140 replies to this topic

[dTraderB]

I expect a strong attempt to continue Friday's rally, possibly another 3 to 5%  but it will be a great opportunity to build big short positions

 

SPX 3225 must hold or else it is down below 3K on that leg down

 

 

Lol, @TommyThornton with the headline of the day, for his Hedge Fund Telemetry: (https://t.co/CML7hLwT8B)

 

"BULLS REFUSE PEACEFUL TRANSFER OF POWER TO BEARS"

[dTraderB]

Agree partially with this .... but must first see the BULL follow up on Friday's spirited rally

 

 

tic toc

 

@TicTocTick

·

Sep 26

 

Weekly plan: 1. S&P500 searching for bottom but volatility not done yet imo

 

 

2. Am watching $AAPL stock as proxy 3. Continue to look

 

for longs as long as 108 holds. Now 113. 4. Eventual retest of 3404 on cards. Now 3284.

tic toc

 

@TicTocTick

·

Sep 26

 

Weekly plan: 1. S&P500 searching for bottom but volatility not done yet imo

 

 

2. Am watching $AAPL stock as proxy 3. Continue to look

 

for longs as long as 108 holds. Now 113. 4. Eventual retest of 3404 on cards. Now 3284.

 

[dTraderB]

Adam Mancini

 

@AdamMancini4

 

Have a great weekend! Red week #4 for $SPX, but the selling has been controlled and formed a bull wedge in the process Plan next week: This wedge is the core pattern. Ideal is a pullback 1st to setup a wedge breakout targeting 3380. Warning though: 3225 must hold, or we see 3100

[dTraderB]

From WSJ WEEKLY TECH REPORT:

Next week, the Congressional antitrust subcommittee will present its findings from more than a year-long investigation. Amazons favoritism for its own line of products and devices is sure to be a topic of discussion.

[dTraderB]

Insiders are selling stock. (Hajric and Wang via Advisor Perspectives).
"Corporate executives and officers at S&P 500 companies were busy unloading shares of their own firms over the last four weeks. The selling picked up so much versus buying that a measure of insider velocity tracked by Sundial Capital Research pointed to the fastest exit from stocks since 2012.

While factors other than valuations can influence insiders decisions to sell, the action from this cohort - likely the most-knowledgeable about their own businesses - is hardly encouraging news in a market where the S&P 500 is heading for its worst September since the global financial crisis. The indexs 2.4% plunge on Wednesday extended its retreat from the Sept. 2 record to 9.6% and left it little changed in 2020."

[dTraderB]

The Calendar
We have a huge economic calendar. All of the most important reports are on tap, with an emphasis on employment the official employment situation report, the ADP private payrolls, and the weekly jobless claim data. We also get confidence data from the University of Michigan as well as the Conference Board.

And that is just for starters! The ISM manufacturing and non-manufacturing reports are important reads on the current month. Personal income and spending are good signs of consumer health and the accompanying PCE indicator is the Feds favorite inflation indicator. We should also not ignore construction spending and factory orders.

The final estimate of Q2 GDP is not expected to change much, and it will be treated as old news.

Employment is critical news for most people, and this is the last report before the election. It will get even more attention than usual.

The first Presidential debate is scheduled for Tuesday evening. It will command a lot of attention, but probably will not be a market-moving event.

Briefing.com has a good U.S. economic calendar for the week. Here are the main U.S. releases.

[dTraderB]

https://global-macro...-key-levels-17/

[dTraderB]

LR:

In this issue of The Sell-Off Is Overdone. The Correction May Not Be.

An Orderly Sell-Off
Is The Fed Done?
The Correction May Not Be Over
Portfolio Positioning Update
MacroView: A Permanent Shift To Valuations
Sector & Market Analysis

https://realinvestme...ot-be-09-25-20/

[dTraderB]

I will continue to add more to current LT BAC & XLF holdings, and possibly add more bank stocks


Summary
Bank stocks have easily underperformed the market this year.
Lower interest rates are a headwind, but earnings will likely not decline too drastically.
Shares of many banks are inexpensive based on both earnings and book value, while also providing above-average dividend yields.

https://seekingalpha...rticle/4376216/

[tsharp]

 

Adam Mancini

 

@AdamMancini4

 

Have a great weekend! Red week #4 for $SPX, but the selling has been controlled and formed a bull wedge in the process Plan next week: This wedge is the core pattern. Ideal is a pullback 1st to setup a wedge breakout targeting 3380. Warning though: 3225 must hold, or we see 3100

 

 

I pretty much agree here, though the SP00s could see the 3200-3215 range to complete: