After 3/3 Completed Friday, the Retracement was to be Anticipated. What comes next will be Instructive as the AM Session was used to shove the ES/NQ into the stratosphere. This is WHEN we SELL and we did, 3X. _____________________________________________________________ Cajones are required - IF you are re-arranging your Deck Chairs... Huge Mistake. I'll...
Lower Price Objective Front Run on Friday's Close. Pinned to Expiry. Lower 35100 Price Objective in Trade. ______________________________________________ DOW leading is never a good sign. It is now in a 13/13 Count with a great many Gaps below all the way down to 28.212. 34,200 33,700 33,100 31,013 The Larger Weekly TF...
Prices are going to break IMHO. DEC VIX looking to get Busy. Trend Change shaping up.
Pointed out the Indies will follow YM and Crude. The DOW is unable to hold 36100 and continues to make Lower Lows in Momentum and Trend on the Cloud. It's there in Living Colour. Growth vs Value... The FEDs own FSR suggests NEITHER. 85 Pages worth reading. _________________________________________ Accident ahead.
Day 8 of the Trading Range and the YM continues to weaken. Unable to break above the Speed Settings for both the Momentum and Trending Clouds. ____________________________________________ Equity Holders have used Cash Out ReFi's to purchase more Stocks, while Corporate America is on a Share Buyback Frenzy with $1.021 Trillion CASH Holdings. Overall Debt to...
The Dow appears somewhat unnerved. Price rallies 150-200 and is immediately SOLD. Today it closed 20 ticks over the LOD. ________________________________________ Sellers have been present for some time and they are using every move Up - to SELL. New LOD now in Globex appears to be inbound OR a retest of the Lows.
The YM is struggling. It gives up gains as quickly as it elevates them Intra-Day. As Capital Whipsws between Growth and Value... The YM will likely be the first to Give up the Ghost.
The Dow Futures have been an easy SELL at the top of the Range. BUY Side anticipates another BUY at the bottom of the Range. The YM Closed September @ 14,682 and with the High for October at the level of 15001.25 it is well off the prior Months Close, as well, and more importantly - well off the October Highs. The Intra-Day Price swings have been Volatile, with...
Evergrande's exposure is $300Billion, US Institutions admit to $20Billion in Direct exposure. Total exposure is being hidden in Passive Funds. Does not matter, there are far larger issues. China will bail out Domestics... Sovereigns... not so much. Next. Distractions are always the Hero's...
The larger issue will be whether or Not they trap SELLERs looking for the Monthly Gap Fill @ 28.2K. The DOW has been weak on a realtive Basis given the 34053 has Broken, this was important Support @ Monthly. Support lies at the 34139 level on the Weekly closing basis. This will imbue SELLERs as technical support is @ 33120 followed by 31848. The channel...
Industrials taking a break from the Selling to gain higher entry Fills. Trend remains South. As VIX and VXN pullback into ROLL/Settlement from M1 into M2, Price is completing the next series.
Industrials continue to follow Transports. Energy, Materials, Every Sector weakening. Dow 31K Target as Yields ROC's gain further traction. Terrible Breadth. US DX continues to build into the FX Accident.
The Transports continue to Provide indications the DOW/INDU is heading for a 31K target into October. Decidedly weakening. Utilities aren't even catching a Bid. The Russell 2000 holding up remarkably well in the face of selling. RTY Plaything remains just that for now, a place BR/VG can park $ and prop... for now.
The Risk of a 2 month correction after this week completes and treading begins Tuesday. This does not appear to be a major high and a retest of support back to the 31,000 level is possible as long as 37,000 level on the Dow is not exceeded. Wide Range? Indeed - 2,000+ Ticks of range. Yes, it all is within the boundaries of enormous Ranges, trade Micro CT's in...
Unmistakable Distro Pattern. Rotations are short lived. FED Purchasing Arms have reversal Fills on for decline while ATH after ATH is forced higher on decreasing Volumes. We have 35,912 to 36,737 as potential Highs for YM - Probability is Neutral for now, the overthrow would not hold and requires a quick and dirty move higher. The throw overs are common at...
Investors are spreading Capital as concerns ahead of Technology Earnings. New Highs will create an even larger chase for Retail.
NIO may go down after good rally, I will not shock if reach to $10