GUMBY9662C

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Well, with industrials falling out of bed the last momentum growth areas crumbled. Tighten up your longs, Mr Market taking us for a ride.

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Well, after what happened in XLI today it's fairly safe to say Industrials are in for a nice correction.

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Well, till now AAPL held the up trend momentum but tomorrow is decision day. This beast likely to define market direction tomorrow. The way the market acted today it looked like a series of short squeezes and not much real buying at all. This has me nervous.

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XLV Will likely fade this week loosing another momentum zone intermediate. Very good chance we are going to retest the longer term trend line.

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XLK is in a very bullish momentum stage intermediate and long term. Short Term was whipped out this week but we managed to recapture it's low. This might be a continuation buy point. I don't like going negative for this quarter all in the first week of OCT. i can't call this a buy point.

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XLF already closed out of the momentum phases intermediate and Closed right at the Short term Bearish crossover. Things looking bad for Financials here.

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XLY is still in the bullish phase but momentum s are broken. XLY looked above this week for OCT and gave it all back. Buyers out right shut down this Month so far.

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We all know the Iran sanction hit on NOV 1. It is most likely we at least tag if not breakout the prior highs. Strong demand for crude globally.

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It was one horrible week and the DIA held out the best. Despite the DIA loosing momentum the trend is till in tact. If we see a bounce the DIA should lead. So far DIA only gave back OCT inventory. Despite the carnage this week, DIA is up for the quarter. Trends are in tact and this should be a bounce point.

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QQQ The short term Phase broke last week. It turned bearish momentum trend last week to start the month. All Inventory for the past 2 months was whipped out in 2 days. So, now all inventory this quarter is also negative. Lots of reasons to think the sell algos continue form here.

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I can't deny we might see chop into earnings season but SPY Momentum is broken. We are not likely to see another uber bullish up leg. I am not about to say the market highs are in, I am saying right here right now the Momentum phase are broke. Spy is still on the bullish side of the intermediate line but the short term trend destroyed.

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BA hit resistance and seems to be backing off. I believe we see a back test of the break out. Now I had thought it was going to over $400 till the retrace but if market starts to sell logic would suggest the retest. The trend is still up but could change real quick here.

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Well, AMZN already broke the intermediate momentum fib and closed on the short term momentum line. Lots of risk for this month set up ahead. We managed to get a little bounce into the close but this is not a strong chart at all. XRT (retail sector) really took a bath this week. Even the indicees charts have momentum breaks all over the place. If it breaks...

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It's breaking lower. I was one of the only Posters out there saying bottom not in after the congressional Hearings. The Pain is just starting. This sector completely out of favor and crashing growth numbers not even a reality yet.

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We had a nice short squeeze past couple days but don't be fooled. Both long term and Short term trends are lower here. Yesterdays, Shooting Star isn't a bullish signal at all. Until Bonds stabilize this sector dead money for longs.

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Problem with retail is inflation pressures. I see the labor shortage a real problem. AMZN raising their minimum wage by that much suggests to me a serious issue for Christmas. I don't see huge cost increases due to tariffs this season but next year a real issue.

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Already testing the weekly trend line. Technically still in the uptrend. My big concern this one was late to the party and it is falling fast. Seems like lots of weak hands.

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Using the shorter term Trend analysis SMH is under the 50% fib fan. Now there is lots of value built out at this price zone but it is important to not this is the first time in this zone we closed below the 50%. Unconfirmed Warning here.