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05/08/2018 Live Update

Daniel
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Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/08/2018 Live Update

Post by Daniel »

Not surprisingly, XLE has also seen a wide-range day today. Currently holding grn, in the upper half of its daily range.

USO is back to flat on day.
Trades with cats
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Re: 05/08/2018 Live Update

Post by Trades with cats »

NYMEX withholding closing prices on oil, must be carnage in the pits.
Daniel
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Re: 05/08/2018 Live Update

Post by Daniel »

SPY is looking now to finally escape the gravitational field of 265-66.

KRE and XLF are starting to show some leadership on my sector board. Financials have not been a tailwind for a while.
Wallstreetrader
Posts: 975
Joined: Thu Mar 17, 2011 12:00 pm

Re: 05/08/2018 Live Update

Post by Wallstreetrader »

someone got squeezed ! 62 next ?
Last edited by Wallstreetrader on Tue May 08, 2018 3:27 pm, edited 1 time in total.
fehro
Posts: 22880
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Re: 05/08/2018 Live Update

Post by fehro »

choppy slop… 2665 :roll: .. AAPL cracks H&S 5m .. indexes will crack buckle up for the close
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QED
Posts: 992
Joined: Wed Feb 11, 2015 2:04 pm

Re: 05/08/2018 Live Update

Post by QED »

Wallstreetrader wrote:someone got squeezed!
Maybe it was Mr. Orange?

Image
Daniel
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Joined: Fri Feb 10, 2012 4:27 pm

Re: 05/08/2018 Live Update

Post by Daniel »

UUP showing a daily doji but nonetheless looks to close at a fresh 20day high! Donchian buy signal.
Trades with cats
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Re: 05/08/2018 Live Update

Post by Trades with cats »

I am keeping a daily chart now. So far today, if lucky, will be a dragonfly doji, otherwise just a long legged doji. Either way it just doesn't look like a chart you can get bullish over right now.
QED
Posts: 992
Joined: Wed Feb 11, 2015 2:04 pm

Re: 05/08/2018 Live Update

Post by QED »

Trades with cats wrote:I am keeping a daily chart now. So far today, if lucky, will be a dragonfly doji, otherwise just a long legged doji. Either way it just doesn't look like a chart you can get bullish over right now.
Bulkowski's Dragonfly Doji
http://thepatternsite.com/Dragonfly.html
Daniel
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Re: 05/08/2018 Live Update

Post by Daniel »

IWM strong into the close. Also looking very strong on the daily chart.
Trades with cats
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Re: 05/08/2018 Live Update

Post by Trades with cats »

Failed at green, but will it sell?
brokebybernacke2
Posts: 1955
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Re: 05/08/2018 Live Update

Post by brokebybernacke2 »

Obama from the sidelines! what a world, took the bait.
Daniel
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Re: 05/08/2018 Live Update

Post by Daniel »

TLT said "tempest in a teapot" to Iran concerns, ran up, spiked down, and not too much in either direction. Bottom line: sits on a nearly flat 15min 200ema around 118.75

TBT has been a miserable trading vehicle recently, but it could break out with authority soon. This would take the 10yr yield well above 3.3%
fehro
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Re: 05/08/2018 Live Update

Post by fehro »

SPX 20d/50d sandwich :roll: :lol: TRANSports stopped at 20d/50d
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Cobra
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Re: 05/08/2018 Live Update

Post by Cobra »


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Cobra
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Re: 05/08/2018 Live Update

Post by Cobra »

well, guess that's it for today. Wednesday tomorrow has been generally bear friendly. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks.
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fehro
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Re: 05/08/2018 Live Update

Post by fehro »

SPX
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Daniel
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Re: 05/08/2018 Live Update

Post by Daniel »

spy UNCH

:|
brokebybernacke2
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Joined: Wed Sep 21, 2011 10:10 am

Re: 05/08/2018 Live Update

Post by brokebybernacke2 »

fehro wrote:SPX
down 2 points since end of 2017 :)
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