It was the foreclosure king and his designer handbag wife at Davos, and Wilbur Ross chimed in to re-inforce. They keep sinking the dollar the Fed's inflation target will be met with no trouble.
Navy is VWAP Cyan is Median, Green and yellow overlay on volume profile is volume deltas. Not sure if that is helpful. I post this to show the drop through range if bulls lose the overnight high of 2850.25
SPX target met
What’s next? I don’t know (wild guess: more long)
VIX options traders diverge
60min
OLD POST from 1/22
SPX, 60min
Target for that ascending triangle would be about 2849 (better double check that number) http://thepatternsite.com/at.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:SPX target met
What’s next? I don’t know (wild guess: more long)
VIX options traders diverge
60min
OLD POST from 1/22
SPX, 60min
Target for that ascending triangle would be about 2849 (better double check that number) http://thepatternsite.com/at.html
These kinds of headlines happen every quarter just before AAPL eps (due feb 1).
[YESTERDAY, THIS JPM REPORT WAS BLAMED FOR AAPL’s DECLINE:]
"… JPM Warns Of Tumbling iPhone X Orders, Slashes Production Forecast By 50%”
“... high-end smartphones are clearly hitting a plateau this year.... now we believe the peak has arrived even earlier than our expectations." https://www.zerohedge.com/news/2018-01- ... n-forecast
another point of view: http://bgr.com/2018/01/23/iphone-x-vs-a ... ter-sales/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Market is losing momentum. Done with the news for today. Davos is moving into cocktail hour. Tech has recovered (maybe all those negative Apple articles are Tim Cook sandbagging before earnings?)and now the small caps ready to go red on the day.
worth checking out CRB, WEAT, CORN etc.. long term possible inflation plays… bond money needs to go somewhere … and with everyone and their dog getting bonuses.. from Disney to Banks.. possible match for inflation spark..
Measured move on GDX is a bit higher (roughly $25 ish)
But it’s reacting to the dollar news (GDX likes the inverse dollar and the inverse-carry trade, so those are the ones to watch).
60m
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
fehro wrote:worth checking out CRB, WEAT, CORN etc.. long term possible inflation plays… bond money needs to go somewhere … and with everyone and their dog getting bonuses.. from Disney to Banks.. possible match for inflation spark..
IF we fail to recover here yesterday's peaks were at around ES2842.50 so that would be a good downside target. But this drop was 6.75 points so it needs a breather here at the Mid/VWAP.
Side note since charting the Midpoint along with VWAP they are usually within a point of each other but it seems (need to do a count) that the Mid is more powerful as a turning point.
Yeowch
3x LABU drops from 110 to 104 intraday
Do little traders have a chance to get out during that drop? (serious question)
Just tooooo thin, no volume for trading....
Meanwhile XBI (the underlying for LABU), where all the volume is, dropped from 96 to 94 in the same intraday period
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.