11/24/2018 Weekend Update

[Cobra]

Down 2 weeks in a row, the next week had 62% chances to close up.

[Al_Dente]

11/22
How the trade wars are affecting American farmers (mostly dairy)
Only 5.5 minutes, and worth every minute
https://www.youtube.com/watch?v=er0TLbTBYUM


11/21
The Zuckerberg interview (his eyes are bloodshot)
https://www.youtube.com/watch?v=pq1buvnFGnE


11/23/18
So, did potus make an agreement with the saudi prince: If you lower oil production/lower oil price, I will cover your ass on the Khashoggi slaughter?
Is that what is happening?
Does it even work that way?
https://www.youtube.com/watch?v=5behakUugVw

[Al_Dente]

Big tech
60min

[Al_Dente]

This chart shows “Percent Change” since 1/20/17, the day he stepped into the oval office.
[WTIC is eod; all others are as of today’s close]

[Al_Dente]

YTD banks
Including eurofinancials in cyan, and spy in dashed-purple for comparison
[TBTF means too-big-to-fail]
[GS in gold is down -25%. Recall that -20% is generally considered a bear market number]
YTD
hair-on-fire

[MrMiyagi]

It all comes down to G20 and how Trump's megalomania will play out. No chart or sentiment can stand up to this, it's a boom-or-bust crossroad. That's all there is to it. Take it as a political post or not, bury your head in the sand, whatever. This is the reason for the market's drop, $200B tariffs on September 24th.

[BullBear52x]

From it is what it is department:
Charts speaks, lets look at where we are and where we've been.
Long term simple buy the dip is still well.

GDP growth is still on the up tick (see 2012 and 2016 when things are bad)

Lets look at bottom behavior in the past, Money flow is improving in the past week.

2016 bottom had the same characteristics

another significant bullish counter trend to follow in a coming week is a strength on UP volume to Down Volume ratio. bottom line as a trader ONLY price Pays. short term intraday level bears are in control until then.....Peace!

[Al_Dente]

.............

[Trades with cats]

Consensus opinon seems to be we need three things for new highs.

1. What Miyagi said, a trade deal with China
2. Fed backs off, and right now the futures market is saying fewer than what they say next year so could happen
3. Buybacks to the moon Alice.

So December Fed language is critical and action at the G20 on the sidelines just as critical.