24 replies to this topic

[PrintFaster]

Just to show how weak the tape is...

 

Despite high oil prices, oil service stocks near 2-year lows vs. crude prices:

 

[ryanoo]

looking for Fear meter at 10 or lower.

 

the earnings will likely surprise to the downside.  

[qqqqtrdr]

So yesterday, Rydex Ratio went down....   This normally means bears covered yesterday which lends itself to more downside today...  Short term we are not oversold yet, OEX Put/Call ( 10-day ) stays high, so this lends itself to more weakness in the markets....

[PrintFaster]

Lead SOX sled dog AMAT looking terrible...

 

[PrintFaster]

Breakout

 

[PrintFaster]

Not sure what is happening here......

 

Safety trade I suppose.

 

[dTraderB]

down to 30% of my original QQQ puts. A good run but I am not too keen on waiting too long or too greedy 

[redfoliage2]

down to 30% of my original QQQ puts. A good run but I am not too keen on waiting too long or too greedy 

Today I took this big pullback as a good opportunity to build long positions for an earnings run starting next week.  The bull market should resume as long as the earnings are strong........

BTW, NYAD turned up today even though the market made a lower low today.  A sign of selling exhaustion.

Edited by redfoliage2, 05 October 2018 - 12:58 PM.

[dTraderB]

almost perfect timing to take my exit! 

market rocketed just after!

[dTraderB]

Can't resist; adding to my depleted QQQ put positions;  bought 2 QQQ Dec 185 puts

Looking to gradually accumulate on spikes up