526 replies to this topic

[RadioHead]

https://www.mcoscill...ure_above_zero/

 

Excellent article!! 

[dTraderB]

Puzzled about thesd big banks' shares DOWN afer great earnings. BUT WHEN BANKS TALK DOWN THEIR STOCKS, ESPECIALLY DIMON AT JPM, THEN IT IS A GOOD TIME TO START TO BUY.

XLF ETF
C
WFC
JPM
BAC
Maybe a few foreign banks etc

[dTraderB]

Citi CALLS ... may buy some

Puzzled about thesd big banks' shares DOWN afer great earnings. BUT WHEN BANKS TALK DOWN THEIR STOCKS, ESPECIALLY DIMON AT JPM, THEN IT IS A GOOD TIME TO START TO BUY.

XLF ETF
C
WFC
JPM
BAC
Maybe a few foreign banks etc

[K Wave]

Rusty trying to fight its way back from cliff edge..

 

TSLA...likely HUGE pivot at 248 now

[K Wave]

I lost confidence in VIX a few years ago... but SentimentTrader has good stuff, may be right:

The fear gauge triggered a buy signal for stocks
Key points:

The Volatility Index (VIX) reversed from the upper end of its 84-day range, triggering a buy signal for stocks
Similar shifts in volatility preceded a rally in the S&P 500 with above-average returns across several horizons
Precedents that occurred in October or in a long-term uptrend show similar bullish outcomes
A bullish shift in expected volatility

Over the course of a typical stock market correction, volatility, sentiment, and price-based indicators generally follow a repeatable pattern. Volatility surges, sentiment indicators reflect pessimism and price-based measures become oversold.

As the corrective phase wanes, the pendulum...

https://mailchi.mp/0...gnal-for-stocks

Bulls do not have this unless UVXY goes back below 16...

 

very tricky area here....

[K Wave]

Watch FTSE here...bulls unable to punch it out....

 

7500 is BIG

[redfoliage2]

VIX dropping like a rock today indicating traders attention shifted from the Middle East to the US earnings reporting ................................

[K Wave]

Apple not doing so well in China...Huawei on path to overtake soon...

 

https://appleinsider...n-chinese-sales

 

"The trend suggests iPhone would lose to Huawei in 2024,

[redfoliage2]

With iPhone15 out on the market Apple is leading Huawei in market share in China - iPnone 22.3% vs Huawei 18.1%.  I bet funds are loading Apple on the dip.  We should find out when Apple reporting................................

Edited by redfoliage2, 16 October 2023 - 09:05 AM.

[redfoliage2]

However, in this OpEx week I'd expect the market to go on roller-casting with earnings out and the Middle East war situation .....................