01/18/2019 Live Update

[te_fern]

And as JFR said, can't fly without instruments! LOL!

[Mr. BachNut]

The greatest NYMO surge ever?!?
It may be. We have been up in nose bleed thin air territory for over two weeks. Wow.
I confess I am not sure what to make of this.

Price is now in the heart of the resistance burger and seems to be marching forward with ease.
The December 13 gap has officially been closed. My next upside gap targets are pretty far away and above the 200 day MA.
The upper boundary of my gentle bear channel is about 5 handles above the morning high.
There is still a ways to go to make contact with the 50 week EMA and a sharper descending tops line.
If the bears are going to take a stand, they should get going soon or it may become technically tough as the bull herd swells.
Next week after OPEX clears and after the holiday...

I am still long the R2K.
While there is no sign of a turn, I may break protocol and jam a stop or just take profits today.
While I am supposed to let profits run, the trade is starting to feel piggy.
I would watch next week and perhaps reload, but if I exit, we will probably see the greatest trade deal with China ever, Brexit solved, or some such thing to keep the panic buy alive.

[1der]

FWIW
this mornings 8am eastern SPY PBar
High 266.55
Low 263.50

QQQ put up a 163.63
DIA put up a 244.14

I am on side lines watching. Too wacko for me.

[Al_Dente]

NY advancing stocks = 3.2 x declining stocks
NY advancing volume = 5.5 x declining volume

[Al_Dente]

“Just when I thought I was out, they pull me back in” [Michael Corleone]

Was it consensus ? that we would test the december low ?
Obviously, not today

[BullBear52x]

This is the day to trade: sell again here at 62

I will post the /ES chart instead of SPX cash index to make more sense of what I am talking here.

[Cobra]

stockcharts so far is broken, probably will not be able to comment today. good news is if no pullback in the next couple of bars then likely it's an uptrend day, in which case no comments really needed

[BullBear52x]

This is the day to trade: sell again here at 62

I will post the /ES chart instead of SPX cash index to make more sense of what I am talking here.

got stop out right of the bat

[BullBear52x]

no new sell above 61.5.

[Al_Dente]

[earlier this morn]
Job cuts at Foxconn, one of AAPL biggest iPhone suppliers… bracing for weak sales ahead

[Al_Dente]

“Pelosi shrieks after Trump leaks”
Cute headline? No, sexism isn't cute
Imagine a headline reading “McConnell shrieks after ____________” [fill in the blank]

[Al_Dente]

Stockcharts still has problems
free back-up, great:
tradingview.com

[1der]

Playing w charts on ph - today at right, Jan 8 PBar at 245.29

[BullBear52x]

Stockcharts still has problems
free back-up, great:
tradingview.com

Stock charts can not handle volatile day like today, it happened last week too. today I even got a glitch on TOS.

[Al_Dente]

example
tradingview.com
free
TNA 5min

[BullBear52x]

Government intervention or wall street intervention signals here.

[BullBear52x]

tight top range now up my sell level to 66, no sell alert yet just wait.

[Al_Dente]

Leveraged semiconductors SOXL up +8% today

[te_fern]

Bet Stockcharts put in an update last night that would benefit their users, but be transparent to them. Man, were they wrong.....

[te_fern]

Leveraged semiconductors SOXL up +8% today

It's interesting how Semis are up big, but the bios are basically flat. They tend to move together. Guess the China thing benefits Semi's more....