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[dTraderB]

Maybe not exactly tomorrow but the countdown to the 2019 top is on..... new highs possible then DOWN

 

Not IF, but WHEN?

 

RSInvestor‏ @rsinvestor 32m32 minutes ago

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Tomorrow is the 1 year anniversary of 9/20/18, the $SPX high before the Q4 drop. This is interesting. ETF price % change, 52weeks ending 9/19/19 and 9/20/18. Very different profile, and clear change in leadership. Not sure what it means yet. Bull mkt vs. Bear mkt action?

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[dTraderB]

Helene Meisler‏ @hmeisler

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Helene Meisler Retweeted Helene Meisler

Day 7 gives us 3006. Thanks for playing.

Helene Meisler added,

Helene Meisler @hmeisler

SPX cash close the last six days (since 9/12): 3000 3009…

1:01 PM - 19 Sep 2019

[dTraderB]

1. Helene Meisler‏ @hmeisler 51m51 minutes ago

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   transports red 4 in a rowore

2. Todd Gordon on CNBC has a 3800 target for the SPX More

3. RUT red three in a row. Hasn't done three red in a row since the first days of August

[redfoliage2]

It topped on this day last year because the Fed was tightening; and now it's just the opposite. JMHO

[Harapa]

For investors only:

This time it is different. 

Edited by Harapa, 19 September 2019 - 06:33 PM.

[Harapa]

For investors only:

This time it is different. 

For traders market is prepping for a 20+% pop in TVIX. Stay tuned...

Edited by Harapa, 19 September 2019 - 06:37 PM.

[dTraderB]

It topped on this day last year because the Fed was tightening; and now it's just the opposite. JMHO

True, but.....

 

The tepid reaction to this FED cut suggests the market does not like it and the hawkish talk from Powell indicates the FED is not on auto cut mode but waiting on dat and will assess from month to month. 

If the market does not like a RATE CUT and does not rally then market will go down or go nowhere as it has been for the past few days. 

 

New SPX highs possible but the earnings season and October seasonality may bring on more down than up days, i.e. markets will go down.

 

of course, good trade news will be very bullish but only for 2 to 3 % since there is only so much you can milk the same news and the market seems to have already priced in no major "bad" trade news. 

[dTraderB]

oh Larry! totally agree with him on UBER and WEWORK
From BARRONS:
Ellison Sounds Off

Larry Ellison has never been shy about voicing his beliefs. And on Wednesday, he invited a group of entrepreneurs to his San Francisco home to answer their questions. 

Barron's Eric Savitz watched as the Oracle co-founder shredded some of Silicon Valley's most-hyped companies. Uber Technologies and WeWork, he said, are “almost worthless.”  

He ripped Uber with both a shrewd take on the market dynamics it faces and some ad hominem:

Ellison argued that while Uber raises capital to spend on gaining market share from rival Lyft (LYFT), the business they secure doesn’t necessarily stay with the company. He pointed out that Uber doesn’t own its cars and doesn’t control their drivers. And he declared that “they have an app my cat could have written.”

Ellison said losing money to gain market share is “idiotic” if customers won’t stay with the firm. “They have nothing,” he said. “No technology. And no loyalty.”

And then there's WeWork, which doesn't fare much better in Ellison's estimation. 

He mocked WeWork’s assertion that it is a technology company. “WeWork rents a building from me, and breaks it up, and then rents it,” Ellison said. “They say, ‘We’re a technology company, and we want a tech multiple.’ It’s bizarre.”

[dTraderB]

From iSPYETF:

 

Rate Cut Jubilation?

 

Market Outlook (September 19, 2019)

 

The S&P 500 is almost exactly where it was last week ago, so today's update will be short and sweet. 

 

Based on my observations, the initial reaction to the Fed's decision is often a fake, and the initial reaction was down. The S&P 500 is likely to go for the purple trend line again. As shown in the chart below, not only the S&P is butting up against (purple) trend line resistance, the Russell 2000 and Dow Jones Transportation Average are as well.

 

This means we are likely near an inflection zone. Trend following technicals are pointing higher, but forward-looking indicators are pointing lower. Investor sentiment is returning back to neutral after being way too bearish just a couple weeks ago (when I wrote pre-mature bears needed to get burned).

 

Now is not the time to make big bets. A break above resistance is needed to unlock higher targets, and a break below support is needed to get a bigger pullback.

 

 

https://www.ispyetf.com

[dTraderB]

 

For investors only:

This time it is different. 

For traders market is prepping for a 20+% pop in TVIX. Stay tuned...

 

 

 

or even more....

 

VIX can rise 20% in two or three days....