12/15/2017 Live Update

[te_fern]

Pasta Boss, is the red single line down the P-bar you were referring to?

[Al_Dente]

NY AD bulls are 2.90 x stronger than bears
NY AD volume, bulls are 6.4 x stronger than bears (it was 11x at the open )

[Al_Dente]

Pasta Boss, is the red single line down the P-bar you were referring to?

yup

[te_fern]

Pasta Boss, is the red single line down the P-bar you were referring to?

yup

Please remind me what that means? Will the low of the bar be revisited at one point? Thx!

[te_fern]

Can we push up through the resistance line???

[Daniel]

At the OR-60, on Opex Friday, we see most sectors in the upper half of their daily range.

Many are close to their HOD. If multiple sectors burst thru, expect a big spurt in the indexes. Key to watch are XLF and XBD, both quite strong in absolute terms as well as intraday RS.

[Cobra]

this bull shall have legs.

[Al_Dente]

sessions introduces trump now

[Al_Dente]

Pasta Boss, is the red single line down the P-bar you were referring to?

yup

Please remind me what that means? Will the low of the bar be revisited at one point? Thx!

yup

[Daniel]

IBB, XHB, and MDY now join the previously mentioned sector etfs which have been flirting w new HODs... but have not yet pushed thru.

[te_fern]

Pasta Boss, is the red single line down the P-bar you were referring to?

yup

Please remind me what that means? Will the low of the bar be revisited at one point? Thx!

yup

Thanks boss!

[Daniel]

Please remind me what that means? Will the low of the p-bar be revisited at one point? Thx!

yup

Whoa Nellie! That there YUP is actually a theological assertion. It is a matter of faith that a phantom bar reading will be revisited. And indeed it tends to.

But the saying of a flat YUP is quite an act of faith--and should be seen as such. IT DOESN'T HAVE TO.

[te_fern]

Levered Financials are strong today, as Daniel said....

[Al_Dente]

..............But the saying of a flat YUP is quite an act of faith--and should be seen as such. IT DOESN'T HAVE TO.

Yup

[te_fern]

That's a very technical term!!

[fehro]

Put/Calls climb to other extreme 1.34 / Equities 1.26

[te_fern]

Seems like things might be rolling over, hope not!!

[Daniel]

From the OPEN:
Weak dogs.. Commodities, metals, emerging mkts
Strong dogs.. Financials, retail, smallcaps

update: First thru to new HOD: SMH, QQQ, UUP!

[Al_Dente]

bitcoin.jpg

Coolbizones twitter comment- "If you like massive volatility, leverage and CAN MANAGE RISK, BITCOIN futures are the way to go U can use STOPS and profit STOPS. Hourly ATR is huge $263.
Heavy margins $10333/contract.
Its amazing to trade this instrument personally."
My comment- Not me brother, you go right ahead and show us how it's done!

Sometimes I wonder if he's not up all night trading the stuff. He does seem to know what he is doing....

IMHO our fehro is as good/better than any of them
Recall one time he shorted the crypto FOUR MINUTES BEFORE it mini-crashed
(true story)

[Trades with cats]

Bank of Japan injects liquidity into carry trade and FOX news broadcasts an erroneous report about Senator Rubio. Market takes off. Senator says no I did not cave in. Market retraces 4 or so of the 10 handle move and sits. Time for a new trading plan for the rest of today!