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McDonald's shares halted ahead of investor presentation [CNBC]Al_Dente wrote:zh is reporting MCD halted
[needs corroboration]
MCD is 4.2% of the dow
Interesting, thanks mr b..Mr. BachNut wrote:Mr. B here checking in.
The NYMO cycle looks like it may be down!?!?
I would like to see a little more to confirm.
For some time, we have been bobbling around the zero line while price does what it wants.
In any case, I have a possible cycle high at Feb. 13 with a benchmark SPX at 2331.58.
Since then NYMO has been divergent to price... but it has not mattered.
Price made another big gap up this morning and is well above my upper keltner band.
This bull from the February 2016 low has been defined by unclosed gaps, which are many...
I have only blue sky in terms of up targets, but SPX 2,400 may be a magnet.
There are so many potential down targets that it is kind of absurd.
Until there is a change in character, there is not much value in handicapping any of them.
When there is a lot of white space between price and the upper keltner, a reconnect is certain and at times sudden.
Looking at prior occurrences, what happens after the reconnect can shape in different ways.
Loosely speaking we are looking at a trip to one of a) between the upper and middle keltner, b) the middle keltner or c) the lower keltner.
Time will tell, but the lower keltner, which is rising, is not likely to break without a lot more chart development.
So, the 200 day moving average is comfortably below and not in play until further notice.
Quite bullish but anticipate some corrective action ahead.
Today, I believe the Snapchat IPO is pricing. I think.
I believe history would show that some important market highs have occurred near large, high profile IPOs, perhaps as a tell on sentiment.
So, something to watch. I am keen to see how the week closes.
I am flat with no setups in equities.
While the index may continue squeezing to the upside near term, the asymmetry remains to the downside.
It is a bullish tape that does not pullback enough to provide attractive long entries and won't break down enough to provide attractive short entries.
That will change at some point.
NY advancing stocks = 2.3 x declining stocksAl_Dente wrote:NY advancing stocks = 2.1 x declining stocks
NY advancing volume = 3.2 x declining volume
uempel wrote:As from where I am sitting I don't see anything like this. Cobra, you in Canada, any storm brewing?
Very nice, great swimming pool. I imagine you sitting there, drinking tea and hosting the forum with your satellite connection.Cobra wrote:uempel wrote:As from where I am sitting I don't see anything like this. Cobra, you in Canada, any storm brewing?
No everything is fine and I start to dream of my yacht again. This time it has to be this one: