »

Trades with cats wrote:For what it is worth Bloomberg article rehashed at Zerohedge pointed out that the tax bill makes all Corp filers subject to the 20% AMT which is supposed to explain the sell off in FANGS.
:D good one boss :D
AMT
"As a result, groups such as Retail, Transports, Business Services, and Telecom should outperform as investors begin to discount tax relief. This should come at the expense of TECH+, Pharma & Biotech, and Autos, which are disadvantaged by proposed changes."
(but they don't mention smalls specifically as hurt by AMT)
http://www.zerohedge.com/news/2017-12-0 ... two-charts
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 12/05/2017 Live Update

Post by te_fern »

Al_Dente wrote:
Trades with cats wrote:For what it is worth Bloomberg article rehashed at Zerohedge pointed out that the tax bill makes all Corp filers subject to the 20% AMT which is supposed to explain the sell off in FANGS.
:D good one boss :D
AMT
"As a result, groups such as Retail, Transports, Business Services, and Telecom should outperform as investors begin to discount tax relief. This should come at the expense of TECH+, Pharma & Biotech, and Autos, which are disadvantaged by proposed changes."
(but they don't mention smalls specifically as hurt by AMT)
http://www.zerohedge.com/news/2017-12-0 ... two-charts
You can definitely see this in the charts of Bios and Semi's which have traded down hard the last week or two......
This is not investment or trade advice.
Daniel
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Re: 12/05/2017 Live Update

Post by Daniel »

DJT, IYT lod

EWG, FXI hod
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Cobra
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Re: 12/05/2017 Live Update

Post by Cobra »

morning hourly black bar.
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te_fern
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Re: 12/05/2017 Live Update

Post by te_fern »

Levered Bios still struggling. Is this a double bottom???
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fehro
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Re: 12/05/2017 Live Update

Post by fehro »

mind the diamonds… tops better on 30m. 5m charts ..lookin for a possible $7 drop in IWM
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fehro
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Re: 12/05/2017 Live Update

Post by fehro »

te_fern wrote:Levered Bios still struggling. Is this a double bottom???
Friends don't let Friends do drugs. IBB weekly very dangerous.. Daily at 20d/200d… stay far away
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Re: 12/05/2017 Live Update

Post by Trades with cats »

I am definitely going to spend the down time over the holidays working up a band trading system for these dead days.

My weekend review of the high movement part of last week showed what I learned decades ago. You can not assume anything. You must waste the time looking at all the fundamental assumptions before you get to the exciting stuff. Operationally, crawl first, run last. Specifically when all the price derivative squiggly stuff is based on some sort of rocket scientist moving average (ema family) and or ATR and the volume and price moves pick up dramatically your stuff is going to get out of whack. For me that means increasing the size of my price bars to move them back into the 1 to 5 minute range. I expect for all of you who trade fixed time bars it would mean the opposite to get the relative movement back to within normal. Normal to me means the number of trade signals per day. :P
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Al_Dente
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Re: 12/05/2017 Live Update

Post by Al_Dente »

“One whiff and you’re stiff”
Residents of the Irish village of Ringaskiddy in County Cork, blame it on the odd fumes wafting from the local Pfizer factory — which has long produced Viagra.
https://nypost.com/2017/12/04/viagra-fa ... ng-stiffs/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats
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Re: 12/05/2017 Live Update

Post by Trades with cats »

[/quote]

Friends don't let Friends do drugs. IBB weekly very dangerous.. Daily at 20d/200d… stay far away[/quote]
yea, I used financial statements to show my son-in-law why a job at Pacific Bioscience was very risky. He went with a start-up that is profitable and cash flow positive so he can sleep better at night. :D
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Cobra
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Re: 12/05/2017 Live Update

Post by Cobra »

the rebound shall have legs if not the low was in.
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Daniel
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Re: 12/05/2017 Live Update

Post by Daniel »

QQQ hod

IWM joining, now back to green (barely)
Trades with cats
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Re: 12/05/2017 Live Update

Post by Trades with cats »

The pattern I consider to be a 'normal' day is an up move for the half hour or so before the European markets close followed by a half hour or so of consolidation then a gradual grind up into the North American close. After yesterday the grind up target is clearly ES 2657.50. We shall see, after all the Freedom Caucus is still voting with the Democrats on the tax bill.
te_fern
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Re: 12/05/2017 Live Update

Post by te_fern »

fehro wrote:
te_fern wrote:Levered Bios still struggling. Is this a double bottom???
Friends don't let Friends do drugs. IBB weekly very dangerous.. Daily at 20d/200d… stay far away
Thanks!! LOL!! Will wait for stronger buy signals... :D
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fehro
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Re: 12/05/2017 Live Update

Post by fehro »

fehro wrote:
Daniel wrote:Semis (SMH) up 1 and 2/3 % since the open.
Mind the 20d SMA bounce/test… AAPL dangerous H&S 60m.. it goes down , market goes down
ding ding.. mind the stall NDX
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Trades with cats
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Re: 12/05/2017 Live Update

Post by Trades with cats »

$XBI from Stockboard assets twitter feed
$XBI from Stockboard assets twitter feed
His comment was that all rallies have been sold into. He has been beating the drum for a longer term double top and major sell-off.
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Cobra
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Re: 12/05/2017 Live Update

Post by Cobra »

the pullback will be bought. bears simply cannot have any follow through day!!!
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Trades with cats
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Re: 12/05/2017 Live Update

Post by Trades with cats »

Article where they calc effective tax rate for the DOW for 2016. Right at 21%
https://seekingalpha.com/article/412974 ... ng-dip-get
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