te_fern wrote:TICKs are below their MA lines with this sell-off....
watch that rut 200 ma, anticipate a breakdown to suck shorts in but will take market indices down too- and watch possible very negative mac d crossover on spy weekly. expect both breaks to be temp traps, next ones in few weeks to be real. deal...i think
Pasta Boss, your last chart showed the best investment is a money losing company that has literally billions of dollars in unfunded future commitments and uses 15% of somebody else'es delivery system without having to pay for it. Mr. Clemens popularized 'History doesn't repeat but it sure rhymes a lot'. America ON LINE, NET Flix, yep it sure does.
Trades with cats wrote:Pasta Boss, your last chart showed the best investment is a money losing company that has literally billions of dollars in unfunded future commitments and uses 15% of somebody else'es delivery system without having to pay for it. Mr. Clemens popularized 'History doesn't repeat but it sure rhymes a lot'. America ON LINE, NET Flix, yep it sure does.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Very mixed day sector-wise, with some sectors showing eye-popping losses. XLB, ITB/XHB are down over 2%. IYT, XLI, GDX are down over 1%. Yet energy is strong, with 1-2% gains in various ETFs. Tech is neutral, with strength in AAPL.
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Meanwhile, QQQ is still the RS leader of the majors, by being up a bit. IWM still red, cannot get above its 15min 20ema and turn grn. All eyes are on its testing the 200ma, since it hasn't closed below it since August 2017.
Last edited by Daniel on Tue Oct 09, 2018 2:37 pm, edited 1 time in total.
From Springheel Jack:
"At the low yesterday SPX hit and tested the rising trendline of its main channel support. It held, and hourly buy signals fixed across the board on SPX, NDX and RUT.
That should be the start of a new leg up and, as long as that trendline support remains unbroken, the next target within the rising wedge is wedge resistance, due to reach the 2965-70 area by the time of the next high window in early November."