09/25/2018 Live Update

[Al_Dente]

rate hike expected tomorrow

[te_fern]

Trying to move down thru the MA lines. Last support.....

[Trades with cats]

Thin ice in this area of the chart, looking a bit like the 11 fail.

[Trades with cats]

Here we go !

[te_fern]

Broke thru the low of the day, will the BTFD'ers come in????

[Trades with cats]

Was not expecting that dash down to retest yesterday's low. As Gomer says "Suprise Suprise Suprise".

[te_fern]

Retesting the low, can it push thru!!

[Cobra]

testing range low, maybe rebound all the way from here?

[te_fern]

A little more resistance...

[Al_Dente]

Personal Anecdote: A friend was diagnosed with cancer. One dose of his chemotherapy is $35,000.
The same dose in certain developed European countries is $6,000.
XLV daily

[Daniel]

=> Re-post (but still timely):

9/17 J.C. Parets sets out some 'lines in the sand'..

"The evidence continues to point to an environment where stocks are being accumulated, breadth is expanding, and sector rotation rules. My conclusion is simply this: there are more stocks that I want to be buying than stocks I want to be selling. And this is by an overwhelming amount. It’s not even close.

Small-caps and Mid-caps have been the leaders. As bulls, we want to see that remain the case. So if we’re below 170 in IWM, a more neutral approach is best. But above that and we want to remain aggressive from the long side.

The S&P500 is attempting to hold a breakout from an 8-month base. If we are above 2870 then we want to be buying stocks very aggressively. From a risk management standpoint, a more neutral approach in the short-term is certainly warranted if we’re below it.

From an upside confirmation perspective, the Dow Jones Internet Fund FDN holding above 140 would be constructive for the tech sector. The Software Fund IGV holding above 188 is a key level. If we’re below that, then something is likely wrong and a more neutral approach towards equities short-term is probably best.

Berkshire is important to the Financial indexes. If we’re above 200 in BRKB this is further evidence to me that we need to be aggressive from the long side. Healthy price action in BRKB is good for the Financials in general, and therefore the rest of the US Stock Market as a whole."

..Of these "dividing lines", the price of IWM and FDN have dipped below their warning levels over the past days, but both are currently back above. The others have been holding comfortably above.

[Trades with cats]

ES 2920 to 2922 much bigger deal this time than it was an hour ago.

[Al_Dente]

HAPPY HOUR

[Trades with cats]

Comment. From 2:30 on charts started looking very different. Heavy large lot (over 30 contracts) transactions on every bar. Maybe this is normal going into Fed day or perhaps something else is happening.

[Cobra]

well, guess that's it for today. FOMC tomorrow has been generally bear friendly recently. thank you guys, I'll see you in another thread soon.

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

[Cobra]

members only update at 3:57 pm
http://www.cobrasmarketview.com/2018/09 ... ay-update/