13 replies to this topic

[fib_1618]

...that is all.

 

Fib

[12SPX]

Curious what is your position right now, such diversity in the market its amazing, I was shocked to see the nyse was up yesterday with the S&P down so much.

[redfoliage2]

The bullish configuration of the MacClellan summation index indicates that the bull market is likely to move much higher from here in the next few weeks ...................... 

[fib_1618]

Curious what is your position right now, such diversity in the market its amazing, I was shocked to see the nyse was up yesterday with the S&P down so much.

 

Jul 11, 5:32 PM

fib1618: so...the buyers got what they were looking for with the CPI number with breadth thrusts noted along a broad front...further good news on the PPI data on Friday morning should see this conviction by the bulls to continue, and this will likely set the tone for the rest of the 3rd quarter

[OEXCHAOS]

Naz Cumulative A/D Volume showed money flow ramping up ON WEAKNESS. That's bullish.

 

Surprisingly.

[fib_1618]

Naz Cumulative A/D Volume showed money flow ramping up ON WEAKNESS. That's bullish.

 

Surprisingly.

 

Jul 11, 6:05 PM

fib1618: just checked the market movers of the Dow <where today's internal evidence suggested from where the sharp declines in the NASDAQ and NDX came from>...AAPL down 2.32%, AMZN down 2.37%, MSFT down 2.48% and the chip makers in general with INTC down 3.93% <META was also lower by 4.11%>...at this point, let's call it rotation out of the overvalued AI winners and into the undervalued MID Caps and Small Caps.

Edited by fib_1618, 12 July 2024 - 02:11 PM.

[redfoliage2]

Sure, the Street has been playing the rotation game.  The question is if their rotation game is done or not.  We should get the answer when big techs reporting.............................

Edited by redfoliage2, 12 July 2024 - 02:20 PM.

[steadyquest]

An update on AAPL's rally - can't believe it's been a month since I last looked at it.  Maybe we'll get a selloff after the earnings rip.

[K Wave]

Been looking for the RUT/NDX bottom, and we likely now have it with Thursday's Rusty launch party

 

As for tech...watch Apple now...Softy already suspect.

 

A breach of Thursdays' low on Apple could be a BIG warning for tech, but then would need to see a full retrace of the move over 200 and quickly, for it get bearish.

 

If it instead takes off on Monday, then who knows where  the top is on this stagnant beast

 

 

Lord knows FTSE looks poised for blast off on Monday....see if it happens

 

Edited by K Wave, 14 July 2024 - 11:18 AM.

[steadyquest]

What time frame are we talking for rut/ndx bottom?