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08/24/2018 Live Update

Re: 08/24/2018 Live Update

Postby Cobra » Fri Aug 24, 2018 12:02 pm


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Re: 08/24/2018 Live Update

Postby Al_Dente » Fri Aug 24, 2018 12:36 pm

SPY TRIVIA:
Approximately 16% of spy is APPL, MSFT, AMZN, FB, GOOG, GOOGL
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Re: 08/24/2018 Live Update

Postby Al_Dente » Fri Aug 24, 2018 12:43 pm

NY advancing stocks = 2.4 x declining stocks
NY advancing volume = 2.8 x declining volume
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Re: 08/24/2018 Live Update

Postby Al_Dente » Fri Aug 24, 2018 12:59 pm

This morning from TommyThornton, the guy who counts DeMark sequentials:
"$NDX $QQQ upside DeMark Sequential Countdown 13 exhaustion.
Joins all of the other major US indexes with upside exhaustion signals."
"The last time this occurred was in January."
https://pbs.twimg.com/media/DlXnRvXV4AEYOyA.jpg
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Re: 08/24/2018 Live Update

Postby Al_Dente » Fri Aug 24, 2018 1:07 pm

note ADSK
is part of the S&P 500
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Re: 08/24/2018 Live Update

Postby Al_Dente » Fri Aug 24, 2018 1:42 pm

Al_Dente wrote:NY advancing stocks = 2.4 x declining stocks
NY advancing volume = 2.8 x declining volume

NY advancing stocks = 1.93 x declining stocks
NY advancing volume = 1.97 x declining volume
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Re: 08/24/2018 Live Update

Postby Cobra » Fri Aug 24, 2018 1:48 pm

vol surge so might be a rebound here first then we'll see. the pullback was too large for a typical uptrend day. not a good sign.
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Re: 08/24/2018 Live Update

Postby Al_Dente » Fri Aug 24, 2018 3:00 pm

HAPPY HOUR
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Re: 08/24/2018 Live Update

Postby Al_Dente » Fri Aug 24, 2018 3:04 pm

WEEK AT A GLANCE (~hour before the close)
824week.png.png
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Re: 08/24/2018 Live Update

Postby Cobra » Fri Aug 24, 2018 3:06 pm

I don't think it'd be lower high trend reversal (down) here simply because bears usually don't have the luck. let's see.
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Re: 08/24/2018 Live Update

Postby Al_Dente » Fri Aug 24, 2018 3:27 pm

Bloomberg is applauding the world-ex-U.S. for finally moving up
If you look at the daily VEU you can see that it’s a dead-cat-bounce… for now….
And it’s still below its 200ma….
VEU has been following the 1/dollar for the last few months
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Re: 08/24/2018 Live Update

Postby Cobra » Fri Aug 24, 2018 3:29 pm


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Re: 08/24/2018 Live Update

Postby Cobra » Fri Aug 24, 2018 3:52 pm


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Re: 08/24/2018 Live Update

Postby Cobra » Fri Aug 24, 2018 3:53 pm

well, guess that's it for today. Monday has been mixed. thank you guys, I'll see you in another thread soon.

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