7 replies to this topic

[trioderob]

notice how the Asian markets continue to erode …….

 

how much more before the US follows ?

[redfoliage2]

That's is likely the scenario for the US market in the next two weeks..................................................................

[K Wave]

Watching the Trannies here closely...been having a hard time getting any traction bouncing off the 200 day....

 

Above 10,500 and bulls can take the ball, but back below today's low, and BIG air gap below....

[qqqqtrdr]

I see the $TRANS falling, but it appears that it needs to Fall further fast to start to drag the rest of the market...  It could recover as well, so we could be off to the races...  Something to watch nonetheless.

[LMF]

As long as VIX remains below the 200 day MA here......there's not going to be much to worry about on the downside.  Every dip gets bought and then some....TQQQ is the racehorse.  Transports aren't that critical either.....its the DJUA utilities back above the 200 day MA that's way more important.  Utes are Interest rate sensitive and most likely discounting the end of Fed rate hikes at some point.  I doubt the Fed is going to be able to do a good job of explaining away an inverted yield curve by the FOMC meeting end of September.   

[K Wave]

Looks like we got our answer on Trannies.

 

Saturn V liftoff off of 200 day MA

[trioderob]

wow - notice that the EEM index is STILL eroding ...makes the hirs on the back of my neck stand up

[NAV]

notice how the Asian markets continue to erode …….

 

how much more before the US follows ?

 

Have you seen India's Nifty ? It is making all time new highs !