37 replies to this topic

[dTraderB]

Not saying this is that Hindenberg thing but we may get a day or two or more of declines. 

 

[tradesurfer]

Are you sure only one or two more days? This looks like a setup for relentless down into 2920 before bounce.

Looks like the perfect setup for big money to unload

7 or 8 down days in a row

2b sell signal

[tsharp]

One of the issues when forecasting with fractals, is that they can have multiple interpretations... that said, I also don't toss in the towel on a count, until it can no longer be viable, so here's what I have at this time... today's decline seems to have been wave-a of wave-e. which will complete the first segment, wave-a of an ending diagonal triangle that goes into year's end... twt.

 

P.S. my momentum swing model reversed to short this afternoon at 2994.

 

 

Edited by tsharp, 19 July 2019 - 11:37 PM.

[dTraderB]

• Helene Meisler‏ @hmeisler 14h14 hours ago

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  I want to make a point about sentiment. Everyone citing AAII because bulls are 'only' 36%. No one citing II (more reliable, more scientific) where bulls are 58%, highest since October high when they were 61%

  10 replies28 retweets133 likes

   

ripsters‏ @ripsterlicious

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Replying to @hmeisler

zig zag correction into bradley turn date?

1:54 PM - 19 Jul 2019

[dTraderB]

David Larew‏ @ThinkTankCharts

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S&P 500 - Drama coming up next week?? Do or die time in the markets - favors UP

3:49 AM - 20 Jul 2019

[dTraderB]

David Larew‏ @ThinkTankCharts

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Bullish Percent - Bull, but overbought, they say. Overbought generally means hold long in my book. HUGE week coming up in the markets.

3:32 AM - 20 Jul 2019

[dTraderB]

David Larew‏ @ThinkTankCharts

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Breadth - Keltner Channel is still saying that the Breadth is extremely Bullish which flies in the face of Bears - Possible strong reversal up on Monday???

3:28 AM - 20 Jul 2019

[dTraderB]

There will be a rebellion - politically & financially....so here comes a rate cut, I prefer 50  bps with less dovish (more hawkish) hawkish statement. 

The FED must do this so it can free itself from pressure to CUT CUT CUT; the FED must now say - after the cut - that it will be data dependent and 

will decide on future cuts based on the REAL DATA.... not predictions

 

Fed’s Rosengren says interest-rate cut not needed

 

https://www.marketwa...w_theo_homepage

[dTraderB]

HUUUGGGGGEEEEEEEEEEEEEEeeeeeeeeeeeeee week ahead, followed by FED following week, and this was supposed to be a quiet Summer lull

 

Can't wait to get away after the FED cut.   I think GDP will be higher than forecast.

Thursday is the BIG day for earnings:

 

Thursday

Earnings: Alphabet, Amazon.com, 3M, Intel, Starbucks, A-B Inveb, Ambev, AstraZenca, Bristol-Myers Squibb, Comcast, Hershey, American Airlines, Nokia, Royal Caribbean, Tractor Supply, Brunswick, Dow, Diageo, Cenovus, Southwest Air, Expedia, Mattel, Alaska Air, Boston Beer, Petrobras, MGM Resorts,

 

but Wednesday may be as important:

Wednesday

Earnings: Boeing, Caterpillar, AT&T, Facebook, Ford, Tesla,DeutscheBank, F5 Networks, Raymond James, Kaiser Aluminum, Graco, Las Vegas Sands, UPS, Northrop Grumman, Alexion Pharma, Anthem, Boston Scientific, FreeportMcMoran, Norfolk Southern, Northern Trust, Nasdaq OMX, Six Flags, NextEra Energy, LVMH

 

but I think this is the MAJOR data item next week:

Friday 

8:30 a.m. Q2 GDP (advance)

 

CNBC:

 

KEY POINTS

• More than a quarter of the S&P 500 companies report earnings in the week ahead, including Boeing, Amazon and Alphabet, but it will be the Fed that will hold the focus of investors, a week away from its own meeting.
• The market is caught in a debate, not over whether the Fed will cut interest rates, but whether it will trim by 25 or 50 percentage points.
• There is some key data in the week ahead, and second quarter GDP should show that growth slowed down to 1.8% from 3.1% in the first quarter, according to Refinitiv.

https://www.cnbc.com...cut-coming.html

[robo]

Not saying this is that Hindenberg thing but we may get a day or two or more of declines. 

 

I use the Dumb Money data from Sentiment Trader......

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Skeptics cue the , but today was the first time since early last October when both the NYSE and Nasdaq triggered Hindenburg Omens. There have been 199 signals since 1962. Future returns were

SentimenTrader‏Verified account @sentimentrader Jul 18

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The Dumb Money Is Nearing Maximum Confidence https://www.sentimentrader.com//blog/the-dumb-money-is-nearing-maximum-confidence/ … via @sentimentrader

Edited by robo, 20 July 2019 - 03:29 PM.