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05/24/2018 Live Update

05/24/2018 Live Update

Postby Cobra » Thu May 24, 2018 9:29 am

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Still in a range and near range high so maybe pullback is a little more likely?
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Re: 05/24/2018 Live Update

Postby fehro » Thu May 24, 2018 9:31 am

/ES SPX … mind the pink bear flag SPX .. mind the morning gap
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Re: 05/24/2018 Live Update

Postby Cobra » Thu May 24, 2018 9:32 am


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Re: 05/24/2018 Live Update

Postby 1der » Thu May 24, 2018 9:33 am

SPY New PBar overnight at 271.25
SPY 052418_01.jpg
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Re: 05/24/2018 Live Update

Postby Al_Dente » Thu May 24, 2018 9:34 am

oil dumps
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Re: 05/24/2018 Live Update

Postby Cobra » Thu May 24, 2018 9:34 am

the open.

the pullback might be bought, but today likely is a boring range day so probably I'll have no trade unless I'm sure this bull shall have legs.
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Re: 05/24/2018 Live Update

Postby fehro » Thu May 24, 2018 9:41 am

TLT active.. nears 50d 119.11 ..TRANsports push
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Re: 05/24/2018 Live Update

Postby Trades with cats » Thu May 24, 2018 9:42 am

This is painful watching the opening gap try to close.
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Re: 05/24/2018 Live Update

Postby fehro » Thu May 24, 2018 9:45 am

struggles to fill tiny morning gap.. IWM weak.. near yLOD
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Re: 05/24/2018 Live Update

Postby Al_Dente » Thu May 24, 2018 9:46 am

unemployment claims were up
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Re: 05/24/2018 Live Update

Postby Trades with cats » Thu May 24, 2018 9:49 am

As Ron Burgundy says, "That escalated quickly". Wasn't expecting a retest of the overnight low that fast.

Thanks Pasta Boss for the bot trigger!
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Re: 05/24/2018 Live Update

Postby Al_Dente » Thu May 24, 2018 10:01 am

Update on Bloomberg’s “Smart Money Index”
[Posted yesterday by WSJ]
IT LOOKS DREADFUL
Recall that this index is calculated by taking the action of the Dow during two time periods: the first 30 minutes and the close. The first 30 minutes represent emotional buying, driven by greed and fear based on good/bad news. “Smart money” waits until the end of the day and then they move big. These heavy hitters have the best possible information available, and they have the edge on all other market participants.
https://pbs.twimg.com/media/Dd162U-VwAA71YR.jpg
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Re: 05/24/2018 Live Update

Postby fehro » Thu May 24, 2018 10:02 am

fehro wrote:/ES SPX … mind the pink bear flag SPX .. mind the morning gap



bear flag breaking ..mind lower gap.. and 20d/50ds indexes
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Re: 05/24/2018 Live Update

Postby Cobra » Thu May 24, 2018 10:03 am


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Re: 05/24/2018 Live Update

Postby Al_Dente » Thu May 24, 2018 10:04 am

NY declining stocks = 1.9 x advancing stocks
NY declining volume = 2.2 x advancing volume
BEAR
These numbers need to stay above 1.7 and get stronger, for bear to continue
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Re: 05/24/2018 Live Update

Postby Trades with cats » Thu May 24, 2018 10:06 am

ES 06-18 (15 Minute) 2018_05_24.png
15 minute RTH

A week of 15 minute bars. Unemployment or cancelled summit doesn't matter the market makes the news and we are back to the most common price in the last 5 days.

This means the Fed was a one day wonder.
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Re: 05/24/2018 Live Update

Postby brokebybernacke2 » Thu May 24, 2018 10:10 am

some fun with numbers/patterns for hopeful bears down the line. note only a 30 point spread now on the 50 v 200 dma, angle on that 50 needs to turn up for more bull time...have a great weekend!
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Re: 05/24/2018 Live Update

Postby Al_Dente » Thu May 24, 2018 10:13 am

NOT INTRADAY
small cap, large cap, and tech
the 10ema of the ADVANCE DECLINE PERCENT, ADP
(one day lag)
I think it is Art Hill who says we need to see the average hit +30/-30 to indicate a strong bull/bear thrust, but I see them showing interim tops/bottoms.
524adp.png
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Re: 05/24/2018 Live Update

Postby Al_Dente » Thu May 24, 2018 10:22 am

Al_Dente wrote:NY declining stocks = 1.9 x advancing stocks
NY declining volume = 2.2 x advancing volume
BEAR
These numbers need to stay above 1.7 and get stronger, for bear to continue

NY declining stocks = 1.6 x advancing stocks (no, no, no, that means narrow-based selling…)
NY declining volume = 2.3 x advancing volume (… on healthy red volume)
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Re: 05/24/2018 Live Update

Postby Junior Buffett » Thu May 24, 2018 10:23 am

Trump the great turn around again...NK meeting cancelled

Image

I am also hearing that there will be big tariff on car import..which makes sense with his comment couple of days ago to autoworkers that he has a big pleasant surprise for them!
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