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12/12/2017 Live Update

Re: 12/12/2017 Live Update

Postby Al_Dente » Tue Dec 12, 2017 11:47 am

NY and SPX volume measures are confirming an impending new high, which is a bit surprising, as they frequently diverge, and previous divergences have nailed a tiny-mini pullback….. but only a bullish confirmation is seen here ….
(chart is daily, as of yesterday’s close)
1211ad volume.png.png
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Re: 12/12/2017 Live Update

Postby Al_Dente » Tue Dec 12, 2017 11:49 am

NYMOs are all back to green EXCEPT SMALLS
EOD
1212nymo.png
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Re: 12/12/2017 Live Update

Postby fehro » Tue Dec 12, 2017 11:54 am

SPX has not touched that magic number 2666.xx :roll: SPY at it
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Re: 12/12/2017 Live Update

Postby te_fern » Tue Dec 12, 2017 11:55 am

Getting closer...
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Re: 12/12/2017 Live Update

Postby Al_Dente » Tue Dec 12, 2017 12:08 pm

The heaviest bitcoin volumes today over in the fidelity retail accounts are:
1) RIOT
2) GBTC
3) BTSC
1212fidel.png.png
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Re: 12/12/2017 Live Update

Postby fehro » Tue Dec 12, 2017 12:11 pm

SPX nATH 2665.39
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Re: 12/12/2017 Live Update

Postby te_fern » Tue Dec 12, 2017 12:11 pm

TICK still looks pretty lethargic...
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Re: 12/12/2017 Live Update

Postby te_fern » Tue Dec 12, 2017 12:13 pm

Levered smalls are going sideways...
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Re: 12/12/2017 Live Update

Postby Cobra » Tue Dec 12, 2017 12:14 pm


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Re: 12/12/2017 Live Update

Postby Trades with cats » Tue Dec 12, 2017 12:15 pm

Not exactly an awe inspiring breakout. I kinda miss those legendary gap and go days.This is a gap and stutter trying to get the engine running sort of a day.
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Re: 12/12/2017 Live Update

Postby fehro » Tue Dec 12, 2017 12:25 pm

fehro wrote:SPX nATH 2665.39


2665.61 almost at that magic number :roll:
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Re: 12/12/2017 Live Update

Postby fehro » Tue Dec 12, 2017 12:29 pm

fehro wrote:
fehro wrote:SPX nATH 2665.39


2665.61 almost at that magic number :roll:


ding ding 2666.92 oh the sick humour if that is the top :roll: :lol: :lol:
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Re: 12/12/2017 Live Update

Postby Al_Dente » Tue Dec 12, 2017 12:31 pm

SMALLS 60min
Diamond can break either way
http://thepatternsite.com/diamondt.html

1212diamond.png.png
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Re: 12/12/2017 Live Update

Postby Al_Dente » Tue Dec 12, 2017 12:34 pm

SPY new high :o
Hey hey hey, let’s get going here please:
(EOD yesterday)
1212highs.png.png
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Re: 12/12/2017 Live Update

Postby te_fern » Tue Dec 12, 2017 12:37 pm

As several have just said, we got the push through!!
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Re: 12/12/2017 Live Update

Postby te_fern » Tue Dec 12, 2017 12:41 pm

Even with oil down, the energy sector is holding on to slight gains....
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Re: 12/12/2017 Live Update

Postby Al_Dente » Tue Dec 12, 2017 12:55 pm

Republican Senator John Cornyn just told the media that there "may be a tentative tax bill deal today." [hence, pop]
House Majority Leader Kevin McCarthy told GOP members the goal is for the House to vote on the tax bill next Tuesday, Dec. 19
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Re: 12/12/2017 Live Update

Postby Al_Dente » Tue Dec 12, 2017 12:57 pm

The munchkin and his team of 100+ people in the Treasury Department were “working around the clock” on modeling various estimates of the tax plan’s effects.
So yesterday he released their findings: a measly one-page “analysis” of the Senate tax bill — 470 words, including footnotes.
Everyone is pizzed. Here are just four problems:
http://www.thefiscaltimes.com/2017/12/1 ... Themselves
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Re: 12/12/2017 Live Update

Postby Cobra » Tue Dec 12, 2017 12:59 pm


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Re: 12/12/2017 Live Update

Postby Trades with cats » Tue Dec 12, 2017 1:01 pm

Not sure what to think. That last pop was driven by news so it could easily reverse. Yet we are high enough now to trigger short selling but I don't see it. Therefor, on paper, the high is in and we will sink back into the range as we run out of buy the all time high buyers and do not much until tomorrow after lunch when the Fed will reveal nothing new.
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