8 replies to this topic

[redfoliage2]

The signal is currently at Neutral.

The market is unable to move much either way due to the pending outcome from the Sino-US trade talk in Washington.  I expect big move next week depending upon the outcome from the trade talk over the weekend.

Edited by redfoliage2, 18 May 2018 - 01:22 PM.

[redfoliage2]

From the market performance today it looks that the US-China trade talk is not going well.  Let's see if over the weekend any unexpected news out from the talk................

Edited by redfoliage2, 18 May 2018 - 03:38 PM.

[q4wer]

China ZTC cellular phone maker is going to go bankrupt, and 80k people will lost jobs.  Meanwhile, the chip makers of USA will sell less chips probably.  Likely, China will ban Apple phones soon.  Apple's revenue will be down 40% off.

Edited by q4wer, 18 May 2018 - 03:54 PM.

[redfoliage2]

VST turned into Bullish mode with the gap up on the joint statement from US-China trade talk over the weekend.

Edited by redfoliage2, 21 May 2018 - 08:55 AM.

[redfoliage2]

The signal closed the day at Neutral.

[redfoliage2]

The signal closed the day in Bearish mode. 

It's an outside day.  Expect SPX 2700 to be tested soon.

Edited by redfoliage2, 22 May 2018 - 10:26 PM.

[redfoliage2]

Forgot about a bull market , the bull died in February.  But not a bear market yet.   Before the bear market arrives it's going to be a long time for the market to be range bound between SPX 2600 and 2740.

Edited by redfoliage2, 23 May 2018 - 08:52 AM.

[redfoliage2]

Update:

The signal remains in Bearish mode.

Edited by redfoliage2, 23 May 2018 - 08:53 AM.

[12SPX]

Forgot about a bull market , the bull died in February.  But not a bear market yet.   Before the bear market arrives it's going to be a long time for the market to be range bound between SPX 2600 and 2740.

Yes agreed, especially with these volumes, think chop chop chop till September!