11/07/2018 Live Update

[QED]

The CEO of Adidas just said on CNBC that there was no slowdown in YE shoes ...

Was he asked about the recent basketball trial that involved Adidas?
.

[BullBear52x]

currently sell, dip will be bought tho.

Covered and wait for new setup.

I would have reverse to buy normally but the overall market were too overbought. just wait.

Back in the sell, today is somewhat a counter trend mentality bias (gut with TA )

[Mr. BachNut]

NYMO hitting the high turn zone.

This doesn't happen often.

I would like to say this is a helpful tell, but history suggests one of three scenarios ahead:
1) Price will top and turn in the coming days;
2) Price will remain in a steep ascent as we have just kicked off a bull run;
3) Price will plateau into a flatish chop in the days ahead.

Not very helpful except one should be watching for a change in character next couple of days.

[Cobra]

members only update at 11:00 am
http://www.cobrasmarketview.com/2018/11 ... ay-update/

[Al_Dente]

Meanwhile, Jeffries says LB is out of touch
Price target is $20
-41% below where shares are currently trading
https://markets.businessinsider.com/new ... 1027698383

[BullBear52x]

currently sell, dip will be bought tho.

Covered and wait for new setup.

I would have reverse to buy normally but the overall market were too overbought. just wait.

Back in the sell, today is somewhat a counter trend mentality bias (gut with TA )

Got stopped out, The algo picks up the TA traders moods, well, I will sit out for new setup for now.

[BullBear52x]

Meanwhile, Jeffries says LB is out of touch
Price target is $20
-41% below where shares are currently trading
https://markets.businessinsider.com/new ... 1027698383

We talked about chart set up for them yesterday, good TA for swing on LB. dip will be bought big time.

[BullBear52x]

currently sell, dip will be bought tho.

Covered and wait for new setup.

I would have reverse to buy normally but the overall market were too overbought. just wait.

Back in the sell, today is somewhat a counter trend mentality bias (gut with TA )

Got stopped out, The algo picks up the TA traders moods, well, I will sit out for new setup for now.

Back in the sell again.

[BullBear52x]

currently sell, dip will be bought tho.

Covered and wait for new setup.

I would have reverse to buy normally but the overall market were too overbought. just wait.

Back in the sell, today is somewhat a counter trend mentality bias (gut with TA )

Got stopped out, The algo picks up the TA traders moods, well, I will sit out for new setup for now.[/quote]
Back in the sell again. [/quote]
61.8% key level on my radar.

[Al_Dente]

turns out that huge spike in $NYUPV (to roughly 1700-ish) yesterday was wrong, and was later corrected
(reminder: stockcharts AD quotes are frequently unstable)

[Al_Dente]

potus live now

[Al_Dente]

Despite the recent AAPL tantrum, the five heaviest sectors in SPY (lower panels) are still green
15min, short term, not intraday

[Cobra]

members only update at 12:06 pm
http://www.cobrasmarketview.com/2018/11 ... ay-update/

[brokebybernacke2]

currently sell, dip will be bought tho.

Covered and wait for new setup.

I would have reverse to buy normally but the overall market were too overbought. just wait.

Back in the sell, today is somewhat a counter trend mentality bias (gut with TA )

Got stopped out, The algo picks up the TA traders moods, well, I will sit out for new setup for now.

Back in the sell again. [/quote]
61.8% key level on my radar.[/quote]

expanding bollies!

[BullBear52x]

Not that I am bearish, market still acting like it's 1999
Hmmm...

[K447]

... market still acting like it's 1999
Hmmm...

Which 1999?

The super happy never ending zoom upwards, or the 'end of the trend' 1999?

[BullBear52x]

... market still acting like it's 1999
Hmmm...

Which 1999?

The super happy never ending zoom upwards, or the 'end of the trend' 1999?

Happy never ending, good time and party.

[Al_Dente]

JPM’s “Gandalf”
What should investors do next?
“remain bullish”
Why:
- November is shaping up to be the strongest buyback month on record (… per the JPM desk).
- Short convexity of market makers is rapidly declining and may turn long. This should be positive as it will bring back intraday reversion as opposed to momentum. This reduces realized volatility, and many investors will misconstrue this as a return of the ‘buy the dip’ environment.
- Realized volatility is expected to decline. Systematic investors (such as vol targeters) will start rebuilding positions into year-end. This may not be a main driver, but could add ~$1bn of inflows per trading day into year-end.
- Implied volatility has declined, with the VIX term structure reverting to contango. For some strategies this is a positive signal.
- Next week, 1M price momentum will turn positive for most equity indices globally (1M ‘anniversary’ of the crash), and may lead to CTA inflows or short covering.
- Elections have passed, and it removed the tail risks of a blue wave (impeachment, repeal of tax reform, etc.). This should be positive for sentiment.
- Split congresses have historically been positive for the market, and this time it reduces the probability of the most negative trade war outcomes.
- The US earnings season turned out to be one of the strongest in a decade: 98th percentile on bottom line, 97th percentile on top line, above average on guidance/revisions
[via zh]

[BullBear52x]

look at SPY chart, yellow zone jump the creek action.

[JFR]

Wow. What a press conference! I am glad I watched. Conciliatory and also confrontational. Both. LOL

Now back to stocks and currencies.