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12/19/2017 Live Update

12/19/2017 Live Update

Postby Cobra » Tue Dec 19, 2017 10:22 am

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consolidation, bias is up.
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Re: 12/19/2017 Live Update

Postby Trades with cats » Tue Dec 19, 2017 10:41 am

Rumor has it the House will vote Tax Bill 1:30 to 2:00 time frame.
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Re: 12/19/2017 Live Update

Postby Cobra » Tue Dec 19, 2017 10:59 am


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Re: 12/19/2017 Live Update

Postby Trades with cats » Tue Dec 19, 2017 11:05 am

ES 03-18 (1100 Tick) 2017_12_19.png

Just pointing out that yesterday's high was tested twice last night. The opening pullback was clearly stopped at once again a MAGIC number, this time the Central Pivot.
Next up for me, will VWAP stop or confirm the bounce?
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Re: 12/19/2017 Live Update

Postby fehro » Tue Dec 19, 2017 11:12 am

It's all AAPL's fault.. mind yGAPs.. evening stars, dark clouds.. way way too early..

https://www.bloomberg.com//news/articles/2017-12-19/apple-gets-a-rare-downgrade-after-rising-more-than-50-in-2017

The tech giant got a rare downgrade this morning from Nomura Instinet analyst Jeffrey Kvaal, who says that iPhone X sales as well as other positives for the company are already baked into the stock price. He lowered the rating to neutral.
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Re: 12/19/2017 Live Update

Postby Trades with cats » Tue Dec 19, 2017 11:19 am

Small caps showing much better strength today, still trading in the green.
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Re: 12/19/2017 Live Update

Postby brokebybernacke2 » Tue Dec 19, 2017 11:20 am

fehro wrote:It's all AAPL's fault.. mind yGAPs.. evening stars, dark clouds.. way way too early..

https://www.bloomberg.com//news/articles/2017-12-19/apple-gets-a-rare-downgrade-after-rising-more-than-50-in-2017

The tech giant got a rare downgrade this morning from Nomura Instinet analyst Jeffrey Kvaal, who says that iPhone X sales as well as other positives for the company are already baked into the stock price. He lowered the rating to neutral.


agree, big fruit is overripe...will lead the overall correction..
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Re: 12/19/2017 Live Update

Postby Trades with cats » Tue Dec 19, 2017 11:24 am

fehro wrote:It's all AAPL's fault.. mind yGAPs.. evening stars, dark clouds.. way way too early..


Big piece by BofA Merrill up on Zerohedge showing the fund managers rotating out of tech and FAANGs and into the safe (er) stuff for year end. Same piece shows their rankings of what can go wrong and their best guess for when the market turns. It is no longer a question of which year, it is which quarter. :o
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Re: 12/19/2017 Live Update

Postby Trades with cats » Tue Dec 19, 2017 11:39 am

ES 03-18 (2 BetterRenko(17)) 2017_12_19.png

Looking at the levels in the GAP. A 50% retrace is now seeming possible. as it is within 1 deviation band.Again, if the House passes the tax bill this afternoon I would think New All Time Highs would be a potential.
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Re: 12/19/2017 Live Update

Postby Al_Dente » Tue Dec 19, 2017 11:43 am

[ADD edit: the stock that the SEC halted was CRCW]
LFIN
Following last night's chaotic appearance of LongFin CEO on FastMoney… In what we suspect will be the first of many, The SEC has suspended trading of shares in LFIN due to "potentially manipulative transactions in the company’s stock.”
[BUT IT IS STILL TRADING PER STOCKCHARTS THIS MORNING - ??]
http://www.zerohedge.com/news/2017-12-1 ... coin-mania
Last edited by Al_Dente on Tue Dec 19, 2017 1:46 pm, edited 1 time in total.
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Re: 12/19/2017 Live Update

Postby Trades with cats » Tue Dec 19, 2017 12:07 pm

Back into the 30 minute opening range. VWAP at the daily Pivot Point is my guess for the first upside target after London/Frankfurt close.
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Re: 12/19/2017 Live Update

Postby te_fern » Tue Dec 19, 2017 12:49 pm

Is this the pullback before the year end rally?
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Re: 12/19/2017 Live Update

Postby te_fern » Tue Dec 19, 2017 12:53 pm

Levered smalls are pulling back....
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Re: 12/19/2017 Live Update

Postby te_fern » Tue Dec 19, 2017 12:54 pm

The TICKs are headed down...
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Re: 12/19/2017 Live Update

Postby fehro » Tue Dec 19, 2017 1:00 pm

fehro wrote:It's all AAPL's fault.. mind yGAPs.. evening stars, dark clouds.. way way too early..

https://www.bloomberg.com//news/articles/2017-12-19/apple-gets-a-rare-downgrade-after-rising-more-than-50-in-2017

The tech giant got a rare downgrade this morning from Nomura Instinet analyst Jeffrey Kvaal, who says that iPhone X sales as well as other positives for the company are already baked into the stock price. He lowered the rating to neutral.


damage starting.. VIX nears 20d/50d Expiration tomorrow fwiw
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Re: 12/19/2017 Live Update

Postby Al_Dente » Tue Dec 19, 2017 1:02 pm

Fern Boss: soxl and labu drop 1 point and more in ONE MINUTE
Who needs that? (asking for a friend :roll: )
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Re: 12/19/2017 Live Update

Postby Cobra » Tue Dec 19, 2017 1:05 pm


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Re: 12/19/2017 Live Update

Postby Al_Dente » Tue Dec 19, 2017 1:09 pm

VIX hod
SPY lod
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Re: 12/19/2017 Live Update

Postby te_fern » Tue Dec 19, 2017 1:11 pm

Al_Dente wrote:Fern Boss: soxl and labu drop 1 point and more in ONE MINUTE
Who needs that? (asking for a friend :roll: )

Yes, not pretty! SOXL has been strong the last couple of days, but LABU has been lagging till this morning.
Have to watch for the MA lines to cross back positive for new opportunity!!! :D :D
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Re: 12/19/2017 Live Update

Postby te_fern » Tue Dec 19, 2017 1:13 pm

VIX on the move up, but still not in worry territory!!
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