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12/21/2017 Live Update

fehro
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Re: 12/21/2017 Live Update

Post by fehro »

Al_Dente wrote:VIX up
SPY up
where's fehro?
lurking in the busy holiday shadows.. :roll: :lol: :lol: nibble small short 2693/95ish double top.. bonds up too
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Al_Dente
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Re: 12/21/2017 Live Update

Post by Al_Dente »

If you are the biggest WHALE hedge-fund guy, I’ll read you.
(What’s really pathetic is that the US “lags significantly in … internet speeds” … and we’ve seen that noted before by other guys in other tables, so he’s not telling us anything new here.)
http://www.zerohedge.com/news/2017-12-2 ... -wont-help
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 12/21/2017 Live Update

Post by te_fern »

Al_Dente wrote: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
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That makes sense. I'll have to start watching for those!!
This is not investment or trade advice.
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Cobra
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Re: 12/21/2017 Live Update

Post by Cobra »

the pullback will be bought again.
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Al_Dente
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Re: 12/21/2017 Live Update

Post by Al_Dente »

Problem with the “Smart Money Index” (now diverging) is that they never explain WTF that index is composed of, or what it really means.
BUT HERE THEY EXPLAIN IT THOROUGHLY, and it’s worth reading
http://www.zerohedge.com/news/2017-12-2 ... ump-stocks
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 12/21/2017 Live Update

Post by Al_Dente »

Could someone please replicate that SMART MONEY INDEX (per the instructions given) and post periodic results here?
I’ll screw it up if I do it. :roll:
Volunteers?
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 12/21/2017 Live Update

Post by Al_Dente »

BofA is not my favorite “analyst” as they cry wolf every week/few weeks based on flows.
Nonetheless here is their quickie-cheat sheet for bear market indicators. They now have 11 of their 19 indicators crying bear.
http://www.zerohedge.com/sites/default/ ... nposts.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 12/21/2017 Live Update

Post by Al_Dente »

HAPPY HOUR
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Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
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Re: 12/21/2017 Live Update

Post by te_fern »

I guess the new tax law didn't bother the biotechs as much as we thought, touching 8 day highs today!
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Trades with cats
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Re: 12/21/2017 Live Update

Post by Trades with cats »

If you're going to make year end bonus it won't be by buying your benchmark! Need leverage and beta, hellow biotech. In another year they will be all over blockchain plays at year end. Just make sure you trade out before the year end holdings list gets compiled for the customers. :lol:
Trades with cats
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Re: 12/21/2017 Live Update

Post by Trades with cats »

B of A Merrill recession indicators are valid for the typical post war recession. Instead we are up in the third central bank caused liquidity bubble so on paper only the dot com and housing bubble crashes are relevant. What Paul Volker did fighting inflation is not.Besides, where was the actionable items to go with their forecast?
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Re: 12/21/2017 Live Update

Post by Trades with cats »

Sitting on VWAP building strength for tomorrow or Monday when we get through ES 2,700.
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Cobra
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Re: 12/21/2017 Live Update

Post by Cobra »


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Cobra
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Re: 12/21/2017 Live Update

Post by Cobra »

well, guess that's it for today. Friday tomorrow has been generally bull friendly. thank you guys, I'll see you tomorrow.

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Cobra
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Re: 12/21/2017 Live Update

Post by Cobra »

interesting close, but still doesn't mean anything unless bears can make a huge red bar and follow through the 2nd day again.
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