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12/12/2017 Live Update

12/12/2017 Live Update

Postby Cobra » Tue Dec 12, 2017 10:21 am

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consolidation, bias is up.
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Re: 12/12/2017 Live Update

Postby Cobra » Tue Dec 12, 2017 10:24 am


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Re: 12/12/2017 Live Update

Postby Daniel » Tue Dec 12, 2017 10:45 am

At the OR-15, clear winners and losers.
Strong dogs: DIA, XBD
Weak dogs: Consumer-related, oil-related
Tech is tepid.
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Re: 12/12/2017 Live Update

Postby Trades with cats » Tue Dec 12, 2017 10:49 am

Oil Saudi declared dream is an 80% increase in the cost of gasoline. My opinion is that if you live in a world where you can arrest your relatives and take away their money to buy mega yachts and fancy paintings then of course this is reasonable assumption.

Real world is US exports through the roof until the crack in the Scottish pipe is fixed then it is back to normal post winter holiday slide.
Long term threat- I read last week GM has now sold over 20,000 Bolts and Ford, Mercedes BMW etc are all right behind them. Just watch US fleet average five years from now!
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Re: 12/12/2017 Live Update

Postby Trades with cats » Tue Dec 12, 2017 10:51 am

Supposed to be putting in a new all time high today what is with this third test of the overnight low.
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Re: 12/12/2017 Live Update

Postby Daniel » Tue Dec 12, 2017 10:55 am

VIX back under 10 and toying with a 20day low in the 9.50 region.
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Re: 12/12/2017 Live Update

Postby Daniel » Tue Dec 12, 2017 10:58 am

Approaching the OR-30, lod for XLE, XOP, XRT, SMH, MDY; hod for ILF, EWG, XBD
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Re: 12/12/2017 Live Update

Postby Cobra » Tue Dec 12, 2017 11:01 am


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Re: 12/12/2017 Live Update

Postby te_fern » Tue Dec 12, 2017 11:03 am

SPX has pushed up to the first resistance pivot...
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Re: 12/12/2017 Live Update

Postby te_fern » Tue Dec 12, 2017 11:04 am

TICKs are struggling this morning...
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Re: 12/12/2017 Live Update

Postby Daniel » Tue Dec 12, 2017 11:05 am

smh testing support in the 97.50-75 area

Dow Transports lod

But most sectors are in the upper half of their daily range this AM. And IBB has made a complete circuit from weak dog to strong dog-- now hitting HOD.
Last edited by Daniel on Tue Dec 12, 2017 11:07 am, edited 1 time in total.
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Re: 12/12/2017 Live Update

Postby fehro » Tue Dec 12, 2017 11:06 am

seatbelts :roll:
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Re: 12/12/2017 Live Update

Postby Trades with cats » Tue Dec 12, 2017 11:13 am

Pivots- The ES hasn't gotten close to R1 today, unlike the actual index the derivative is based on. No idea if that is meaningful or not. :?
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Re: 12/12/2017 Live Update

Postby te_fern » Tue Dec 12, 2017 11:14 am

The pivot seems to be holding it down for now....
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Re: 12/12/2017 Live Update

Postby Trades with cats » Tue Dec 12, 2017 11:21 am

ES 03-18 (1000 Tick) 2017_12_12.png

What I see is yesterday's high after the cash close tested in the middle of the night looking like a double top. But it doesn't count until the US cash session tests it. Moment of truth on getting to that new all time high.
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Re: 12/12/2017 Live Update

Postby Cobra » Tue Dec 12, 2017 11:23 am

this bull shall have legs.
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Re: 12/12/2017 Live Update

Postby Daniel » Tue Dec 12, 2017 11:30 am

SMH has already traded 50% of its 5day average volume, in the first hour.

Has been weak this AM, but is off the lows... is it gaining mojo to resume its upside leadership of the past many months?
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Re: 12/12/2017 Live Update

Postby Trades with cats » Tue Dec 12, 2017 11:36 am

Triple witch coming up so volume should be increasing across the board. Once we get past Chair Yellen's presser on Wednesday (and I don't think she will tank the markets as a goodby) I would believe the options expiration maneuvers will dominate the action.

I would think that the traders in the Marriner Eccles building would love to give their beloved leader a new all time high as an appropriate send-off. It is unlikely but would be to ironic to bear if it becomes the new multi-year top as well. Just say in. :twisted:
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Re: 12/12/2017 Live Update

Postby te_fern » Tue Dec 12, 2017 11:42 am

Getting close to that high...
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Re: 12/12/2017 Live Update

Postby Al_Dente » Tue Dec 12, 2017 11:45 am

Tomorrow: It’s not just the FED (rate hike is assured), but also the Norges Bank, Bank of England, European Central Bank, Swiss National Bank will announce rate decisions ALL IN AN 18 HOUR WINDOW, and other central banks will follow later.
Timeline and good charts/tables here:
https://www.bloomberg.com/news/articles ... since-2006
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