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12/12/2017 Live Update

te_fern
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Re: 12/12/2017 Live Update

Post by te_fern »

Biotechs are not participating in today's rally!
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Al_Dente
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Re: 12/12/2017 Live Update

Post by Al_Dente »

there's not much AD power to sustain this move.....
1212ad.png.png
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Cobra
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Re: 12/12/2017 Live Update

Post by Cobra »

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

Post by Al_Dente »

Trades with cats wrote: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.
Boss: what does Fumar say :twisted:
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Re: 12/12/2017 Live Update

Post by Trades with cats »

Fumar is working on his early holiday gift, has been half stoned for three days now, my trading is falling apart without him!
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Al_Dente
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Re: 12/12/2017 Live Update

Post by Al_Dente »

te_fern wrote:Biotechs are not participating in today's rally!
Boss: Here’s 15 days %, STRAIGHT no juice
Your biotech are orange
You can see how semis (gray at the bottom) lag the QQQ (black)
Best is red financials
1212fifteen percent.png.png
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te_fern
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Re: 12/12/2017 Live Update

Post by te_fern »

Al_Dente wrote:
te_fern wrote:Biotechs are not participating in today's rally!
Boss: Here’s 15 days %, STRAIGHT no juice
Your biotech are orange
You can see how semis (gray at the bottom) lag the QQQ (black)
Best is red financials
1212fifteen percent.png.png
It is interesting how the semis and biotechs, the high vol sectors, are both lagging. The market has definitely rotated....
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Re: 12/12/2017 Live Update

Post by Trades with cats »

ES 03-18 the R1 at 2670.75 did not hold. yesterday's highj, overnight high and VWAP are all right at 2668 so 2668.50 is a good line in the sand.
te_fern
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Re: 12/12/2017 Live Update

Post by te_fern »

As Mr. Dente said, the financials are strong in this market....
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te_fern
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Re: 12/12/2017 Live Update

Post by te_fern »

A pull back to the first moving average line and the R2 pivot...
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Cobra
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Re: 12/12/2017 Live Update

Post by Cobra »

the pullback will be bought if not already being bought.
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Al_Dente
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Re: 12/12/2017 Live Update

Post by Al_Dente »

why is the dow so strong?
INTRADAY, few moments ago
1212dow.png.png
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Al_Dente
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Re: 12/12/2017 Live Update

Post by Al_Dente »

just in:
Rand Paul NO on the budget bill
(not the tax bill)
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Al_Dente
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Re: 12/12/2017 Live Update

Post by Al_Dente »

Earlier:
SPY new hi
Non-confirmation: VIX no new low
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Re: 12/12/2017 Live Update

Post by Trades with cats »

Buy the pullback looking soft. Looks like a set up for a double top. Oscillators refusing to get out of neutral. Need another Senator to talk to the cameras.
te_fern
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Re: 12/12/2017 Live Update

Post by te_fern »

Big board ticks are going the wrong way for a new high....
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te_fern
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Re: 12/12/2017 Live Update

Post by te_fern »

Financials have continued higher....
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Re: 12/12/2017 Live Update

Post by Trades with cats »

ES 03-18 looking at VWAP again. So as usual either a double bottom sandwiched in with the double top (range time) or a breakdown. Pattern has been a sell down until the end of day ramp express.But past patterns do not guarantee future repeats. :lol:
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Re: 12/12/2017 Live Update

Post by Trades with cats »

ES 03-18 (1000 Tick) 2017_12_12B.png
Kissed the VWAP and back to the upper channel. Waiting for a third sell signal, will probably fail like the first two!
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Re: 12/12/2017 Live Update

Post by Trades with cats »

ES 03-18 (2 BetterRenko(17)) 2017_12_12.png
Renko land looks like consolidation so it can spring higher at Chair Yellen's farewell party.
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