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Weak inside but the DOW leads the bull charge into record terrritory


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#1 dTraderB

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Posted 02 October 2018 - 06:12 PM

Mixed market, could be consolidating before a major move up but I don't think so. 

Looks more like topping action then down.  My Crash Window will be slammed shut if 

market does not decline in the next week or two (not a mere 10 points S&P but more like a hundred or more)

 

 

Dow 26773.94 +122.73 (0.46%) Nasdaq 7999.53 -37.75 (-0.47%) SP 500 2923.27 -1.16 (-0.04%) 10-yr Note +8/32 3.053     NYSE Adv 1136 Dec 1818 Vol 807.8 mln Nasdaq Adv 959 Dec 2076 Vol 2.4 bln

 



#2 dTraderB

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Posted 03 October 2018 - 07:36 AM

Haha ... good morning laugh at the expense of BARRON'S 

Of course, moving averages don't work but you have to observe the market action and behavior at these averages because many people do ! 

I use averages not as crossover MA buy & sell indicators but to be aware when the market approaches well-watched levels. 

 

The 200-Day Moving Average No Longer Works as a Market-Timing Tool 

https://www.barrons....tock-1538413222



#3 dTraderB

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Posted 03 October 2018 - 07:43 AM

Apparently, I cannot paste charts directly into the posts so.... don't have time to do that via 3rd party tools. 

 

ST Long, IT Long

 

SPX closed just below my critical 2924 level

 

Markets may be dawdling and pulling back from overnight and early session highs, with internals not indicating a strong market, but you cannot deny the trend is still up, even if weaker than previous record-high rallies in this 9-year bull market. 

 

ST long exit stop @ SPX 2321.5

 

IT long exit stop @  SPX 2316.9

 

I still think this market is in a topping mode and will suffer a swift decline to at least SPX 2800 before November 15th

 

Crash Window still open but time running out



#4 tsharp

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Posted 03 October 2018 - 07:57 AM

Looks like a break upward is in the making... a close above both DTLs means new ATHs for the SP00s, and will joint the Dow in the same.

 

SP00_240_10.3.18.jpg



#5 dTraderB

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Posted 03 October 2018 - 12:34 PM

Getting into the serious VXX long trades now:

LONG @ 26.09

 

Risking 40 points



#6 dTraderB

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Posted 03 October 2018 - 01:26 PM

YIELDS spiking as bonds tank



#7 dTraderB

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Posted 03 October 2018 - 01:31 PM

The yield on the 10-year Treasury note hit its highest level since July 2011 and the yield on the 30-year Treasury bond hit its highest level since October 2014 on Wednesday after new data fostered views of a booming economy.

 

https://www.cnbc.com...s-in-focus.html



#8 dTraderB

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Posted 03 October 2018 - 01:47 PM

Now or not again for a few weeks for the BEARS....



#9 dTraderB

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Posted 03 October 2018 - 03:47 PM

Doing my preliminary analysis: if this market does not drop to at least SPX 2850 by next Friday then it will rally all the way to SPX 3020, minimum

 

I have seen decades of weak & toppish markets and this one is a top 5 in that category. 

 

But, until it drops, this is still a bull market rally in its late stages, maybe, but a resilient bull with more gas in the tank.

 

Speaking of gas, NAT GAS soaring, crude somewhat toppish but rebounded  from early lows. 

 

The most important data today are the BOND YIELDS. What caused this pop? 



#10 PrintFaster

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Posted 03 October 2018 - 10:29 PM

Complete collapse in breadth continues