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10/04/2018 Live Update

Re: 10/04/2018 Live Update

Postby Al_Dente » Thu Oct 04, 2018 12:52 pm

Smalls daily, NOT intraday
Fibbonacci drawn from the feb low to last month’s high shows that IWM will hit 38% retracement at ROUGHLY 161 IWM. That would also be near testing 200sma support
So, 161-ish is my target. She is quite oversold now, so a bounce (short covering) may intervene

104iwm day.png.png
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Re: 10/04/2018 Live Update

Postby BullBear52x » Thu Oct 04, 2018 12:52 pm

Rip will be sold, one more coupon before the lady shows up
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Re: 10/04/2018 Live Update

Postby Cobra » Thu Oct 04, 2018 12:54 pm

the rebound should fail again.
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Re: 10/04/2018 Live Update

Postby Al_Dente » Thu Oct 04, 2018 1:19 pm

Al_Dente wrote:VIX is up about 23% :shock:

now up +33%
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Re: 10/04/2018 Live Update

Postby Al_Dente » Thu Oct 04, 2018 1:28 pm

It is a surprise that 4 of the dow 30 are green at the moment:
VZ, MCD, JPM, TRV
(i expected to see all red)
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Re: 10/04/2018 Live Update

Postby brokebybernacke2 » Thu Oct 04, 2018 1:31 pm

that's a pretty good red candle. daily lower bolly 2872 2875 50 ma breather eventual level/target and good bounce?
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Re: 10/04/2018 Live Update

Postby Shaishen » Thu Oct 04, 2018 1:52 pm

Shaishen wrote:For now I see a 2 push down formation; as per Cobra we should expect a third push.. ?

http://www.cobrasmarketview.com/3-push-updown/

.


Got the 3rd push down..now what? Guts to go long? Or a 4th push down? Or as we are told every morning are the prices cheap enough to attract buyers?

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Postby MrMiyagi » Thu Oct 04, 2018 1:57 pm

AMZN having a bad day, did everyone stop shopping?
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Re: 10/04/2018 Live Update

Postby Al_Dente » Thu Oct 04, 2018 2:06 pm

“it’s all about the selloff in bonds”
(yield spike)
[blmbrg]
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Re:

Postby Trades with cats » Thu Oct 04, 2018 2:11 pm

MrMiyagi wrote:AMZN having a bad day, did everyone stop shopping?

Jeff had to stop buying until earnings come out. Note that he is cutting the number of shares they have to repurchase by not handing out to the rank and file any more.
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Re:

Postby brokebybernacke2 » Thu Oct 04, 2018 2:12 pm

MrMiyagi wrote:AMZN having a bad day, did everyone stop shopping?


maybe a case of stock price actually reflecting current and forward earnings?? :lol: quite elevated..

https://www.nasdaq.com/symbol/amzn/pe-ratio
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Re: 10/04/2018 Live Update

Postby Trades with cats » Thu Oct 04, 2018 2:18 pm

ES 2891 is so far meeting the double bottom test. More importantly article up on Zero Hedge from Norman Securities saying "Finally, and going back to the lack of CTA selling, the Nomura strategist notes that the bank's CTA model in SPX futs has been “100% Max Long” although today we see sell pressure under 2939 to get down to “96% Long” as the 2m window flips. Which means that anyone wonder when the equity selloff will really kick in, "we’d expect more selling under 2892 to get to just “58% Long” as the 1m window would flip.""

So yea, if correct our toes are on the edge of the January canyon. Ties in nicely with Coolbizone's Elliot Wave count. Not saying it will happen, because the powers that be are more aware of this than I am, but as they showed in January while they can influence the market, they can't stop a run away train no matter how many times they show Powell in that red and blue suit. :lol:
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Re: 10/04/2018 Live Update

Postby Al_Dente » Thu Oct 04, 2018 2:18 pm

stockcharts is wanky
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Postby MrMiyagi » Thu Oct 04, 2018 2:23 pm

WE'RE NEVER EVER GOING UP AGAIN!!!!
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Re: Re:

Postby Shaishen » Thu Oct 04, 2018 2:24 pm

brokebybernacke2 wrote:
MrMiyagi wrote:AMZN having a bad day, did everyone stop shopping?


maybe a case of stock price actually reflecting current and forward earnings?? :lol: quite elevated..

https://www.nasdaq.com/symbol/amzn/pe-ratio


Chinuh bugs infiltration in AMZN and APPL stuff maybe..?

https://www.zerohedge.com/news/2018-10- ... on-and-cia

Considering AMZN Pentagon cloud contract = a scary scenario..

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Re: 10/04/2018 Live Update

Postby QED » Thu Oct 04, 2018 2:29 pm

Al_Dente wrote:stockcharts is wanky

Do not criticize the snowflakes … they are very sensitive over there! :P

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Re: 10/04/2018 Live Update

Postby Trades with cats » Thu Oct 04, 2018 2:30 pm

Amazon cloud servers are used for a lot of University scientific research. So if Bloomberg story correct then this goes way beyond the government. Don't forget cloud services has been the rapid growth part of Amazon with those amazing 40 percent gross margins. Same thing at Microsoft. Wonder who's servers they use?
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Re: 10/04/2018 Live Update

Postby tonghu » Thu Oct 04, 2018 2:31 pm

we want u back granny yellen
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Re: 10/04/2018 Live Update

Postby Cobra » Thu Oct 04, 2018 2:31 pm


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Re: 10/04/2018 Live Update

Postby Al_Dente » Thu Oct 04, 2018 2:33 pm

QED wrote:
Al_Dente wrote:stockcharts is wanky

Do not criticize the snowflakes … they are very sensitive over there! :P


:lol: :lol:
ELSEWHERE:
.
NY declining stocks = 5.4 x advancing stocks
NY declining volume = 3.0 x advancing volume
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