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04/26/2017 Live Update
Posted: Wed Apr 26, 2017 9:21 am
by Cobra
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consolidation, bias is up.
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 9:24 am
by Cobra
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 9:50 am
by Trades with cats
- ES RTH session Floor Pivots and ADR
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 10:04 am
by Trades with cats
Pros were saying in print this morning that we are awaiting the tax plan talk. An I Bank said that based on what they had seen nothing will pass congress.
I do know that the API inventory was not good so if the DOE report this morning confirms a massive gasoline build and an increase in crude inventories it will put pressure on the hedge funds. To be a broken record, the only reason oil is as high as it is right now is the massive new buyer that entered the futures market last winter, Hedge Funds. Unfortunately for them everybody and their cousin knew that in this time zone their resolve would be tested by one or more negative weekly inventory reports. This could be that 'all in' moment at the poker table. Or not.
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 10:06 am
by te_fern
Still have my TNA, will be looking for an exit today if we don't make a HH over yesterday...
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 10:06 am
by Cobra
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 10:12 am
by fehro
Put/Call etreme 0.57 equites 0.50 .. TRIN @ 1.00 be careful to the long side - VIX VXX TLT green
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 10:12 am
by te_fern
Took profits at 112.00, on the recent run-up. Now to look for new opportunities!!
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 10:16 am
by fehro
fehro wrote:Put/Call etreme 0.57 equites 0.50 .. TRIN @ 1.00 be careful to the long side - VIX VXX TLT green
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 10:21 am
by te_fern
fehro wrote:Put/Call etreme 0.57 equites 0.50 .. TRIN @ 1.00 be careful to the long side - VIX VXX TLT green
Thanks fehro, your warnings and the Pasta Boss's warnings about being over-bought, helped in my decision-making!
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 10:31 am
by Trades with cats
All is well in oil land, DOE draw double expected at 3.6 m barrels
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 10:46 am
by Al_Dente
Last night:
According to Zerohedge: “It appears the bears have almost fully "thrown in the towel" as short interest in the US equity market's most liquid ETF [SPY] has tumbled to its lowest since May 2007.”
“In fact, the last time shorts were this dis-spirited was just as the S&P 500 began its rounded top and freefall from a previously "permanently high plateau."
According to Al Dente: This is misleading, as the market kept going up for a few months until the big final top in October 2007.
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 10:57 am
by te_fern
Bought some Emerging markets on this pull-back. We'll wait and see if I'm too late to the party!
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 10:58 am
by Al_Dente
Fern
On IWM: Try testing out a few different moving averages to smooth the STO more
This one is 34-40 but others work fine, depending on yr style
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 11:04 am
by brokebybernacke2
Al_Dente wrote:Last night:
According to Zerohedge: “It appears the bears have almost fully "thrown in the towel" as short interest in the US equity market's most liquid ETF [SPY] has tumbled to its lowest since May 2007.”
“In fact, the last time shorts were this dis-spirited was just as the S&P 500 began its rounded top and freefall from a previously "permanently high plateau."
According to Al Dente: This is misleading, as the market kept going up for a few months until the big final top in October 2007.
this plays well..sell in june july ,august, sept?
My guess is the budget/govt shutdown issues swing into full gear early fall - Congress will pass some stopgap bill to fund the government through the rest of fiscal year 2017. The government's fiscal year ends on September 30, 2017, and the new fiscal year will begin on October 1, 2017. some fireworks to celebrate the peak?
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 11:11 am
by uempel
Bullish Percentages still positive/neutral:
http://stockcharts.com/freecharts/candl ... ,$BPENER|B|
SPX very close to the previous closing high at 2395.96 on March 1st:
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 11:13 am
by te_fern
Al_Dente wrote:Fern
On IWM: Try testing out a few different moving averages to smooth the STO more
This one is 34-40 but others work fine, depending on yr style
426one.png.png
Thanks, I'll have to look at it. Maybe able to use it as a sell guide. As long as the EMA on STO is moving up, the direction is higher!
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 11:24 am
by te_fern
Al_Dente wrote:Fern
On IWM: Try testing out a few different moving averages to smooth the STO more
This one is 34-40 but others work fine, depending on yr style
426one.png.png
Boss, I think my style is a nervous, swing trader!
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 11:24 am
by Al_Dente
brokebybernacke2 wrote:Al_Dente wrote:Last night: .................
this plays well..sell in june july ,august, sept?
My guess is the budget/govt shutdown issues swing into full gear early fall - Congress will pass some stopgap bill to fund the government through the rest of fiscal year 2017. The government's fiscal year ends on September 30, 2017, and the new fiscal year will begin on October 1, 2017. some fireworks to celebrate the peak?
Re: 04/26/2017 Live Update
Posted: Wed Apr 26, 2017 11:27 am
by fehro
SPY wants ATH 240.32 Mar 1