12/03/2018 Live Update

[Al_Dente]

Twitter feed this morning using the Can Slim site. They say the second low on a W needs to be the lower low or the pattern is less reliable
our second low was a double bottom, on a closing basis.
They also say the buy point is of course, the high between the two lows.
agree, "must close above the Nov 7-8 high for confirmation".

[Daniel]

USO still holding onto about a 4% gain.
Precious Metals and miners strong. SLV esp strong-- up over 2%. Wonder why silver in particular...

USO is again up over 4%. But there has been an odd reversal in the PMs, with SLV now at its lod (tho still up) while other metals plays are near their highs. Not clear why silver was so strong, or why it has regressed. (Probably not meaningful to the more macro picture.)

[Al_Dente]

The Momentum ETF (MTUM) Becomes a Bet on our Drug Cartel
It just re-balanced and tripled its health care exposure
https://www.bloomberg.com/news/articles ... h-care-bet

[Al_Dente]

Just what we didn’t need:
“Morgan Stanley predicts Ford's restructuring plan could cut up to 25,000 jobs”
Via Bloomberg, 3 hrs ago

[Al_Dente]

AAPL is now up 3.3% intraday, despite this morning’s news:
“Apple plans to hold off until at least 2020 before offering a 5G iPhone”
Obviously I was the only one who saw this as not-bullish

[K447]

AAPL is now up 3.3% intraday, despite this morning’s news:
“Apple plans to hold off until at least 2020 before offering a 5G iPhone”
Obviously I was the only one who saw this as not-bullish

Apple was not expected to sell a 5G iPhone next year. Same as when LTE initially rolled out, Apple waited until the tech matured, chipsets stabilised and radio/chip power consumption moderated.

Some Android phones will likely have 5G 'first'. Apple will have it when it is fully baked and ready for wide adoption.

Apple already sells the 'fastest' smartphones, based on CPU +iOS + GPU.

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2018/12 ... ay-update/

[Cobra]

well, guess that's it for today. Tuesday tomorrow has been mixed. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[QED]

AAPL is now up 3.3% intraday, despite this morning’s news:
“Apple plans to hold off until at least 2020 before offering a 5G iPhone”

Algos read that as: Apple 5G iPhone for $2,020. Bullish!
.

[Al_Dente]

AAPL is now up 3.3% intraday, despite this morning’s news:
“Apple plans to hold off until at least 2020 before offering a 5G iPhone”

Algos read that as: Apple 5G iPhone for $2,020. Bullish!
.