10/09/2018 Live Update

[te_fern]

TICKs are below their MA lines with this sell-off....

[Trades with cats]

Sitting at the daily pivot. First time in days we haven't made it to the Jackson Zones pivot points, yet.

[Al_Dente]

BACml reiterated its buy rating on Apple
https://www.cnbc.com/2018/10/09/bank-of ... antly.html

[brokebybernacke2]

TICKs are below their MA lines with this sell-off....

watch that rut 200 ma, anticipate a breakdown to suck shorts in but will take market indices down too- and watch possible very negative mac d crossover on spy weekly. expect both breaks to be temp traps, next ones in few weeks to be real. deal...i think

[Trades with cats]

Pasta Boss, your last chart showed the best investment is a money losing company that has literally billions of dollars in unfunded future commitments and uses 15% of somebody else'es delivery system without having to pay for it. Mr. Clemens popularized 'History doesn't repeat but it sure rhymes a lot'. America ON LINE, NET Flix, yep it sure does.

[Trades with cats]

Third touch on opening print in 60 minutes. Needs to do better than just back up to VWAP or we will be testing yesterday lows as the obvious target.

[Al_Dente]

Pasta Boss, your last chart showed the best investment is a money losing company that has literally billions of dollars in unfunded future commitments and uses 15% of somebody else'es delivery system without having to pay for it. Mr. Clemens popularized 'History doesn't repeat but it sure rhymes a lot'. America ON LINE, NET Flix, yep it sure does.

[Daniel]

Very mixed day sector-wise, with some sectors showing eye-popping losses. XLB, ITB/XHB are down over 2%. IYT, XLI, GDX are down over 1%. Yet energy is strong, with 1-2% gains in various ETFs. Tech is neutral, with strength in AAPL.

[Daniel]

XLB fresh 20/21 day low! Donchian sell signal.

[Trades with cats]

Hurricanes in the Gulf are just about always a positive for oil and nat gas, as long as not too many refineries are in the direct path.

[Cobra]

possible double bottom, range low might be in.

[Trades with cats]

Back at VWAP, moment of truth on direction maybe.

[Trades with cats]

make that moment of consolidation. Market is acting like my cat!

[Daniel]

Market is acting like my cat!

Unchanged on the day. Like most cats. ..

[Daniel]

Meanwhile, QQQ is still the RS leader of the majors, by being up a bit. IWM still red, cannot get above its 15min 20ema and turn grn. All eyes are on its testing the 200ma, since it hasn't closed below it since August 2017.

[Al_Dente]

Up volume to down volume is 1-to-1
Hence, down volume to up volume is 1-to-1
about as flat as u can get
NYSE

[te_fern]

TICKs have gone postive with this sideways action, see if the SPX is about to push back up to that R1 pivot...

[Daniel]

Up volume to down volume is 1-to-1
Hence, down volume to up volume is 1-to-1

Run that math by us again, you went too fast. Some of us cut trigonometry to do drugs.
(Or is that calculus?)

[Trades with cats]

Argh! Won't go up but too flat to short, only possible thing is Sit On Hands.

[Daniel]

From Springheel Jack:
"At the low yesterday SPX hit and tested the rising trendline of its main channel support. It held, and hourly buy signals fixed across the board on SPX, NDX and RUT.

That should be the start of a new leg up and, as long as that trendline support remains unbroken, the next target within the rising wedge is wedge resistance, due to reach the 2965-70 area by the time of the next high window in early November."