According to the Internet, Lyft is down some 30% post-market following an earnings call that says the company slightly beat revenue and active rider targets, but reduced guidance for Q1 '23 by roughly 10%. Q1 spending and travel being down under the conditions of a) post-Christmas and b) in an economy where credit card debt and credit card rates are climbing high...
Good morning lovely ppl Maintaining trailer $SDOW #DowJones short position May add more if we pop enough Initiated $VIX long position There's various ways; options $VIXY $UVXY & more 3 warnings signs, see previous posts Ignore RSI if it shows on post Let's see how Nov ends $DJI $DIA #stocks
28.2K and 24K await... it's simply a matter of time. Industrials for the Post Industrial Co-Dependent Economy are being Sold as if there is no tomorrow... Nothing like a solid lift to re-enter the Trend, which is Down. Counter-Trends are nasty Bed Fellows. 3M, Dow, and a great many of the glory days Equities are being dumped on the heads of Ma n'...
IS puking all over itself... Select DOW components are providing rather large warning signs. Ignore them and it could turn out costly. ______________________________________________________ Clinging to the past is probably a bad idea... by any indication.
Not a good Look Longer term. 28.200 is the Gap Fill. 24K as well. With Financial and Industrial imploding, the RT will be Weak at best. ___________________________________ Copper and SIlver will consolidate prior to giving the YM the kick down the stairs, the correlations there are solid. ___________________________________ Short terms, stick save followed...
It will be interesting to see IF the IT TL holds over the Summer. IMHO it would appear in mid to late June. Time will tell.
Value? Until pricing power collaspes. Infaltioanry Depression will wreck the DOW as well. It will follow the NYSE Comp and MSCI. Of the Global Indexes, only the FTSE is heavily weighted to Energy.
A great deal of technical damage was done here. It is remarkable how poorly the "Rotation Trade" CNBC has been touting for 4 weeks failed. _____________________________________________ "Obliteration Trade" perhaps. Dow Theory Sell Signal works to perfection.
The Bog Dawg finally begins to correlate, it did however lead along with the RUT. The DOw has yet to break its Support. It will in time, I'm closely watching the INDU / DOW for signs of 2/5 beginning. It closely follows the Value Line Index I commented on last week. ______________________________________________________ Using the POS the Objective has been...
So much for Hiding from the Mouse Jerome, he keeps hiding the Cheese. Dip Buyers tried rotation 3 times... and failed. Ouch. Now down 1500 from the Highs just a few short weeks ago, all was good until - it wasn't. Is not good. No relief, no Countertrend, no rotation, no safety, no nothing but a big double oot to the cranium. 33,000 - 31.000 should complete...
Below Trending Could and the failed Rotation to Value in early 2022. This has been an interesting week for the follow on Trade into what was considered safety - Value. It has not quite worked out as the YM plunged nearly 1000 Points from the proper Weekly highs. It sits in a tenuous position in need of conviction that simply isn't taking shape with further...
The DOW caught an early New Year's Bid into traditional Value. Rotation Failed in 48 Hours giving up nearly 800 off the Highs. Suggesting, "safety" isn't perhaps here. _____________________________________________________ The lower Trend Line from the prior Lows is above the Monthly Gap Fill @...
Looking overdone presently - with inflows and another attempt to throw over failing, we're beginning to see signs of a Reversal setting up. Ideally, they wanted 37100. Missed more than a few. Every time it has tagged the UTL it has failed. _____________________________________________________________________ The Structure is very weak,
The INDU/DOW/YM illusion remained strong until it did not. After the FED Squeeze to complete the Gap FIlls on all Indexes, everything reversed, Growth being the leader. Charts are Hiding the Monthy Break Away due to Continuous Contract in the Futures. See CASH DOW. _____________________________________________________ Not everyone can afford a Mortgage,...
Overdue for a Prop after placing a nice DB on the Lower Trendline. The order of the Day, the Straggler - NQ whose Price action is a bit much to stomach at this point. BANK is driving the ES YM RTY Higher as it is now up 3.76% - and has a higher Gap to Fill well above 5K. Sectors rotation to some Value Trades, but remains in Distribution Mode into the Next...
The SMAs will be irregular Fills. YM has been the Leader to the Downside. It isn't over... not by a Long Stretch. _____________________________________________ Use FINs / SMAs for SELL Entries into the Trend with the next higher Fib as Stop.
Long overdue for NQ RTY ES to play catch up. They finally did, the clock was ticking. ________________________________________ Position - INO / CASH Selling the NYSE open was the Setup as Indicated. Patience and diving in worked quite well - our day was complete prior to 11 AM EST. We closed ALL Sells/Buys in NQ ES RTY YM UVXY VIX VXX and a Few Equities - ...
Crude Oil and the DOW have been the ever-present reminders. Wild Swings for Fills worked for Both. Crude Oil made a 7 Tick Front Run of the 50%, YM Traded it to perfection reaching the Upper Trend Line. We will need to see how the NYSE open Response - Panic Sell into a Waterfall decline or a Retracement into the Next Fill for Lower. c The YM's Range is now...