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10/19/2018 Live Update

Daniel
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Re: 10/19/2018 Live Update

Post by Daniel »

Nearly a 3% loss for the homebuilders (ITB) at the worst today. That is econo-alarming. Especially with $LUMBER hovering at 6month (+) lows.

:|
Daniel
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Re: 10/19/2018 Live Update

Post by Daniel »

SMH showing another 1% loss, currently down exactly that much. It's down about 10% MTD.

On the other hand, XLF is up about 1/2% today, and Staples (XLP) are continuing to do splendidly, both absolutely and relatively. However XLP and XLU are not classic "risk on" leadership...

:|
Last edited by Daniel on Fri Oct 19, 2018 3:45 pm, edited 1 time in total.
q2model
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Re:

Post by q2model »

MrMiyagi wrote:HEARING GARTMAN IS OUT WITH BEARISH CALL ON FBN NEWS, SAID THIS IS "THE START OF A BEAR MARKET", SEES 10%-15% MORE DOWNSIDE
We should all sell kidneys and long? :-)
Daniel
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Re: 10/19/2018 Live Update

Post by Daniel »

Big improvement in NYSE and Naz breadth and up/down volume in the past 5 minutes.
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Cobra
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Re: 10/19/2018 Live Update

Post by Cobra »

typical reversal pattern so far, no time for bulls though.
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Daniel
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Re: 10/19/2018 Live Update

Post by Daniel »

USO is up only 1% today, and still under $15.

Market is clearly pricing in No Big Friction w the Saudis.
brokebybernacke2
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Re:

Post by brokebybernacke2 »

MrMiyagi wrote:HEARING GARTMAN IS OUT WITH BEARISH CALL ON FBN NEWS, SAID THIS IS "THE START OF A BEAR MARKET", SEES 10%-15% MORE DOWNSIDE


crap, really? the low is in or near then and will be brief in time now with Garty comments. that guy is scary bad, must be paid schill/important contrarian. of all the things...now i have to wait for him to flip bull again, that should be a real strong short.
Daniel
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Re: 10/19/2018 Live Update

Post by Daniel »

15min timeframe, SPY and QQQ are doji-ing out on their 20ema.

IWM is still lagging, well below its (strongly downslope) 20.
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Cobra
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Re: 10/19/2018 Live Update

Post by Cobra »


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Cobra
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Re: 10/19/2018 Live Update

Post by Cobra »

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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Daniel
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Re: 10/19/2018 Live Update

Post by Daniel »

Daniel wrote:Nearly a 3% loss for the homebuilders (ITB) at the worst today. That is econo-alarming. Especially with $LUMBER hovering at 6month (+) lows.
On the other hand, JNK and HYG, while down from their highs last month, are both still comfortably above their (upslope) 200day MA. Hi Yield often leads as an indicator of coming econo-weakness.
Daniel
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Re: 10/19/2018 Live Update

Post by Daniel »

Weak close. SPX 10pt drop in the last couple of minutes. :|
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