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01/02/2018 Live Update

Re: 01/02/2018 Live Update

Postby Cobra » Tue Jan 02, 2018 1:07 pm


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Re: 01/02/2018 Live Update

Postby Cobra » Tue Jan 02, 2018 1:10 pm

maybe it's making triangle here which if true the bias still is up.
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Re: 01/02/2018 Live Update

Postby Al_Dente » Tue Jan 02, 2018 1:18 pm

Al_Dente wrote:AD strong bull
12ad.png.png

NY advancing stocks = 1.6 x declining stocks
NY advancing volume = 3.2 x declining volume
AD weakens, but bull volume (moving into fewer stocks) still very strong
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Re: 01/02/2018 Live Update

Postby Trades with cats » Tue Jan 02, 2018 1:46 pm

20171221_overnight_0.jpg
Interesting point of view


Looking like the trend could continue!
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Re: 01/02/2018 Live Update

Postby Trades with cats » Tue Jan 02, 2018 1:59 pm

NQ 03-18 (650 Tick) 2018_01_02.png
NASDAQ futures


Chart I should have been trading today! :(
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Re: 01/02/2018 Live Update

Postby Cobra » Tue Jan 02, 2018 2:05 pm

it is triangle, bias is up.
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Re: 01/02/2018 Live Update

Postby Al_Dente » Tue Jan 02, 2018 2:20 pm

VIX
LOD few minutes ago
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Re: 01/02/2018 Live Update

Postby Al_Dente » Tue Jan 02, 2018 2:30 pm

[old post, from Friday]
Here’s the persistent problem with all that FLOW information:
“… another even more vexing question that has stumped most traders: while the cumulative return of the S&P over the past three years… [since 2015], has been … 34%, equity flows over the same period have been consistently negative [includes mutual funds and ETFs].
https://www.zerohedge.com/news/2017-12- ... ant-answer
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Re: 01/02/2018 Live Update

Postby Trades with cats » Tue Jan 02, 2018 2:34 pm

Oil- Several things happening now from various media posts.
1. US producers are at record sales in the futures market (COT report) but who knows if Harold Hamm and Da Boyz see a top or their bankers are demanding it.
2. Rig count has slowed down. I say really? Don't we all want to work on a drill rig in 25 below 0 ? I have also read they are out of experienced people but I don't see this as a reversal in US production.
3. Scottish pipeline is fixed. Libyan pipeline is fixed. Blown up Iranian pipeline means a gas shortage in Terhain, not a reduction in exports.
4. Hedge funds are betting OPEC overshoots on the tightening. Kemp at Reuters saying today that the spread betting looks like a market that is tightening. I say but betting on price spreads is what Hedge Funds do and they are the dumb money in this market.

I just think the Saudi jawboning and hurricane shutdowns have pushed this about as far as it can go. Record holiday travel is helping the numbers for now but I don't see another boost at this time. Venezuela is about gone (ok, relatively speaking) and no other producers are blowing up at this point. So OPEC/NOPEC will have to willingly reduce production. Saudi's are the only ones with a reason (the IPO) but they are broke so we will see if this time they actually do something beyond their traditional seasonal slow down. Last time they called it a production cut but I don't think they can do that twice in a row. I admit when the Hedge Funds get excited they can drive the market for several months. So my bottom line is we "should" be at a seasonal top with fundamentals ready to crash the market once again but this plot has more twists than a Mexican soap opera!
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Re: 01/02/2018 Live Update

Postby Trades with cats » Tue Jan 02, 2018 3:01 pm

DSjr5DMWsAYheOS.jpg

NOKOs getting ready for another rocket test.
(thanks to Stock Board Assets for the image)
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Re: 01/02/2018 Live Update

Postby fehro » Tue Jan 02, 2018 3:19 pm

TRANSports ATH TLT at 50d SMA, AAPL at 20d sMA…. NX/COMPQ pushing for ATH… VIX near 20d.50d convergence, put/call near extreme with diverging adv/dec .. RUT weakening.. buckle up.. :lol: :lol: :roll: :roll:
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Re: 01/02/2018 Live Update

Postby Trades with cats » Tue Jan 02, 2018 3:22 pm

RTY 03-18 (400 Tick) 2018_01_02.png
Small Caps about to go down bouncing on the overnight high with volume increasing as the price bars turn red. (seconds per bar dropping, bottom window on chart)
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Re: 01/02/2018 Live Update

Postby fehro » Tue Jan 02, 2018 3:28 pm

be uber careful.. on these two.. :roll: " looks" ripe for a possible nasty reversal on a huge gap :roll:
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Re: 01/02/2018 Live Update

Postby Al_Dente » Tue Jan 02, 2018 3:29 pm

SMALLS INTRADAY have a chance to double bottom here, else they are faulked
1min
12tna.png.png
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Re: 01/02/2018 Live Update

Postby Al_Dente » Tue Jan 02, 2018 3:37 pm

Miners INTRADAY have a chance to breakout of this triple top (knock three times) and they had better do so.... pronto.
1min
12miners.png.png
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Re: 01/02/2018 Live Update

Postby te_fern » Tue Jan 02, 2018 3:51 pm

Levered smalls have struggled all day...
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Re: 01/02/2018 Live Update

Postby Al_Dente » Tue Jan 02, 2018 4:01 pm

HAPPY HOUR
Image
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Re: 01/02/2018 Live Update

Postby Al_Dente » Tue Jan 02, 2018 4:04 pm

Al_Dente wrote:
Al_Dente wrote:AD strong bull
12ad.png.png

NY advancing stocks = 1.6 x declining stocks
NY advancing volume = 3.2 x declining volume
AD weakens, but bull volume (moving into fewer stocks) still very strong

NY advancing stocks = 1.4 x declining stocks
NY advancing volume = 2.8 x declining volume
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Re: 01/02/2018 Live Update

Postby Cobra » Tue Jan 02, 2018 4:23 pm

testing day high, key time.
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Re: 01/02/2018 Live Update

Postby trader24 » Tue Jan 02, 2018 4:31 pm

Trades with cats wrote:Oil- Several things happening now from various media posts.
1. US producers are at record sales in the futures market (COT report) but who knows if Harold Hamm and Da Boyz see a top or their bankers are demanding it.
2. Rig count has slowed down. I say really? Don't we all want to work on a drill rig in 25 below 0 ? I have also read they are out of experienced people but I don't see this as a reversal in US production.
3. Scottish pipeline is fixed. Libyan pipeline is fixed. Blown up Iranian pipeline means a gas shortage in Terhain, not a reduction in exports.
4. Hedge funds are betting OPEC overshoots on the tightening. Kemp at Reuters saying today that the spread betting looks like a market that is tightening. I say but betting on price spreads is what Hedge Funds do and they are the dumb money in this market.

I just think the Saudi jawboning and hurricane shutdowns have pushed this about as far as it can go. Record holiday travel is helping the numbers for now but I don't see another boost at this time. Venezuela is about gone (ok, relatively speaking) and no other producers are blowing up at this point. So OPEC/NOPEC will have to willingly reduce production. Saudi's are the only ones with a reason (the IPO) but they are broke so we will see if this time they actually do something beyond their traditional seasonal slow down. Last time they called it a production cut but I don't think they can do that twice in a row. I admit when the Hedge Funds get excited they can drive the market for several months. So my bottom line is we "should" be at a seasonal top with fundamentals ready to crash the market once again but this plot has more twists than a Mexican soap opera!


Aren't the Swaps (banks) at some all time record shorts on the COT report?
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