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12/20/2017 Live Update

Re: 12/20/2017 Live Update

Postby te_fern » Wed Dec 20, 2017 2:55 pm

Pasta Boss, are you using the VWAP as the stop loss line?
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Re: 12/20/2017 Live Update

Postby te_fern » Wed Dec 20, 2017 2:56 pm

Can we push through the high of the opening???
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Re: 12/20/2017 Live Update

Postby te_fern » Wed Dec 20, 2017 3:00 pm

Back tested the magic line, will it hold...
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Re: 12/20/2017 Live Update

Postby Al_Dente » Wed Dec 20, 2017 3:02 pm

te_fern wrote:Pasta Boss, are you using the VWAP as the stop loss line?

Stop was the HIGHER LOWS in the 70.70 range
Very close to VWAP
Raised stop to the breakout in the 71.20 range [edit: where your blue line is]. I know it’s too tight, but there you are
I DO NOT like this double top nonsense. I don’t want it to correct much
(A few cents is a steak dinner)
IMHO
FWIW
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Re: 12/20/2017 Live Update

Postby Trades with cats » Wed Dec 20, 2017 3:04 pm

Is the bond market still sick today? Thinking risk parity funds reducing leverage as there is a clear headwind.
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Re: 12/20/2017 Live Update

Postby te_fern » Wed Dec 20, 2017 3:04 pm

Al_Dente wrote:
te_fern wrote:Pasta Boss, are you using the VWAP as the stop loss line?

Stop was the HIGHER LOWS in the 70.70 range
Very close to VWAP
Raised stop to the breakout in the 71.20 range, I know it’s too tight, but there you are
I DO NOT like this double top nonsense. I don’t want it to correct much
(A few cents is a steak dinner)
IMHO
FWIW


That was my first stop too, didn't want noise to knock me out. I moved up to 70.90. Probably need to move up to your point shortly....
Thanks, great info!!
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Re: 12/20/2017 Live Update

Postby te_fern » Wed Dec 20, 2017 3:06 pm

S&P is not helping us here with its weakening!
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Re: 12/20/2017 Live Update

Postby Al_Dente » Wed Dec 20, 2017 3:12 pm

for me price stop (pink dashed line) is better than vwap stop
i raised it to the breakout level
more sober folks would hold unless/until it breaks those higher lows there
but me want steak
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Re: 12/20/2017 Live Update

Postby Trades with cats » Wed Dec 20, 2017 3:13 pm

Speaking of corrections both the wave counters I follow are saying intermediate top could be in. One more negative, but both thinking a final higher high is possible. In other words intermediate top already is possible but not for sure yet.
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Re: 12/20/2017 Live Update

Postby Al_Dente » Wed Dec 20, 2017 3:17 pm

ALMANAC (old post from Dec 12, 2017)
“In a typical year the smaller fry stay on the sidelines while the big boys are on the field. Then, around late November, small stocks begin to stir and in mid-December, they take off.”
“Small-cap stocks tend to outperform big caps in January. This is frequently referred to as the “January Effect”…”
http://jeffhirsch.tumblr.com/post/16847 ... -small-cap
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Re: 12/20/2017 Live Update

Postby fehro » Wed Dec 20, 2017 3:34 pm

fehro wrote:SPX still try to fill Mon's gap.. if 2668.97 goes on SPX lookin for a VERY sharp drop to 2625.. yup crazy 40+ points SPX :roll: mind the open gaps below.


buckle up.. on the edge of cliff… SPY breaks looking for -$3.00 drop to 264.25 -- SPX could see a huge drop SPX 5m 3 day H&S LOD goes look for -22 point drop
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Re: 12/20/2017 Live Update

Postby brokebybernacke2 » Wed Dec 20, 2017 3:43 pm

fehro wrote:
fehro wrote:SPX still try to fill Mon's gap.. if 2668.97 goes on SPX lookin for a VERY sharp drop to 2625.. yup crazy 40+ points SPX :roll: mind the open gaps below.


buckle up.. on the edge of cliff… SPY breaks looking for -$3.00 drop to 264.25 -- SPX could see a huge drop SPX 5m 3 day H&S LOD goes look for -22 point drop



possible, so hard to believe santa would do such a thing...

on another note...

Block of DOOM puts buyer in Barclays suggests 30day hedgeBlock of DOOM puts buyer in Barclays suggests 30day hedge. Shares $10.85 with a notable purchase of 20K Jan 7 puts on the Amex at midday, opening a new position expiring in 30days struck nearly 36% below current spot. While Barclays shares have sat out the rally in most other financials this year, they have not seen the $6 handle since Brexit in June 2016.
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Re: 12/20/2017 Live Update

Postby Al_Dente » Wed Dec 20, 2017 3:51 pm

early HAPPY HOUR; see u tomorrow
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Re: 12/20/2017 Live Update

Postby Cobra » Wed Dec 20, 2017 3:52 pm

really just a dream.
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Re: 12/20/2017 Live Update

Postby Daniel » Wed Dec 20, 2017 4:16 pm

Cobra wrote:really just a dream.

Ah, but as a wise man is fond of saying, "all bulls need is imagination".

Santa Claus time is not usually the time for bears to dream.

:)
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Re: 12/20/2017 Live Update

Postby Daniel » Wed Dec 20, 2017 4:18 pm

Currently, IWM and QQQ are both hanging around their (flat) 15min 20ema. SPY remains below...
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Re: 12/20/2017 Live Update

Postby fehro » Wed Dec 20, 2017 4:20 pm

Daniel wrote:
Cobra wrote:really just a dream.

Ah, but as a wise man is fond of saying, "all bulls need is imagination".

Santa Claus time is not usually the time for bears to dream.

:)


Santa is going to book a profit.. lol :roll: and take a holiday
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Re: 12/20/2017 Live Update

Postby Daniel » Wed Dec 20, 2017 4:34 pm

Actually, according to Hirsh and STA the Santa Claus rally is just the last days of December, and not the whole month. The best is yet ahead! (on average, historically)

:)
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Re: 12/20/2017 Live Update

Postby brokebybernacke2 » Wed Dec 20, 2017 4:44 pm

Daniel wrote:Actually, according to Hirsh and STA the Santa Claus rally is just the last days of December, and not the whole month. The best is yet ahead! (on average, historically)

:)


yep
expect levitation soon into new year until budget/govt shutdown jan 19 - that should be about it on silly levitation...

that being said, opinion this really is a good spot for a bear to go to town, would be a shocker! but they hibernating already my guess...
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Re: 12/20/2017 Live Update

Postby Cobra » Wed Dec 20, 2017 4:51 pm


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