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Sept. Selling Just Started Today?


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#1 redfoliage2

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Posted 03 September 2021 - 10:11 AM

Internals tanking sharply today .....................



#2 redfoliage2

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Posted 03 September 2021 - 10:49 AM

The intra-day NYMO indicator now is in negative ........................



#3 K Wave

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Posted 03 September 2021 - 11:08 AM

Just waiting for Mega Caps to finish churning at the highs.

 

A breach $300 on Mr. Softie now would likely stop the up escalator....

 

.



#4 fib_1618

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Posted 03 September 2021 - 11:09 AM

The intra-day NYMO indicator now is in negative ........................

 

The only thing that counts is when trades are evened up at the end of the daily session...intraday is useless analytically.

 

Emotionally? Sure....it's a crutch.

 

Fib


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#5 K Wave

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Posted 03 September 2021 - 11:11 AM

The non-confirmation by Trannies is getting more glaring by the day....

 

If they re-breach 14700 downside soon, could get even uglier there...

 

And now the Big Rails, that are such a huge part of that index, starting to show signs of weakness...

 

FDX has been sick for months now


Edited by K Wave, 03 September 2021 - 11:13 AM.


#6 K Wave

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Posted 03 September 2021 - 11:21 AM

Shorter term time frames on TNX 10 Year Yield now looking potentially pre-explosive as TNX attempts to seal in the the 4 hour turn off support near 1.20 level.



#7 redfoliage2

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Posted 03 September 2021 - 11:30 AM

 

The intra-day NYMO indicator now is in negative ........................

 

The only thing that counts is when trades are evened up at the end of the daily session...intraday is useless analytically.

 

Emotionally? Sure....it's a crutch.

 

Fib

 

Unless bulls are able to organize a late day push-up as usual, the intra-day data should be reflected in the daily after close  .....................


Edited by redfoliage2, 03 September 2021 - 11:36 AM.


#8 fib_1618

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Posted 03 September 2021 - 11:37 AM

The non-confirmation by Trannies is getting more glaring by the day....

 

If they re-breach 14700 downside soon, could get even uglier there...

 

And now the Big Rails, that are such a huge part of that index, starting to show signs of weakness...

 

FDX has been sick for months now

 

Maybe...but you do have to admire how the Transports have lost only 11% from their all time highs while WTIC has rallied 525% since the 2020 lows.

 

In any event...the majors like FDX, UPS, DHL and OnTrac continue to have both logistic and hiring problems since March of last year. More people are using Priority Mail as well as a go around, but the postal service are facing the same problems. It would seem that personal inspiration to work hard has suddenly become more apathetic toward this same goal.

 

One can point fingers "liberally" on the reasons why.

 

Fib


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Wise men don't need advice. Fools won't take it. - Benjamin Franklin

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#9 fib_1618

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Posted 03 September 2021 - 11:44 AM

 

 

The intra-day NYMO indicator now is in negative ........................

 

The only thing that counts is when trades are evened up at the end of the daily session...intraday is useless analytically.

 

Emotionally? Sure....it's a crutch.

 

Fib

 

Unless bulls are able to organize a late day push-up as usual, the intra-day data should be reflected in the daily after close  .....................

 

 

Maybe...but longer term, does it really mean anything with respect to the actual dynamics that push prices in one direction or the other?

 

One needs to understand what an indicator reflects as an insight before putting it on a pedestal as something that may (or could) indicate a change in trend.

 

Fib


Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

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#10 fib_1618

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Posted 03 September 2021 - 11:56 AM

 

The non-confirmation by Trannies is getting more glaring by the day....

 

If they re-breach 14700 downside soon, could get even uglier there...

 

And now the Big Rails, that are such a huge part of that index, starting to show signs of weakness...

 

FDX has been sick for months now

 

Maybe...but you do have to admire how the Transports have lost only 11% from their all time highs while WTIC has rallied 525% since the 2020 lows.

 

In any event...the majors like FDX, UPS, DHL and OnTrac continue to have both logistic and hiring problems since March of last year. More people are using Priority Mail as well as a go around, but the postal service are facing the same problems. It would seem that personal inspiration to work hard has suddenly become more apathetic toward this same goal.

 

One can point fingers "liberally" on the reasons why.

 

Fib

 

 

Speaking of FED EX, I just received this note via e-mail this morning...discussion on such economic ramifications are encouraged :

 

Hello,

FedEx has kept commerce moving and delivered critical shipments throughout the COVID-19 pandemic.

We are entering another holiday peak season during which we expect continued high demand for capacity and increased operating costs across our network. We again anticipate the surge in residential volume to carry over into the new year.

To continue providing our customers with the best possible service during this challenging time, we are implementing a rate increase on FedEx One Rate pricing programs effective from Oct 4, 2021 until Jan 16, 2022. Starting Oct 4, 2021, your FedEx One Rate base rates as listed in the FedEx One Rate URL applicable to your pricing program will increase. Your percentage off discounts will continue to apply to these new base rates as specified in your pricing agreement. Rates effective Jan 17, 2022 will be announced at a later date.

Please review your agreement for complete details or contact your FedEx representative.


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Wise men don't need advice. Fools won't take it. - Benjamin Franklin

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