fehro wrote:VIX at 20d SMA green..TRANsports red.. mind the downside.. profit taking for EOM bonds pushing..
indexes weaken.. VIX >20d SMA.. mind the sell off prior to the long weekend / profit taking.. still iffy.. but can drop very fast.. should SPX loose 2900
+5%
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Volume profile tells the story. Goldman's buyback desk, as a convenient naming device for complex unknown forces jerked the market up yesterday on low volume. Now the market is saying we never had price discovery in that range we need to do that.
If they had done it during the overnight session everyone would have seen it as a gap that will be filled but when they do it right in front of us it isn't quite so obvious but the results are still the same, a gap in the auction process. Or so it seems to me.
maybe the low was in for today. anyway, so far looks like a range day as expected.
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WEED ALERT:
Check MJ, the weed ETF
Nearing 1million shares daily
Expense ratio is too high
Overweight a few choice weed stocks, see CGC (sweet) and CRON (ouch) http://etfdb.com/etf/MJ/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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INTRADAY TRADE
one day
two minutes
SPX
my STO is 55,6,6 (FULL STO), on the two minute chart, but use your favorite momentum indicator
green circle buy; red circle sell, you would have been out at about 2:04ET at about 2910 SPX
now already oversold, but no buy yet
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Bloomberg talking-heads scrambling to figure out the new potential tariffs
Cut to the chase: it’s all bullshit
Or as Willie Nelson’s kid says: https://www.youtube.com/watch?v=7sqVX3PWz9w
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:Bloomberg talking-heads scrambling to figure out the new potential tariffs
Cut to the chase: it’s all bullshit
Or as Willie Nelson’s kid says: https://www.youtube.com/watch?v=7sqVX3PWz9w
Apple, all the new stuff in September must be really great. Why else would Tim Cook have sold about 170 million dollars worth of stock over the last couple of months with the stock at its highs.
fehro wrote:VIX at 20d SMA green..TRANsports red.. mind the downside.. profit taking for EOM bonds pushing..
indexes weaken.. VIX >20d SMA.. mind the sell off prior to the long weekend / profit taking.. still iffy.. but can drop very fast.. should SPX loose 2900
interesting, the following graph shows the BLS measure U6, which is defined as total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers.It is thus the broadest measure of labor under utilization that the BLS publish. Recession periods(market top followed by pullback), in green boxes. employment report next week. last red triangle, " you are here"