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10/08/2018 Live Update

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BullBear52x
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Re: 10/08/2018 Live Update

Post by BullBear52x »

Too early to quit, I will buy again somewhere here at lower wedge. buy day for me soooooo..... one more buy.
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Cobra
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Re: 10/08/2018 Live Update

Post by Cobra »

assume range low is the day low or the Friday's low, so pullback not over yet.
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Daniel
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Re: 10/08/2018 Live Update

Post by Daniel »

GLD down 1.5%, SLV -2.5%
TLT sluggish as expected, but nonetheless hitting a fresh lod.
UUP up a bit, but flat since the open.

So-called "havens" are not drawing capital.
Daniel
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Re: 10/08/2018 Live Update

Post by Daniel »

Cobra wrote:assume range low is the day low or the Friday's low, so pullback not over yet.
QQQ has undercut both.
brokebybernacke2
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Re: 10/08/2018 Live Update

Post by brokebybernacke2 »

ST bulls just waiting for "china relations are great" or Powell to simmer down....
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BullBear52x
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Re: 10/08/2018 Live Update

Post by BullBear52x »

gave back 3 handles, I call it a quit.

CCI is too low for my taste to short the market over night. GL
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Al_Dente
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Re: 10/08/2018 Live Update

Post by Al_Dente »

EXCELLENT long-term sector chart from Callum Thomas
“This chart makes me feel queasy ...”
https://pbs.twimg.com/media/Do2RFrvXsAAdrVM.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 10/08/2018 Live Update

Post by Cobra »

testing Friday low, looks like a rebound here first.
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Daniel
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Re: 10/08/2018 Live Update

Post by Daniel »

ASHR (CSI 300 A-shares) is a broad-based but more volatile China ETF. It is trading sluggishly, acting mainly as a sentiment indicator (absent China-related news), as mentioned earlier. But nonetheless it is testing its opening LOD. This is confirmatory of US weakness.
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Al_Dente
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Re: 10/08/2018 Live Update

Post by Al_Dente »

VIX is up +22%
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Daniel
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Re: 10/08/2018 Live Update

Post by Daniel »

And now kaboom! VIX over 18!
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Al_Dente
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Re: 10/08/2018 Live Update

Post by Al_Dente »

If we closed right here (IF, IF)
There would be "THREE BLACK CROWS" all over the place
http://thepatternsite.com/ThreeBlackCrows.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 10/08/2018 Live Update

Post by Al_Dente »

THREE BLACK CROWS on the daily don't count until the close
108three crows.png.png
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Cobra
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Re: 10/08/2018 Live Update

Post by Cobra »

so far looks like a bear flag, not good.
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Al_Dente
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Re: 10/08/2018 Live Update

Post by Al_Dente »

BIG TECH
15 min
LOWER LOWS
108tech ll.png.png
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Cobra
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Re: 10/08/2018 Live Update

Post by Cobra »


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MrMiyagi
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Post by MrMiyagi »

!!! NEVER EVER NEVER GOING UP AGAIN! NEVER!! EVER !!!
QED
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Re: 10/08/2018 Live Update

Post by QED »

MrMiyagi, will we ever go up again?
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Al_Dente
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Re: 10/08/2018 Live Update

Post by Al_Dente »

Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Daniel
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Re:

Post by Daniel »

MrMiyagi wrote:!!! NEVER EVER NEVER GOING UP AGAIN! NEVER!! EVER !!!
By this he means that SPY is down about 2-3% from an ATH.
(Luckily for him he doesn't have to pay for the bandwidth) ..:P
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