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Re: 10/17/2019 Live Update
Posted: Thu Oct 17, 2019 2:55 pm
by Trades with cats
Prior measured moves working again on this run up from the last swing low. But it took two legs, so not really that strong. Third leg will get us to the opening print and pave the way for a neutral day
Re: 10/17/2019 Live Update
Posted: Thu Oct 17, 2019 2:58 pm
by BullBear52x
Classic range day trades. chop chop, sell here one more time. (nimble 3-5 handles.)
Re: 10/17/2019 Live Update
Posted: Thu Oct 17, 2019 3:00 pm
by Al_Dente
HAPPY HOUR
RATE HIKE ODDS
https://www.cmegroup.com/trading/intere ... -fomc.html
Earnings: Friday, October 18
Before the open: AXP, KO, SST
After the close: not much
Re: 10/17/2019 Live Update
Posted: Thu Oct 17, 2019 3:06 pm
by K447
You referring to the linked chart with a notation showing 85% prob of rate
cut?
Re: 10/17/2019 Live Update
Posted: Thu Oct 17, 2019 3:10 pm
by Al_Dente
"In the last 10 minutes of trading at the Chicago Mercantile Exchange on Friday, September 13, someone got very lucky. That’s when he or she, or a group of people, sold short 120,000 “S&P e-minis”... when the index was trading around 3010. The time was 3:50 p.m. in New York; it was nearing midnight in Tehran. A few hours later, drones attacked a large swath of Saudi Arabia’s oil infrastructure, choking off production in the country and sending oil prices soaring. By the time the CME next opened, for pretrading on Sunday night, the S&P index had fallen 30 points, giving that very fortunate trader, or traders, a quick $180 million profit."
"It was not an isolated occurrence."
https://www.vanityfair.com/news/2019/10 ... aos-trades
Re: 10/17/2019 Live Update
Posted: Thu Oct 17, 2019 3:11 pm
by JFR
ES five minute. Riding the range, between S and R levels. Gotta go. Have a good one.
Re: 10/17/2019 Live Update
Posted: Thu Oct 17, 2019 3:11 pm
by Al_Dente
K447 wrote:
You referring to the linked chart with a notation showing 85% prob of rate
cut?
yes, rate cut, thanks
Re: 10/17/2019 Live Update
Posted: Thu Oct 17, 2019 3:26 pm
by BullBear52x
Chart for the road: TRIN saved the day. looking to the upper BB before any meaningful selling. Peace!
Re: 10/17/2019 Live Update
Posted: Thu Oct 17, 2019 3:38 pm
by BullBear52x
Note: today is is Gap and no Go, more down side tomorrow is very possible.
Re: 10/17/2019 Live Update
Posted: Thu Oct 17, 2019 3:50 pm
by Heck
BullBear52x wrote:Note: today is is Gap and no Go, more down side tomorrow is very possible.
Agree
Undervalued C/P Index CALLS back to premium to close out volatile UP today
Tomorrow another story
$CPCI P/C already begun to fall daily and weekly
SPY shorts extremely low
Advisers more Bullish than they were in 1987
https://www.yardeni.com/pub/peacockbullbear.pdf
Looks like 16 Oct 1987
When SPY Puts made 100X in a day
(Thinking out of the Box here now)
Re: 10/17/2019 Live Update
Posted: Thu Oct 17, 2019 3:53 pm
by Cobra
Re: 10/17/2019 Live Update
Posted: Thu Oct 17, 2019 3:55 pm
by Heck
Al_Dente wrote:K447 wrote:
You referring to the linked chart with a notation showing 85% prob of rate
cut?
yes, rate cut, thanks
Rate cuts at this point in the economic cycle can be bearish
Re: 10/17/2019 Live Update
Posted: Thu Oct 17, 2019 3:55 pm
by Cobra
well, guess that's it for today. here's what Friday looks like:
https://stockcharts.com/public/1684859/ ... /533449397
thank you guys, I'll see you in another thread soon.
before the close, please take a little time to vote for me, thanks:
https://stockcharts.com/public/1684859/ ... /533449397
Re: 10/17/2019 Live Update
Posted: Thu Oct 17, 2019 4:05 pm
by Heck
Thanks for the good calls.
Friday down ?
Re: 10/17/2019 Live Update
Posted: Thu Oct 17, 2019 4:33 pm
by Skates
BullBear52x wrote:Chart for the road: TRIN saved the day. looking to the upper BB before any meaningful selling. Peace!
Double check TRIN, it closed above 1.0 on that final push down.