12/21/2017 Live Update

[Trades with cats]

Mondays Point of Control at 2694 is an obvious target. Also that rip up was a strong impulsive up wave so something must have happened.

[Al_Dente]

YESTERDAY:
T announced that once tax reform is signed into law, AT&T will not only invest an additional $1 billion in CapEx in the US in 2018, but also pay a "special bonus" of $1,000 to its more than 200,000 U.S. employees…
LAST NIGHT/TODAY:
Comcast announced Wednesday that it would award one-time $1,000 bonuses to more than 100,000 employees, which would include frontline and non-executive employees.
Others including Fifth Third Bancorp, Wells Fargo and Boeing, also announced that they would pass along tax savings to their workers.

[te_fern]

Bouncing along the first resistance pivot...

[Al_Dente]

GBTC
A couple days ago we noted [via zh and other sources] the enormous premium to NAV, and that it was shortable depending on your broker
[edit: at that time GBTC was roughly 3200 and the NAV was roughly 1600]

[te_fern]

And to finish your sentence Pasta Boss, if you don't mind, 'you'd made a lot of money if you'd shorted it!!'.

[Al_Dente]

And its inverse correlation with GLD and GDX seems to be playing out too

[Trades with cats]

So I am on record as saying this whole crypto mania rhymes a lot with dotcom mania. I am not purposefully looking for news to confirm my bias but really you just can not make this stuff up.
https://www.marketwatch.com/story/long-island-iced-tea-soars-after-saying-it-will-change-its-focus-to-blockchain-2017-12-21

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2017/12 ... ay-update/

[Al_Dente]

So I am on record as saying this whole crypto mania rhymes a lot with dotcom mania. I am not purposefully looking for news to confirm my bias but really you just can not make this stuff up.
https://www.marketwatch.com/story/long-island-iced-tea-soars-after-saying-it-will-change-its-focus-to-blockchain-2017-12-21

incredible
"Here Are The Latest Stocks Joining The Bitcoin Frenzy"
https://www.investors.com/news/e-trade- ... yptr=yahoo

[Cobra]

the pullback will be bought.

[Al_Dente]

Short term, NOT INTRADAY
TNA and NUGT 15min

[te_fern]

Short term, NOT INTRADAY
TNA and NUGT 15min

1221st tna nugt.png.png

A little frustrating to be knocked out of TNA!!

[Al_Dente]

Sure winners are/will be the brokerage firms that allow all bitcoin trading and get tons of commish
Fidelity, AMTD, ETFC and others
$XBD
IAI (all broker/dealer ETF)

[Al_Dente]

Short term, NOT INTRADAY
TNA and NUGT 15min

1221st tna nugt.png.png

A little frustrating to be knocked out of TNA!!

intraday vs swing

[Al_Dente]

VIX up
SPY up
where's fehro?

[te_fern]

Short term, NOT INTRADAY
TNA and NUGT 15min

1221st tna nugt.png.png

A little frustrating to be knocked out of TNA!!

intraday vs swing

So, do you use different stop loss points depending on intraday vs. swing? Thanks, Boss!

[Al_Dente]

Jefferies gives employees a choice to receive bonuses now or next year
[bloomb]

[Al_Dente]

So, do you use different stop loss points depending on intraday vs. swing? Thanks, Boss!

All I want is HIGHER LOWS boss
The higher low SWING STOP on TNA is in the 70.20 zone
Problem is TNA is notorious for overshooting and undershooting… so… grain of salt…

[te_fern]

So, do you use different stop loss points depending on intraday vs. swing? Thanks, Boss!

All I want is HIGHER LOWS boss
The higher low SWING STOP on TNA is in the 70.20 zone
Problem is TNA is notorious for overshooting and undershooting… so… grain of salt…

Gotcha, the life of a trader!!

[Al_Dente]

Here’s what I mean boss
Pinks are swing stops
Overshoots and undershoots are TRAPS. Once traders realize it’s a trap they scramble to reverse or at least close out and await better opportunity.
That’s just me boss; everybody is different, with different timeframes. This is swing, 15 min