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Indicators Say Another Leg Down Coming In Markets

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#11 SemiBizz

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Posted 15 August 2018 - 08:53 AM

MONSTER VOLUME THIS MORNING.... RED SKIES THIS MORNING - SAILORS TAKE WARNING !!!


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#12 12SPX

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Posted 15 August 2018 - 08:58 AM

MONSTER VOLUME THIS MORNING.... RED SKIES THIS MORNING - SAILORS TAKE WARNING !!!

All expiration related, traders are rolling into September, I'm one of them lol!!



#13 ryanoo

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Posted 15 August 2018 - 09:02 AM

Retail Sales is coming up... think that's going to save it?

 

NOPE...

 

This is about the return OF your capital

 

No amount of cyclical good news is going to change the STRUCTURAL issues we have...

 

Maybe when China capitulates...

EEM -3.33% 

I read somewhere that 50% of Turkey's stock market is owned by US and 25% of bonds too. 

If Turkey defaults, their foreign debt will become the problems of foreign banks. 

It's not just Turkey's problem.



#14 SemiBizz

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Posted 15 August 2018 - 09:10 AM

 

 

Semi,
Whats your timeframe? Obviously not a one day event, you talking weeks? Coincidentally I sold some $SPX call spreads about 10 min prior to markets closing today.

 
Weeks?  We're in a MASSIVE LIQUIDATION.... US$ INDEX PUSHING 97 tonight...Full Scale Panic is probably only hours away...
 
Take Maximum precautions and FIRE YOUR ACCOUNTANT !
Ha! I have plenty of liquidity myself and not in a hurry to pay off the mortgage which is only a rate of 2.80%.

 

 

House prices are a grand delusion, created by funny money... let's see where they are a year from now...

 

You will be glad you didn't take your accountant's advice.

 

Don't lever up, you will be very sorry.


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#15 K Wave

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Posted 15 August 2018 - 09:17 AM

They still holding AAPL up...

 

IF...AAPL breaks 208 now, then things could start to get REALLY ugly today....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#16 ryanoo

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Posted 15 August 2018 - 09:17 AM

Maybe the Dow gap below 200DMA will be filled in this leg down.



#17 K Wave

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Posted 15 August 2018 - 09:34 AM

NYA trading back below 200 day MA....looks an awful lot like pre-crash breakout/fakeout setup over last couple weeks....

 

the rest of today could prove very pivotal...if bulls do not manage a stick save here, the abyss beckons....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#18 SemiBizz

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Posted 15 August 2018 - 09:35 AM

DJIA could go down 1000 points today...


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#19 K Wave

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Posted 15 August 2018 - 09:37 AM

AAPL just put in pivot at 208.5 area.

 

IF that breaks now, would likely be first sign of something more ominous starting to develop....

 

And if it holds, and AAPL goes and takes out HOD, then stick save by bulls very possible....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#20 SemiBizz

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Posted 15 August 2018 - 09:42 AM

Nah, AAPL doesn't correlate very well to overall market...

 

It is on it's own trip !

 

Today's AAPL:

 

AAPL - INSIDE DAY ON LIGHTER VOLUME CONSOLIDATION - OK so despite the big bounce in the market today... AAPL had it's bounce yesterday and today just digested the gains, closed up a little less than a buck at 209.75, but that was also a new all time closing high, which was a plus... so we still  have no reason to expect weakness and we're not getting any...

 

 


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics