11/13/2015 Live Update

[josephli]

Well seriously when the Department of Commerce shows retail tanking just before the holiday shopping season starts that can't be good for a consumer driven economy. And with performance as bad as it has been for hedge funds the 'I want my money back' letters must be pouring in so that only leaves buyback money to move this thing higher.

Probably worth noting that we are also coming into tax loss selling season between now and mid-December.
You guys are probably aware that a large chunk of the recent rally in the indexes was driven by a narrow set of big cap stocks.
There is a large cohort of stocks (not to mention other things... gold, etc.) that might get the heave ho for tax reasons.
We could get an interesting low in December for a Santa rally.
And if Santa fails to call...

Thanks boss, that make a lot of sense. either way,the market will get wild for all the squeeze and dump

[josephli]

Small caps on fire, nice V recovery closing in on the gap fill. The ES looks like the co-located HFT servers are broken. What is going on ?

Things are getting similar to last crash, where QQQ leads the way down, but IWM hold relatively.

[BullBear52x]

No new LL from here, it's a range day today. so far the open range of 5min. make life easy for bears, let see the 30min. will bless the bears or not.

[fehro]

Weeklies not looking pretty..

[Trades with cats]

ES is pathetic. Flatline for an hour and it didn't even get back to VWAP, and now it looks like its going to re=test the lows .

[fehro]

2022-2019 open gap.. SPX

[DellGriffith]

Tried a mad money long around SPY 203.56. I was fine as long as I didn't pick the exact top. Unfortunately I did and stopped out with a loss.

[fehro]

morning chart revisit

[marcueus]

I think low was in just now and we are going up to retest previous top

[Trades with cats]

TF just about to fill the morning gap.

[DellGriffith]

I think low was in just now and we are going up to retest previous top

I was thinking Unique signing off for the week represented a loss of confidence in his bearish view, so perhaps bounce. We hit one more lower low but its trying to bounce.

[Al_Dente]

[Cobra]

unlike this rebound means bears are over.

[Al_Dente]

Rate hike in December (probability 70%)
Who gets hurt?
reits and banks
http://www.schaeffersresearch.com/conte ... aign=Recap

[Trades with cats]

They need to find the problem with the HFT servers. Supposed to have two more green runs up like that last one. If they can't get to three push up Cobra may have to eat lunch early

[ALdaytrade]

Jumping into a long position here. Maybe up to 2060 ish then down on Monday for the last wave 5 ish? (Hackster here on wave counting!)

[fehro]

Rate hike in December (probability 70%)
Who gets hurt?
reits and banks
http://www.schaeffersresearch.com/conte ... aign=Recap

umm... thought rate hike is good for banks.. larger profit on debt… don't see many banks in that list

[BullBear52x]

Rate hike in December (probability 70%)
Who gets hurt?
reits and banks
http://www.schaeffersresearch.com/conte ... aign=Recap

umm... thought rate hike is good for banks.. larger profit on debt.

John Murphy said so too.

[Trades with cats]

Pasta Boss, can't think that a lousey 1/4 point is going to sink real estate. I think that Sam Zell selling all his apartment buildings like he did at the last real estate top is a giant flashing red sign.

[BullBear52x]

As always, support/resistance are meant to be broken.