08/24/2022 Live Update

[Cobra]

More down, may test the day low.

[JFR]

The Top 10 Highest Short Interest % stocks within the Consumer Cyclical Sector.... [as of yesterday]
https://eresearch.fidelity.com/eresearc ... LNGTH&sb=1

Thanks for that link, Pasta Boss.

Short sales on stocks for particular companies. That is another ball game, which I participate in from time to time. Although there is plenty to keep busy already on the markets. But I did some quick preliminary research on that list. Some good candidates, with bad charts and bad fundamentals. I will try to pay more attention to Fidelity, given time to do so. I would like to see if they have lists for the other sectors, as well.

Fedelity is looking at it as an indicator of overall market vulnerability. I look at that list as candidates for individual short sales.

From my experience with short sales on stocks, the danger is you find a "dog," and short sell it, but it has its devoted bulls, and refuses to drop. Ha ha. So you have to try and see what keeps the price of a "dog" up. Once that support is gone, they can drop like flies.

From the list, for example, BLNK. Monthly chart and daily chart. It still has its supporters. Fundamentally it has issues, in my opinion, which I look for in a short. But the support has to fall away before I look at it to short sell. Just in my opinion.

BED BATH & BEYOND NASDAQ:BBBY 55.21%
BIG 5 SPORTING GOO NASDAQ:BGFV 32.36%
BLINK CHARGING CO NASDAQ:BLNK 30.18%
NATIONAL VISION HL NASDAQ:EYE 28.54%
NIKOLA CORPORATION NASDAQ:NKLA 28.37%
FISKER INC NYSE:FSR 26.09%
WORKHORSE GROUP IN NASDAQ:WKHS 25.34%
GAMESTOP CORP NYSE:GME 23.53%
GROWGENERATION COR NASDAQ:GRWG 23.38%
VROOM INC NASDAQ:VRM 22.29%

[DellGriffith]

I know this forum is geared to intraday. But I thought I ask a more long term question.

Yield curve has inverted. Major corporations have begun hiring freezes and/or layoffs. Consumer spending is coming in under expectations.

How confident are you the market will crash in the next year? on a 0%-100% scale.

Thanks.

[JFR]

I know this forum is geared to intraday. But I thought I ask a more long term question.

Yield curve has inverted. Major corporations have begun hiring freezes and/or layoffs. Consumer spending is coming in under expectations.

How confident are you the market will crash in the next year? on a 0%-100% scale.

Thanks.

It is day to day for me, DellGriffith. In this market, I am mostly day trading and scalping. The market can go up and down, and I am not overly concerned.

Tom Bowley, a writer with StockCharts I pay attention to, is optimistic about the market looking ahead. He writes weekly and gives workshops, some of which are free, I think.

[BullBear52x]

I know this forum is geared to intraday. But I thought I ask a more long term question.

Yield curve has inverted. Major corporations have begun hiring freezes and/or layoffs. Consumer spending is coming in under expectations.

How confident are you the market will crash in the next year? on a 0%-100% scale.

Thanks.

It is day to day for me, DellGriffith. In this market, I am mostly day trading and scalping. The market can go up and down, and I am not overly concerned.

Tom Bowley, a writer with StockCharts I pay attention to, is optimistic about the market looking ahead. He writes weekly and gives workshops, some of which are free, I think.

Fundamental without government intervention, this market will crash. longer term the way we print and new bills passed without knowing how to pay back, simple answer to that is civilization comes and goes, if it goes this time will it comes back this time around.?

[BullBear52x]

A look from Put/Call ratio. I like to look at $CPC over $CPCE/I. yesterday intaday spike high over 2 closed under 1, this tells me short term oversold and bottom of sort is possible for the next day's move. today intraday were under 1 still, I know stockcharts.com is way late on updating this data even after the market. but TOS or other trading platform you can see them real time.

current reading is .887, so if this reading were to be >1, more down side the next day is likely.

$CPC .887
$CPCE .7518
$CPCI 1.1 (this is very bearish for index p/c ratio)

Visualization. after market data from stockcharts.com.

[JFR]

I know this forum is geared to intraday. But I thought I ask a more long term question.

Yield curve has inverted. Major corporations have begun hiring freezes and/or layoffs. Consumer spending is coming in under expectations.

How confident are you the market will crash in the next year? on a 0%-100% scale.

Thanks.

It is day to day for me, DellGriffith. In this market, I am mostly day trading and scalping. The market can go up and down, and I am not overly concerned.

Tom Bowley, a writer with StockCharts I pay attention to, is optimistic about the market looking ahead. He writes weekly and gives workshops, some of which are free, I think.

Fundamental without government intervention, this market will crash. longer term the way we print and new bills passed without knowing how to pay back, simple answer to that is civilization comes and goes, if it goes this time will it comes back this time around.?

Ha ha. I think you are almost a permabear. LOL.

TW1.jpg (60.7 KiB) Viewed 3146 times

[DellGriffith]

I found this site

https://layoffs.fyi/

If you click on layoff charts, it gives you a look at layoffs in chart form over time. As you can see, layoffs began spiking again this summer. Neat tool!

Its a chart for STARTUPS only tho. But perhaps thats the bet measure.

[BullBear52x]

As I said before, my Bear DNA is higher than Bull DNA today. last clinical checked.

[DellGriffith]

https://layoffstracker.com/

This one seems to track all layoffs, not just startups.

[BullBear52x]

Back in no man's land. last sell setup intraday. a little late in the day. Peace!

[DellGriffith]

https://nypost.com/2022/08/19/half-of-c ... -suggests/

Half of US companies gearing up for layoffs, survey suggests
By Lydia Moynihan
August 19, 2022 11:18am Updated

More than half of all US companies are planning to lay off employees as they brace for an economic downturn, according to a new survey.

The PwC survey — which polled 700 executives and board members across the US — found 52% of companies have already enacted hiring freezes, four out of 10 have rescinded jobs or axed signing bonuses for new hires, and roughly half have started laying people off or are preparing to cut headcount.

The grim numbers underscore how dramatically sentiment has changed from a year ago when employers were handwringing over losing staff amid the so-called “Great Resignation” when employees left corporations en masse.

Unemployment remains historically low across the board but major corporations are gearing up for an economic contraction, and in recent weeks, notable companies like Walmart, Apple and Oracle have made headlines for axing corporate staff.

“Firms are playing offense and defense with their talent strategies,” said Bhushan Sethi, who runs PwC’s people and organization practice and helped compile the report.

[BullBear52x]

"Plan the Trade and Trade the plan" Day trade tomorrow will be easier now that we have box on swing setup (range to trade with) bears need to see LL and bulls breakout will be a screaming buy. Peace!

[Cobra]

Members only update at 3:38 pm
http://www.cobrasmarketview.com/2022/08 ... ay-update/

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2022/08 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449387