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The Great 2019 JANUARY V-RALLY IS ALMOST OVER!


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#1 dTraderB

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Posted 06 February 2019 - 09:51 AM

Below are three of my posts to mark recent big turns in the market.

Here I go again, I could feel it, the great 2019 V-RALLY is almost over

Line in the sand is a daily close above SPX 2764/70 zone which would negate this this call and lead to a higher market

Much more on this and follow-up later and during the next few days

 

McClellan's "10-1 UP VOLUME DAY" marked the ST bottom

http://www.traders-t...-the-st-bottom/

 

 

Truckload of SPY calls.... bring it on!

http://www.traders-t...ls-bring-it-on/

 

 

Is the Great Bull Market over? Could be that today is the Turning point

http://www.traders-t...-turning-point/



#2 cycletimer

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Posted 06 February 2019 - 01:34 PM

Short term, you are spot on.  Overbought and stalling.  However, I do believe any dips will be contained and the 2600 support will hold.  I bet a lot of traders are like me, Heavy in cash anxious for a dip!  Cash rich, stock poor! swoon.gif


Edited by cycletimer, 06 February 2019 - 01:34 PM.


#3 Dex

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Posted 06 February 2019 - 01:50 PM

thanks


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#4 redfoliage2

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Posted 06 February 2019 - 01:52 PM

Market is unable to go anywhere at this toppy place.  It's bad for ST option holders................



#5 redfoliage2

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Posted 06 February 2019 - 03:02 PM

Market is unable to go anywhere at this toppy place.  It's bad for ST option holders................

Now I see NYMO finally starts tanking from the nose-bleeding place.  You can see it after close today...............



#6 blustar

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Posted 06 February 2019 - 03:46 PM

I think you are right.  NASDAQ maybe today and the SPX Dow on Friday. Next week down into the 19th.



#7 dTraderB

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Posted 06 February 2019 - 03:49 PM

Some are saying this, and only this, is the VERY IMPORTANT reason why the FED had to stop rate hikes and QT.

 

The stock market swoon is threatening to compound the mountain of unfunded pension liabilities confronting states and local governments

https://www.bloomber...ding-challenges



#8 robo

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Posted 06 February 2019 - 07:58 PM

Some are saying this, and only this, is the VERY IMPORTANT reason why the FED had to stop rate hikes and QT.

 

The stock market swoon is threatening to compound the mountain of unfunded pension liabilities confronting states and local governments

https://www.bloomber...ding-challenges

The Fed has problems....

https://stockcharts....52c&a=644717628

Powerless Powell's Jerome Jeremiad

https://seekingalpha...tRoadblock=true



#9 dTraderB

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Posted 07 February 2019 - 09:27 AM

50ma support, 200ma resistance

 

How far down on this pull-back?

 

What will be the bulls' response?

 

Will bears be motivated to sell more in response to buy-the-dippers?

 

51289056_1088237088022073_68574488003115



#10 dTraderB

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Posted 07 February 2019 - 09:30 AM

Luke Kawa @LJKawa
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The share of S&P 500 constituents in overbought territory recently hit levels not seen in over a year. (Still amazing even in hindsight, about how little relative euphoria there was at the 9/20 peak)

DyzUQoRXQAEbqB9.jpg
4:10 AM - 7 Feb 2019