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12/11/2017 Live Update

te_fern
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Re: 12/11/2017 Live Update

Post by te_fern »

Biotechs are bouncing back from some weakness earlier in the morning...
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Al_Dente
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Re: 12/11/2017 Live Update

Post by Al_Dente »

SMALLS options traders (1/RVX) finally started buying calls again, a couple days ago.
1211small vol.png.png
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te_fern
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Re: 12/11/2017 Live Update

Post by te_fern »

Can we break out??
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Cobra
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Re: 12/11/2017 Live Update

Post by Cobra »

this bull may still have legs.
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Al_Dente
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Re: 12/11/2017 Live Update

Post by Al_Dente »

spy HOD
vix LOD
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Cobra
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Re: 12/11/2017 Live Update

Post by Cobra »

the pullback will be bought.
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fehro
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Re: 12/11/2017 Live Update

Post by fehro »

fehro wrote:careful.. INDEXes diamond patterns still in play. IWM on the edge of cliff.. mm on IWM if 151ish breaks -$6.85 sounds nuts… AAPL holds us up today.
Still there :roll: IWM TRANsports weak mind 151 IWM
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Al_Dente
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Re: 12/11/2017 Live Update

Post by Al_Dente »

Informative post on the FED
Old, dated 12/9/17
[THE FED DOES WHAT IT SAYS IT’S GONG TO DO, AS USUAL. ]
“Balance sheet normalization”
The Fed’s announced plan is to shrink the balance sheet by $10 billion a month in October, November, and December, then accelerate the pace every three months. By October 2018, the Fed would reduce its holdings by up to $50 billion a month (= $600 billion a year) and continue at that rate until it deems the level of its holdings “normal” – the new normal.
As part of the $10-billion-a-month unwind from October through December, the Fed is supposed to unload [“roll off,” or not reinvest] $6 billion in Treasury securities a month plus $4 billion in mortgage-backed securities (MBS) a month.
[The only unknown is the action of the new regime at the FED next year]
http://www.zerohedge.com/news/2017-12-0 ... hree-years
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Al_Dente
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Re: 12/11/2017 Live Update

Post by Al_Dente »

It’s only TWO DAYS %, and it’s ALL JUICE,
but look at the divergence between the QQQs (black) and the semis (gray)
1211two day.png.png
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fehro
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Re: 12/11/2017 Live Update

Post by fehro »

/GC very weak.. <20d/50d/200d/50w/20w/10month/20month SMA nears next key level 1230-33 50month/100w SMA
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Al_Dente
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Re: 12/11/2017 Live Update

Post by Al_Dente »

GDX weak too
Just dropped to a point where it has an opportunity to double bottom here
I was expecting a bounce, but price rules
60m
(the net chatter is that nobody wants gold any more because of shiny-new-thing bitcoin)
12__gdx 60.png.png
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Al_Dente
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Re: 12/11/2017 Live Update

Post by Al_Dente »

HAPPY HOUR
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MrMiyagi
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Post by MrMiyagi »

Running out of time for a push to the close. Tomorrow maybe as we head towards Rate Hike Wednesday.
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Cobra
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Re: 12/11/2017 Live Update

Post by Cobra »

15 min ema20, let's see any buyers here.
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Al_Dente
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Re: 12/11/2017 Live Update

Post by Al_Dente »

Arguably an H&S on RUT
JUST BROKE THE NECKLINE
1m
1211h and s.png.png
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fehro
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Re: 12/11/2017 Live Update

Post by fehro »

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Cobra
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Re: 12/11/2017 Live Update

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Cobra
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Re: 12/11/2017 Live Update

Post by Cobra »

well, guess that's it for today. Tuesday tomorrow has been bull friendly. thank you guys, I'll see you tomorrow.

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Al_Dente
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Re: 12/11/2017 Live Update

Post by Al_Dente »

Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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