Jump to content



Photo

ST LONG, IT SHORT, bulls have the edge


  • Please log in to reply
10 replies to this topic

#1 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 2,002 posts

Posted 12 September 2018 - 08:05 PM

SPX eked out a 1-point increase in what has a hard-fought day with many new events and the APPLE underwhelming product announcement. Talks of TRADE WAR talks sent the DOW into the green and bulls have the edge as markets compress into a tighter range and wait for that catalyst that can take get us out of this funk. 

 

  

ST long stop exit @ 2885.8

IT short stop exit @ 2893.5

 

   41575519_1132346873570396_52266312840207



#2 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 2,002 posts

Posted 12 September 2018 - 08:07 PM

TIM ORD is flat.

 

 

The top window is the McClellan oscillator and readings <0 are bearish; today’s close -83.  Next window down is the 3 day average of the TRIN.  Market bottoms form on panic and the TRIN helps to identify those times with readings above 1.50.  When the 3 MA of the TRIN reaches 1.50 and higher the market is usually near a short term low; today’s reading came in at .97 and not showing panic.  Next window down is the 3 day average of the Tick/TRIN ratio.  Readings below -150 on this indicator can be a bullish sign and today’s reading came in at minus 232.74.  Best bullish signals are generated when the 3 MA Trin >1.50 and the 3 MA of the Tick/TRIN ratio <-150 and we don’t have that here.  The bottom window is the 4 MA of the Advancing (blue line) and 4 MA of the Declining (red line).  When blue line is above red line a bullish condition is present; when red is above blue then that is a bearish sign.  Also the market has been down 6 days in a row going into Friday and the market has been lower 10 of 12 times on average of 3% over the next 30 days. Therefore it would make sense if market does bounce to look for a short position.

https://stockcharts....er-12-2018.html



#3 bln

bln

    Member

  • Traders-Talk User
  • 292 posts

Posted 13 September 2018 - 08:57 AM

I detected the buy signal serval days ago at 2875 in my market breath/internal model. But I'm standing out as the pullback was too shallow for my taste, didn't even reach -2% in size. Will stay parked in T-bills even if I believe the market may continue to trend towards to new all time highs.


Edited by bln, 13 September 2018 - 08:58 AM.


#4 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 22,666 posts

Posted 13 September 2018 - 09:51 AM

 

FOLLOW THE LEADER !


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


#5 12SPX

12SPX

    Member

  • Traders-Talk User
  • 379 posts

Posted 13 September 2018 - 09:59 AM

I detected the buy signal serval days ago at 2875 in my market breath/internal model. But I'm standing out as the pullback was too shallow for my taste, didn't even reach -2% in size. Will stay parked in T-bills even if I believe the market may continue to trend towards to new all time highs.

One thing I've noted the past year is that corrections are usually only averaging about -1.5% now however that chart of GS doesn't look to good so maybe the volatile upwards slope will continue!



#6 K Wave

K Wave

    Member

  • Traders-Talk User
  • 2,928 posts

Posted 13 September 2018 - 12:13 PM

MASSIVE pivot now set on NQ at 7400 / Hourly 900 MA zone...

 

Bulls still have ball Intermediate term as long as that holds,

But if we come back under 7500 now on NQ, the likelihood of that pivot being broken would grow substantially, and should that pivot break, would be first real sign bulls running outta gas...

 

Next day or 2 should reveal a lot....

 

Any move under 220 on AAPL now that Show and Tell is over would be a warning sigh....


Edited by K Wave, 13 September 2018 - 12:14 PM.


#7 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 2,002 posts

Posted 13 September 2018 - 12:36 PM

What does this guy know about the market? 

We are near record highs, the A/D line is up, why is this in the "late inning" ?

 

David Tepper says the bull market is in the late innings and he's sold some stock holdings
  • Appaloosa Management's David Tepper is more uncertain about the stock market due to President Donald Trump's trade war with China.
  • "I've taken down my exposure [to equities]," he says. "I'm just not sure what's going to happen with these tariffs."
  • "It is a little tricky at this point of time. ... It's a late inning game."

https://www.cnbc.com...te-innings.html



#8 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 22,666 posts

Posted 13 September 2018 - 12:40 PM

EXTRA INNINGS... not "late innings"

 

It's called a SUDDEN DEATH WALK OFF COMING....


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


#9 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 2,002 posts

Posted 13 September 2018 - 01:24 PM

What's wrong in the financial sector?  Canaries in that coal mine?

First, it was the GOLDMAN swoon and now J MORGAN warns:

 

JP Morgan says trading revenues for this quarter will be down 'about mid-single digits'

 

https://www.cnbc.com...ll-be-down.html



#10 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 22,666 posts

Posted 13 September 2018 - 01:29 PM

They sucked the premium right out of crude today too...


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