QED wrote:After London closes we will see what is real.
Macro observation from pundit JC Parets:
"We got breadth readings yesterday that were twice as bad as at the January lows and the indexes are still well above those lows. These aren't things we see in uptrends."
-he is bearish, net short (on a daily/weekly timeframe), and looking for re-shorting points rather than buy entries.
watch mini target, exceeds it then the high might be in, today is just a range day at the best.
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possible 3 push up, the rule still is to give bulls more credit, so assume there's one more push up before the pullback.
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so far goes as expected. the pullback, should, should, exceed the tinted area this time.
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For the record Amazon has done all they could in the past to obscure the new investments in cloud services as well as what is going on with the margin because they need to protect the street thinking infinite growth with 40% margins forever. To the sky!
MSFT showed a reduction in margins on cloud, so we will see. The numbers will be good, but it is the future that counts.
probably bear's last chance here, no pullback here, then forget about 3 push up.
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China rarely responds to trump’s tantrums
So this is priceless:
The NYT reported that China was eavesdropping on his phone calls, because he is reportedly using unsecured iPhones.
China's response: "You Can Change To Huawei Phones"
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Sectors on the daily.
The only thing visible here is the 10/200ma (“The Trinity Cross”)
Sell/cross signals are seen on everything except tech and health
Most of these haven’t crossed in 2+ years
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
now up is more likely, may test the long horizontal blue line above.
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breakout. if the current trend line doesn't stop bulls then the next resistance is the blue line above.
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