11/02/2018 Live Update

[Al_Dente]

Kudlow live on cnbc now

[BullBear52x]

got stopped out,

[Daniel]

{Note: this is around the AAPL overnite low of 206--207}

Just to correct the record: "the AAPL overnite low" was $205.16.

Thanks for the correction. I was repeating what someone mentioned in a tweet.

[te_fern]

So far, lower lows and lower highs.....

[Cobra]

testing yesterday's low.

[Daniel]

Meanwhile, the selloff in long Treasuries caused the 10yr yield to hit 3.2% again earlier this morning. No flight to havens today.

[Al_Dente]

AAPL is testing a potential double bottom (vs oct 30)

[Al_Dente]

TNX, daily

[BullBear52x]

another entry, too late to short, rip will be sold.

[BullBear52x]

got stopped out again,

[BullBear52x]

10 handles this morning almost gone, well one more try here.

[Daniel]

TNX, daily

Unlike recent selloff days in equities, 'havens' like IYR and XLU are not showing gains. In fact, IYR is down almost as much as QQQ and XLU is down almost as much as SPY.

Possibly today's equity selloff is more related to concerns about the strong employment report than about trade or Apple earnings.

[BullBear52x]

You don't buy a chart like this, there is no chart setup to buy. Just saying. I am not holding anything over night anyways.

[Al_Dente]

TNX, daily

Unlike recent selloff days in equities, 'havens' like IYR and XLU are not showing gains. In fact, IYR is down almost as much as QQQ and XLU is down almost as much as SPY.
Possibly today's equity selloff is more related to concerns about the strong employment report than about trade or Apple earnings.

[te_fern]

Can it push up and out of this channel??

[Al_Dente]

AAPL is testing a potential double bottom (vs oct 30)

broke down then bounced
still testing

[Trades with cats]

Both of the very successful wave guys were looking for a big A up to be followed by a B down, then of course an even bigger C up which we wait for. So that A was using Chinese trade and Chinese stimulus as a reason. The B down is very clearly the jobs report. It ticked all the buttons for the Fed to say to Trump (and eventually congress at Humphrey Hawkins testimony) we are doing what we have to based on the data. So it is full speed ahead into the corporate debt crisis. As I said to a relative, it's the old sub prime play only with new costumes and set in a different location. But it isn't just a few who see it coming. Yesterday we read that the largest 'leveraged loan' etf has 88% of available to short shares already claimed by the short sellers. So a different game this time with eyes wide open.

[BullBear52x]

will not be a bad day if reach 38%

today should be 50 handles day.

[Cobra]

generally a revisit is needed before bottom possible.

[BullBear52x]

there should be one more sell the rip here.