11/14/2018 Live Update

[brokebybernacke2]

I didn't see full on panic selling on the previous low before the cat bounce started. I don't believe the Inv HS will develop. Staying short with a target of 2530 at least.

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these algos are good, temper the panics, control the vix, keep in mind. so far bears lookin ok.

[te_fern]

We still haven't found a bottom.....

[Trades with cats]

News feeds saying apple is now down 200 billion from the top. How much buyback has Timmy got approval for?

[Rezito]

Positive Div on SPX 15 min couldn't turn this around. Break down from yesterday's low is in. VIX should slow down a bit before the final push.

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[K447]

News feeds saying apple is now down 200 billion from the top. How much buyback has Timmy got approval for?

These are different things, no?

Apple has been buying circa 1,500,000 shares per day, if my math and memory are correct. So roughly $8 billion per month ($23.5 billion in the March 2018 quarter), maybe more now since Luca announced a buyback acceleration.
Volume today in AAPL is over 41 million shares, so even two million bought back is dwarfed by the daily flow.

From the most recent earnings call;
"... the [buyback] amount is very, very large and so we will try to execute it, as you've seen from our track record during the last five years, we will do it at a very fast pace. But we also want to do it efficiently. We want to make sure that, you know, we buy back the stock at the right time. ..."
https://www.imore.com/apple-earnings-q2-2018


I could recalculate the daily volume buyback with bigger numbers, but the buyback is not intended to counter herd movement in the stock price.

Buyback works over long time periods to shrink the float. Lower daily prices make for greater float reduction for the same buyback money.

[BullBear52x]

$TRIN is right on 1, this is no selling it's more like accumulation.

[daytradingES]

I would like to see more if you got time. (every day )

Thanks.

Its the time that I struggle with. Just keeping the spreadsheets up-to-date is a huge job.
Once I can make a good cash trade I'll be able to breathe easier - but for now the posting is hit or miss.

Still looking for the magic key....

[Trades with cats]

Great explanation on Apple buybacks! Thanks.

[brokebybernacke2]

I didn't see full on panic selling on the previous low before the cat bounce started. I don't believe the Inv HS will develop. Staying short with a target of 2530 at least.

Sent from my SM-N920W8 using Tapatalk

rez, i see spy 263 for the turn...

[K447]

Great explanation on Apple buybacks! Thanks.

Check the math yourself, as I may (probably) have made errors.

[BullBear52x]

I would like to see more if you got time. (every day )

Thanks.

Its the time that I struggle with. Just keeping the spreadsheets up-to-date is a huge job.
Once I can make a good cash trade I'll be able to breathe easier - but for now the posting is hit or miss.

Still looking for the magic key....

I hear you, time is major part of any research.

[BullBear52x]

Gap has got to be filled eh?

[BullBear52x]

another good scalping counter trend level.

[BullBear52x]

Officially Gap filled.

[BullBear52x]

$TRIN is now below 1.
Thing that make you go Hummmm.....

[daytradingES]

Gap has got to be filled eh?

good call:-)

[BullBear52x]

Gap has got to be filled eh?

good call:-)

Thanks, Scalping to the moon

I got buy dip signal for two days now but I don't know how low the push down will be.

[daytradingES]

a close near these levels would be "3 black crows" (in a way) and make the funds quite nervous - especially if they and their fund friends near to sell (parity and redemptions

[BullBear52x]

I would not be surprised if today closed green and above the red wedge.

[Cobra]

1st good sign for bulls but generally a revisit is needed. sorry didn't realize it's a downtrend day.