12/14/2018 Live Update

[Shaishen]

JNJ is fresh news
Over the weekend folks will look at their portfolios with chagrin, and say WTF that JNJ was supposed to me my safe, stable, boring Blue Chip staple
They will not like what they see

The attachment 1214jnj day.png.png is no longer available

Some say some knew ahead of time - probably correct.

"@HFTAlert
SOMEONE ALWAYS KNOWS $JNJ Accumulators showed heavy selling starting on 11/30 and accelerated selling into the highs last week.."

[Trades with cats]

Fiddling with the trend lines I think I am close on the channel. Most days I would expect a channel breakout as we move to the close. But with all the money being pulled out of the market I am not so sure anymore.

[Al_Dente]

JNJ is fresh news
Over the weekend folks will look at their portfolios with chagrin, and say WTF that JNJ was supposed to me my safe, stable, boring Blue Chip staple
They will not like what they see

Some say some knew ahead of time - probably correct.
"@HFTAlert
SOMEONE ALWAYS KNOWS $JNJ Accumulators showed heavy selling starting on 11/30 and accelerated selling into the highs last week.."

thanks boss

[Trades with cats]

My view of things since the last high. The big players could easily move this up above the 50% level with a Monday gap and go. Problem is with all the nervous individual investors getting their money out of the market it has to be much harder than it used to be to pull off.

[Trades with cats]

2 X bootom and bounce or failed retest and hello 2500's, here we go!

[brokebybernacke2]

2600 level holding key i think. setting up for nice rally soon if she can hold...

[Trades with cats]

2nd test, buckle up maybe or reach for the no-doze.

[JFR]

JNJ. 10 years ago, it had an ROE of 30%. Last year it was just 2.22%. P/E of 235.6. Hmmmm Way, way overpriced, and heading south fast. Ghayzus. Sudden storms.

I don't think PR is going to get them out of this trouble. For such a huge company, there should be some goodwill left, salvageable. Band-Aids anyone?

2018-12-14_1110.png (291.87 KiB) Viewed 4781 times

[Cobra]

sill down more likely

[Al_Dente]

“…traders have observed ongoing intra- US session asset-allocation trades out of the S&P [ES] and into TY [treasurys], with simultaneous volume spikes / blocks trading in ESH9 (selling) and THY9 (buying) at a number of points throughout the day, but usually after the European close, and toward the end of the trading day.
Includes today’s note from Nomura's Charlie McElligott [genius of the month]
Probably a “must read” for traders
https://www.zerohedge.com/news/2018-12- ... to+zero%29

[Al_Dente]

HAPPY HOUR

[brokebybernacke2]

maybe double bottom 2580 ish the goal....today/monday

[Trades with cats]

We know from Nomura's boy wonder that the 2 and 20 crowd is either out, neutral or shorting equities. That note at Zerohedge from Lipper this morning was enough to make a trader look for the Depends because that says Ma and Pa Kettle are going to cash. No idea where the buyback crowd is at but wasn't it Pasta Boss who showed the ugly chart on buyback focused ETFs. Anyway the buyback crowd made it clear that the flow isn't enough to counter a serious downdraft. And now Super Mario says he is going to stop adding to his bond collection before he becomes the BoJ. Icing on the cake is with the Dems taking the house you know there will be no better deal on taxes on investments and it is year end. Retirees who have to liquidate a portion of their holdings each year would be foolish not to get their 2019 money out now. If things look better later you can always buy back in but you are talking about people that have already gone through two 50% draw downs in the last 18 years.

Do I have a point? Yes I do it takes buyers to move price up on a consistent basis. The pension money from 401 ks will be the next big buy and that isn't until January, assuming the working stiffs out there don't change their allocations. Other than that, as the song goes "Who will Buy?"

[daytradingES]

2:25 PM 12/14/2018
2627.75 08:39
High Est 2638.75
Actual High 2636.50
Dif= 2.25

Low Est 2591.00
Actual Low 2595.50
Dif= -4.50

14-Dec
High 2636.50
Low 2595.50
Open 2625.25
Close 2603.25

[Trades with cats]

Coolbiz wants us to know that a close under SPX 2610 will be the lowest weekly close in 2018. (does that make a difference?)

[Trades with cats]

Oh silly me I never think about people who follow weekly charts!

[te_fern]

“…traders have observed ongoing intra- US session asset-allocation trades out of the S&P [ES] and into TY [treasurys], with simultaneous volume spikes / blocks trading in ESH9 (selling) and THY9 (buying) at a number of points throughout the day, but usually after the European close, and toward the end of the trading day.
Includes today’s note from Nomura's Charlie McElligott [genius of the month]
Probably a “must read” for traders
https://www.zerohedge.com/news/2018-12- ... to+zero%29

Interesting article. Also, shows that there are all types of investors. I went to my old pension fund's quarterly public meeting this past Monday and they are currently selling fixed income and buying stocks. According to their models stocks have become under weight relative to fixed income. They will continue doing this as the market goes down and eventually it will turn. They figure they are long term investors.....

[te_fern]

Good job dtES! And you still have a little more time for it to hit your bottom line!!

[Al_Dente]

HFRX hedge fund index is down -6.3% YTD
SPX is down -2.86% YTD
Despite Abysmal Performance, Hedge Fund Traders Expect 16% Pay Raise
zh

[K447]

... weekly charts ...

All time frames matter. Which matter the most depends on what is going on.

Yearly charts are scaring people, among other things.

Yearly, quarterly, month, weekly charts can all provide information.