Daniel
Posts: 3482 Joined: Fri Feb 10, 2012 4:27 pm
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by Daniel » Thu Jun 21, 2018 10:30 am
Daniel wrote: IWM testing the Mon/Tues high, may serve as support.
Now down to the 168 level, a revisit/retest of the multi-week breakout area.
Daniel
Posts: 3482 Joined: Fri Feb 10, 2012 4:27 pm
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by Daniel » Thu Jun 21, 2018 10:31 am
IYT breaking below Tues's low of the week
Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Thu Jun 21, 2018 10:31 am
this morning
supreme court
states can require tax on internet sales
that should hurt AMZN, et.al.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
Posts: 3482 Joined: Fri Feb 10, 2012 4:27 pm
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by Daniel » Thu Jun 21, 2018 10:35 am
Al_Dente wrote: this morning supreme court states can require tax on internet sales, that should hurt AMZN, et.al.
AMZN immediately plunged to a low of 1720, right AT its 15min 200ema.. now recovering about 1/3 of that sudden drop.
Daniel
Posts: 3482 Joined: Fri Feb 10, 2012 4:27 pm
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by Daniel » Thu Jun 21, 2018 10:37 am
2740 on SPX has been a good support area in prior weeks, and today's low (so far) stopped right about there.
IWM is showing some buy interest, w an initial strong kick off that 168 breakout retest area... has been a market leader, so a move back above 168.50 could signal an overall low for the majors.
QED
Posts: 992 Joined: Wed Feb 11, 2015 2:04 pm
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by QED » Thu Jun 21, 2018 10:50 am
Daniel wrote: 10am: The Conference Board's Leading Economic Index increased 0.2% in May (Briefing.com consensus +0.4%), and the April increase was left unrevised at 0.4%.
The Conference Board Leading Economic Index® (LEI) for the U.S.
https://www.conference-board.org/pdf_fr ... 202018.pdf
.
Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Thu Jun 21, 2018 11:00 am
Al_Dente wrote: this morning
supreme court
states can require tax on internet sales
that should hurt AMZN, et.al.
note ebay
below 200sma again
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
Posts: 3482 Joined: Fri Feb 10, 2012 4:27 pm
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by Daniel » Thu Jun 21, 2018 11:01 am
FXI down >2%, at fresh LOD, and a new 20day low.
Daniel
Posts: 3482 Joined: Fri Feb 10, 2012 4:27 pm
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by Daniel » Thu Jun 21, 2018 11:05 am
Daniel wrote: AAPL was up nearly 1% a short while ago, and was helping to offset the weakness in the semis, leaving QQQ basicly flat.
USO has seen a sharp recovery in the past 15min, but XLE and XOP are still down >1%
AAPL now in danger of going red.
USO has recovered its early morning losses, now flat on the day-- but XLE and XOP have shed all of their recovery move, and are back near the lows.
Daniel
Posts: 3482 Joined: Fri Feb 10, 2012 4:27 pm
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by Daniel » Thu Jun 21, 2018 11:11 am
Naz and NYSE up/down volume is about 2/1 bearish... and near the worst levels of the day.
te_fern
Posts: 4018 Joined: Tue Nov 24, 2015 3:35 pm
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by te_fern » Thu Jun 21, 2018 11:21 am
TICKs appeared to have gotten oversold, turning back up to their MA lines....
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This is not investment or trade advice.
Al_Dente
Posts: 28535 Joined: Thu Jul 21, 2011 2:29 pm
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by Al_Dente » Thu Jun 21, 2018 11:22 am
TOP TECH
% one month only
(outperformer NFLX is on its own panel, below)
note that two of the stocks below zero (red line) are dow stocks (INTC, CSCO)
(news this morning: INTC CEO stepped down)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern
Posts: 4018 Joined: Tue Nov 24, 2015 3:35 pm
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by te_fern » Thu Jun 21, 2018 11:31 am
coolbiz reiterated that 2743 is his line in the sand for re-evaluating his ST bull mode....
This is not investment or trade advice.
te_fern
Posts: 4018 Joined: Tue Nov 24, 2015 3:35 pm
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by te_fern » Thu Jun 21, 2018 11:33 am
Can see why 2743 is important....
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fehro
Posts: 22880 Joined: Fri Sep 02, 2011 2:06 pm
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by fehro » Thu Jun 21, 2018 11:42 am
fehro wrote: fehro wrote: fehro wrote: buckle up for the downside
fehro wrote: SPX choppy here.. resistance.. mind all those open gaps…
big fast moves coming
mind SPX 2745 it goes.. look for -50point drop.. /ES 2751 bearish wedge it goes… -100point drop
looking for a stall here . mind LOD (20d SMA) .. it goes .. won't be pretty
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QED
Posts: 992 Joined: Wed Feb 11, 2015 2:04 pm
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by QED » Thu Jun 21, 2018 11:43 am
MrMiyagi
Posts: 10328 Joined: Sun Oct 16, 2011 12:48 pm
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by MrMiyagi » Thu Jun 21, 2018 11:49 am
QQQ 30-min 20ema at the line, above $176.90 we may have a winner.
te_fern
Posts: 4018 Joined: Tue Nov 24, 2015 3:35 pm
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by te_fern » Thu Jun 21, 2018 11:52 am
Couldn't help myself, Bios have just been too strong. Get on board!!
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cletus
Posts: 1445 Joined: Wed Feb 16, 2011 10:45 am
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by cletus » Thu Jun 21, 2018 12:00 pm
As cobra says, "the rebound will be sold". Folks, we need that intraday selling to flush out the buyers before any rally.
te_fern
Posts: 4018 Joined: Tue Nov 24, 2015 3:35 pm
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by te_fern » Thu Jun 21, 2018 12:03 pm
cletus wrote: As cobra says, "the rebound will be sold". Folks, we need that intraday selling to flush out the buyers before any rally.
Well, there was the first down flush...
This is not investment or trade advice.