02/23/2017 Live Update

[Al_Dente]

NY advancing stocks = 0.83 x declining stocks (this was about 3.5x at the open; bulls gave it all away)
NY advancing volume = 0.66 x declining volume

NY declining stocks = 1.2 x advancing stocks
NY declining volume = 1.5 x advancing volume
Bear bias but a newborn baby bear so far……. need to bring out the papa bear at 2x and stronger

[Al_Dente]

from last night: As China's Housing Minister Admits There Is A Bubble, Axiom Warns "Sell Commodities Now"
(note copper and JJC today)

[K447]

from last night: As China's Housing Minister Admits There Is A Bubble ...

Link?

[Al_Dente]

ATH today:
INDU yes
SPX yes
RUT no (hit hard today)
NDX yes (regardless of where it closes, this is an “outside day” on NDX)
BKX nope

[Al_Dente]

from last night: As China's Housing Minister Admits There Is A Bubble ...

Link?

zh yesterday and today, here’s one link:
http://www.zerohedge.com/news/2017-02-2 ... dities-now

[Cobra]

members only update at 12:10 pm
http://www.cobrasmarketview.com/2017/02 ... ay-update/

[BullBear52x]

sell failed.

[Trades with cats]

From last night, Bank analyst figures out that China Credit Creation is what it is all about.

http://www.zerohedge.com/news/2017-02-2 ... d-negative

[Cobra]

no bother to say this bear shall have legs but it's easy to say this bull shall have legs.

[BullBear52x]

/DX is back to life again. Hmmm...

[Al_Dente]

SPY barely touched and did not fill Tuesday’s gap

[Trades with cats]

Mission Accomplished
But I sure don't see any strength in this slow uphill creep.
I am traveling the next couple of days and am afraid I will be missing some pretty good fireworks.

[Al_Dente]

NY advancing stocks = 0.83 x declining stocks (this was about 3.5x at the open; bulls gave it all away)
NY advancing volume = 0.66 x declining volume

NY declining stocks = 1.2 x advancing stocks
NY declining volume = 1.5 x advancing volume
Bear bias but a newborn baby bear so far……. need to bring out the papa bear at 2x and stronger

NY advancing stocks = 1.1 x declining stocks
NY advancing volume = 0.73 x declining volume
Where's the beef?
Not much .....yet...

[Trades with cats]

Yesterday's high looks like that was all there is for now. Maybe some Central Banker will panic if we drop back into the red.

[Al_Dente]

NOT MARKET RELATED
Storm
“Doris”
UK
Holy shit watch this plane land:
http://www.dailymail.co.uk/travel/trave ... ailymailUK

[Trades with cats]

That i minute ES chart is generating a sell signal every five minutes but the ADX is dead, so no serious conviction. VWAP sitting in the middle of the daily pivot zone at 2360. At least ther six is in the wrong spot.

[Trades with cats]

Tap dancing on VWAP with an uptick in volume.

[Al_Dente]

IWM 5min
If we can re-test today’s bottom, it will be a descending triangle
Yup just guessing, looking for a pattern

Also guessing:
If we closed near here I see a few, maybe
Hanging Man
“In theory, it is supposed to be a bearish reversal but it actually is a bullish continuation pattern 59% of the time” aka "near random."
http://thepatternsite.com/HangingMan.html

[BullBear52x]

back to where we were yesterday. bears got the red zone back.

[Cobra]

buying pullback as expected. now pray this time is different the buying would fail. pray.