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12/26/2017 Live Update

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Cobra
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12/26/2017 Live Update

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triangle, bias is a little up.
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Cobra
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Re: 12/26/2017 Live Update

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Re: 12/26/2017 Live Update

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Re: 12/26/2017 Live Update

Post by Cobra »

Morning hourly hollow red bar.
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Re: 12/26/2017 Live Update

Post by Cobra »

RSP actually is up so SPX down is mainly because of AAPL, nothing wrong.
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te_fern
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Re: 12/26/2017 Live Update

Post by te_fern »

TICK doesn't look too bad...
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te_fern
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Re: 12/26/2017 Live Update

Post by te_fern »

Watching the box for the levered smalls....
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fehro
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Re: 12/26/2017 Live Update

Post by fehro »

VIX and TLT both testing 50d SPX bearish wedge 60m.. LOD goes on SPX with Conviction, looking for -40 point drop to 2636ish Dec 8th open gap.. measured move
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te_fern
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Re: 12/26/2017 Live Update

Post by te_fern »

Resistance line on the SPX...
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Daniel
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Re: 12/26/2017 Live Update

Post by Daniel »

Up/Down vol on NYSE is bullish by about 2:1. On Naz, slightly bearish.

NYSE and Naz advancers are low to moderate-- but not far off their HOD.
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Re: 12/26/2017 Live Update

Post by Daniel »

Cobra wrote:RSP actually is up so SPX down is mainly because of AAPL, nothing wrong.
AAPL currently hanging out around its daily VWAP, ca 170.50; just above there is the 5min 20MA and the Open, both around 170.75 or thereabouts.
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Al_Dente
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Re: 12/26/2017 Live Update

Post by Al_Dente »

ALMANAC:
three trading days following the Christmas
http://jeffhirsch.tumblr.com/post/16883 ... storically
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 12/26/2017 Live Update

Post by Al_Dente »

REBALANCING ALERT:
This week managed portfolios face a well-documented, mandatory “Quarterly Portfolio Rebalancing,” wherein the managers under contract to maintain a fixed percentage in stocks/bonds (often 65/35 but it varies), must re-align their portfolios to satisfy their contractual mandate.
Since stocks have outperformed bonds this quarter, these managed portfolios will be selling stocks and buying bonds to regain their mandated balance. This will be happening until end-of-quarter Friday 12/29/17, but many managers wait until the last minute to accomplish this.
With the “Santa Rally” in force, stock buyers may overwhelm the forced selling (as they have in some previous quarters), so we’ll see …
1226rebalance.png
Last edited by Al_Dente on Tue Dec 26, 2017 1:19 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 12/26/2017 Live Update

Post by Daniel »

IWM and MDY both again green.

SMH rebounding strongly from its nearly 2% selloff. Back over 98.
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Al_Dente
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Re: 12/26/2017 Live Update

Post by Al_Dente »

rotation update
1226rotation.png
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Re: 12/26/2017 Live Update

Post by Daniel »

Daniel wrote:AAPL currently hanging out around its daily VWAP, ca 170.50; just above there is the 5min 20MA and the Open, both around 170.75 or thereabouts.
After dipping below VWAP a bit the past half hour, the above is still basically true. Hanging around. If/when this behemoth takes decisive action, it will move the overall markets.
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Cobra
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Re: 12/26/2017 Live Update

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Re: 12/26/2017 Live Update

Post by Daniel »

Al_Dente wrote:REBALANCING ALERT
Indeed. TLT pure gap and go Uptrend Day, so far.
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Re: 12/26/2017 Live Update

Post by Daniel »

Retail is obviously strong today, holiday weekend was full of Strong Sales news. But the homebuilders are also doing well so far.

XLF and KRE were market leaders at the Open, currently are laggards. KRE down 1%.
Last edited by Daniel on Tue Dec 26, 2017 1:17 pm, edited 1 time in total.
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Al_Dente
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Re: 12/26/2017 Live Update

Post by Al_Dente »

JUNK needs to catch up, and the sooner the better
The compression on the HYG daily bolingers are tighter than they’ve been all year, meaning a BIG move is coming.
Bulls hope it’s up, as right now junk is underperforming spy and iwm, so credit risk is still a danger (junk hasn’t made a new high since October).
1226hyg.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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