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anonymous white house source:
"His departure may seem turbulent in the media, but inside it will be very smooth. He has no projects or responsibilities to hand off." anonymous
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
YESTERDAY
$RUT was the first to break 3-standard deviations below its 50ma
That’s rare, and it won’t last long, but I do see 6 days in dec/jan where it stayed near/below 3-std-dev
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
I noticed a couple of days ago that a couple of twitter bloggers were buying ERX for a bounce. Doesn't appear to me that it escaped the sell-off either.....
the rebound shall have legs which usually means bears are over. let's see if this time is different or not.
Attachments
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Daily, NOT INTRADAY
Dr. Elder's Force Index is a price-volume oscillator, measuring the balance of power behind a move. It It rises when the close is above the prior close and falls when the close is lower, all enhanced by the extent of the move and the volume behind it. A strong advance on big volume pushes the Force Index sharply higher, while a sharp decline on big volume pushes it lower… basically, readings above zero favor an uptrend, readings below zero favor a downtrend.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente wrote:AD bears have little power (except for nas red volume)
NY declining stocks = 1.5 x advancing stocks
NY declining volume = 1.4 x advancing volume
Nasdaq declining stocks = 1.5 x advancing stocks Nasdaq declining volume = 2.0 x advancing volume
NY declining stocks = 0.85 x advancing stocks
NY declining volume = 0.78 x advancing volume
Nasdaq declining stocks = 0.84 x advancing stocks
Nasdaq declining volume = 1.0 x advancing volume
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
That run up of 10 handles in 15 minutes into the London/Frankfurt close looked (as the wave counters say) impulsive to me. I admit I cannot define an impulsive wave, but I know it when I see it!
Still that got us all the way to the first fib retracement level so bulls really need to show us something more. I suppose Monday morning gap and go but how far will anyone want to go with our financial lords and sovereign rulers providing insight on Friday afternoon at Jackson Hole. How in the world could Chair Yellen followed by Chair Draghi (both after lunch mind you) not be a set up to send all of us a very clear message. Please no tin foil hats needed as if you recall at a presser Chair Yellen stated that they do not coordinate policy or speeches (that would be wrong to do of course) but they are "aware" of what they are all doing. So let's see if round two of jointly aware messaging by our actual world government causes as many problems for currency and bond traders as round one did!