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05/24/2018 Live Update

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Cobra
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05/24/2018 Live Update

Post by Cobra »

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

Post by fehro »

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

Post by Cobra »


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1der
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Re: 05/24/2018 Live Update

Post by 1der »

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

Post by Al_Dente »

oil dumps
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 05/24/2018 Live Update

Post by Cobra »

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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fehro
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Re: 05/24/2018 Live Update

Post by fehro »

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

Post by Trades with cats »

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

Post by fehro »

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

Post by Al_Dente »

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

Post by Trades with cats »

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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Al_Dente
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Re: 05/24/2018 Live Update

Post by Al_Dente »

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
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro
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Re: 05/24/2018 Live Update

Post by fehro »

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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Cobra
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Re: 05/24/2018 Live Update

Post by Cobra »


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Al_Dente
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Re: 05/24/2018 Live Update

Post by Al_Dente »

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
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 05/24/2018 Live Update

Post by Trades with cats »

15 minute RTH
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.
brokebybernacke2
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Re: 05/24/2018 Live Update

Post by brokebybernacke2 »

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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Al_Dente
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Re: 05/24/2018 Live Update

Post by Al_Dente »

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
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 05/24/2018 Live Update

Post by Al_Dente »

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)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Junior Buffett
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Re: 05/24/2018 Live Update

Post by Junior Buffett »

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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