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11/05/2018 Live Update

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Al_Dente
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Re: 11/05/2018 Live Update

Post by Al_Dente »

Next support on AAPL is the Aug 1 gap (gray)
If that gap is filled, it would hit at/near the 200sma
Daily
[edit: not shown here is the H&S where the target is a gap fill and a 200sma test]
115aapl gap.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 11/05/2018 Live Update

Post by BullBear52x »

BullBear52x wrote:
BullBear52x wrote:
BullBear52x wrote:
BullBear52x wrote:I am selling with very tight stop.
The reason for sell, but thing can change fast intraday.
One hell of a strong bounce, bears would not have a trend day unless new LOD is happening
A little longer time frame is not so exciting now.
They take time to slow down the landing on the wedge.
1.PNG
this is the wedge I am eyeing.
2.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
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BullBear52x
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Re: 11/05/2018 Live Update

Post by BullBear52x »

BullBear52x wrote:
BullBear52x wrote:
BullBear52x wrote:
BullBear52x wrote:
BullBear52x wrote:I am selling with very tight stop.
The reason for sell, but thing can change fast intraday.
One hell of a strong bounce, bears would not have a trend day unless new LOD is happening
A little longer time frame is not so exciting now.
They take time to slow down the landing on the wedge.
1.PNG
this is the wedge I am eyeing.
2.PNG
Buying pressure is better than selling. Hmmm... Have a good trading all. Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.
Daniel
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Re: 11/05/2018 Live Update

Post by Daniel »

BullBear52x wrote:Buying pressure is better than selling. Hmmm... Have a good trading all. Peace!
Right now, QQQ at 168 is exactly ON its daily VWAP, and just below its (downslope) 15min 20ema... a classic 'inflection point'.
Daniel
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Re: 11/05/2018 Live Update

Post by Daniel »

USO has cooled off, now up only 1%-- but the energy and energy svc stocks are hitting higher highs.
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Al_Dente
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Re: 11/05/2018 Live Update

Post by Al_Dente »

[REMINDER, from an old 2013 post by All Star Charts]
12 Technical Signs That Preceded Major Tops
“The Law of Supply and Demand” states that when demand for a freely traded asset exceeds the supply of that asset, its price will rise. And, if the supply of that asset exceeds the demand for it, the asset price will fall. Notice the lack of equivocation.
1. Major topping pattern such as a head-and-shoulders or double top that takes many months to trace out.
2. Increase in price volatility, both on the upside and downside. This would be part of the topping formation.
3. Internal divergence of the NYSE advance/decline line. Generally, A/D line tops months before prices.
4. Internal divergence of NYSE new highs as a percentage of issues traded.
5. Weekly momentum divergence(s) on the major indices.
6. Very steep price slope or blowoff move of major indices. Could happen with a very hot group.
7. Weakening relative strength from small and/or midcaps vs. SPX-500.
8. Sentiment … We think a price correction that resets sentiment back to neutral or bearish would be bullish from a longer-term perspective.
9. A period of distribution during a period of a couple weeks. Heavy volume selling of individual stocks as well as the overall market.
10.Topping action in the relative strength leaders.
11. Spike in Treasury yields.
12. A move to a very big round number after many years of rising.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
QED
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Re: 11/05/2018 Live Update

Post by QED »

.
:shock:

AAPL: Another Parabolic Breakdown
Carl Swenlin
November 05, 2018 at 11:55 AM

https://stockcharts.com/articles/decisi ... kdown.html

.
Daniel
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Re: 11/05/2018 Live Update

Post by Daniel »

KRE has given up all of its gains (nearly 1% at the high) and is now red. Meanwhile, tech ETFs have been gaining in intraday RS...
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Cobra
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Re: 11/05/2018 Live Update

Post by Cobra »

kind of ascending triangle, bias is up.
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K447
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Re: 11/05/2018 Live Update

Post by K447 »

QED wrote:.
:shock:

AAPL: Another Parabolic Breakdown
Carl Swenlin
November 05, 2018 at 11:55 AM

https://stockcharts.com/articles/decisi ... kdown.html

.
... Caveat: This is a monthly chart and the last bar won't be final until the end of this month. But wait, you say, the parabolic arc has been broken! This is true, but before the end of the month price could reverse upward and take out the recent all-time highs, at which point I would have to redraw the arc to accommodate the recent decline.
...
IOW, it could go up, or down. :roll:
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Al_Dente
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Re: 11/05/2018 Live Update

Post by Al_Dente »

y'all already know who the outlier is here
15min
115quick.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 11/05/2018 Live Update

Post by Cobra »


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Daniel
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Re: 11/05/2018 Live Update

Post by Daniel »

XLK, XBI both green!
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Cobra
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Re: 11/05/2018 Live Update

Post by Cobra »

breakout as expected. the pullback should be bought.
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Daniel
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Re: 11/05/2018 Live Update

Post by Daniel »

Daniel wrote:KRE has given up all of its gains (nearly 1% at the high) and is now red. Meanwhile, tech ETFs have been gaining in intraday RS...
Robust reversal-of-reversal in KRE, now up > 1/2%. And XLF is up nearly 2%!!
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Al_Dente
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Re: 11/05/2018 Live Update

Post by Al_Dente »

HAPPY HOUR
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 11/05/2018 Live Update

Post by Al_Dente »

LEAK
AMZN's new HQ will be split into TWO locations
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
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Re: 11/05/2018 Live Update

Post by Daniel »

Daniel wrote:XLK, XBI both green!
update: No longer. XLK hanging around neutral, now down slightly--but XBI a serious swoon, suddenly down about -1/2%. Risk off.
Daniel
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Re: 11/05/2018 Live Update

Post by Daniel »

Another dramatic reversal-- USO's entire 2% gain is gone. USO is flat on the day.
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Cobra
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Re: 11/05/2018 Live Update

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