Something is not quite right internally. Stocks above 50DMA, expanding new lows, summation indexes, my volume oscillators are not confirming price action. Unless my indicators improve I think we have some down days ahead.
Posted 05 November 2017 - 11:08 AM
Something is not quite right internally. Stocks above 50DMA, expanding new lows, summation indexes, my volume oscillators are not confirming price action. Unless my indicators improve I think we have some down days ahead.
Posted 05 November 2017 - 11:49 AM
Posted 05 November 2017 - 11:52 AM
Posted 05 November 2017 - 12:18 PM
Not saying the turn is now. Just looking at internals diverging from price. If the internals improve, we continue the bull run...after all the world central banks are still pumping fiat currency. The Swiss have stated they ARE buying US securities and Japan has and is buying their own nations stocks. I think our own FED probably has an undisclosed stash of US securities, they have their own trading desk. (Nice to be a closed, private institution with no one allowed to look at the books)
I am a longer term trader and am fully positioned in my stock allocation. I do not trade daily. I use ETF's. Here is an example of one I hold.
Posted 05 November 2017 - 12:50 PM
Posted 05 November 2017 - 02:14 PM
Seeing the same thing. Was looking at my breadth charts Friday and shaking my head, and saying something doesn't feel right.... No longs, but no shorts yet, just OTM credit spreads for now (short).
Edited by dowdeva, 05 November 2017 - 02:16 PM.
Posted 05 November 2017 - 05:28 PM
Also called internal correction IMO...
Posted 05 November 2017 - 07:31 PM
I am looking for an attempt to sell it tomorrow.....early......as in the first hour of trading. As is my norm, I have another date for a high targeted should tomorrow's highs be taken out. Not gonna post the date in advance if at all.
Posted 05 November 2017 - 08:07 PM
Also, and in conjunction with the above, wouldn't be surprised to see at least a touch of ES 2587.5. That is also a number that should concern one holding short if it were to close the day above said number.
Posted 06 November 2017 - 08:32 AM
Seeing the same thing. Was looking at my breadth charts Friday and shaking my head, and saying something doesn't feel right.... No longs, but no shorts yet, just OTM credit spreads for now (short).
Yay!! Eight up weeks, better possibility of a flat week at the least but then theres expiration week!