01/12/2019 Weekend Update

[Cobra]

Up 3 weeks in a row, 81% chances higher high ahead the next week, so the rebound since Dec 26 hasn't done yet.

[Al_Dente]

“New home sales tank 19 percent to end 2018”
No “official” numbers due to shutdown, but industry numbers are DREADFUL.

https://www.cnbc.com/2019/01/07/housing ... y-map.html
includes cool map of affordability

[Al_Dente]

NOTABLE EARNINGS DUE:
MONDAY, JAN 14: C (Citi) before the open
TUESDAY, JAN 15: JPM, UNH, WFC, all before the open
WEDNESDAY, JAN 16: BAC, GS, BLK, USB, all before the open
THURSDAY, JAN 17: SCHW, MS, all before the open… and AXP, NFLX after the close
FRIDAY, JAN 18: ….. also it’s opex

[ocassional observer]

January opex is bad for bulls:
https://twitter.com/QuantEdges/status/1 ... 69824?s=20
A short profit factor of 3.4, with 75% chances of lower close.

[BullBear52x]

Everyone seems to wait for a correction or even a resumption of a bear trend. the last few trading days the market decided to go sideways....that is typical me thinks. market either consolidate in time or in price, so far looks like it wants to kill time rather the price, a gap down and closed higher on Thursday failed to follow through on Friday this price action is not all that bullish. Market left us with inside day, Red-Hollow candle, and sell volume. A daily setup is in sell the rip zone, for that and at this overbought junction I would expect a lower trade in coming week, until it shows a sign that the daily sell is failing, for now, sell the rip is the order of the day for me. WDIK? Peace!

[daytradingES]

days with rng -50pts or less since 18 aug 2014