You always provide great detail and advice. I am a novice and it is over my head but I do enjoy steak. LOL
I am getting very preliminary bear signals and jumped into SKF and UDN today, will buy DUG and SRS tomorrow. I hope I am dodging a bull stampede. Because of the bearish soft signals I sold my QLD hedge today, used for my bonds, at a small profit.
I would not want to go with any new longs here. I am 60% long and 40% short with 50% cash.
Could be Geccko? It’s going to depend on how quick the 5 and 15 minute charts reset their oversold conditions and roll back down. The 30 and 60 could take awhile to reset, as in days… not hours.
It would surprise me if we really tanked hard, but that’s what they do best… surprise people!
The Financial’s have just about crossed on the moving averages of the daily charts, but the overall market isn’t there yet. So I’m not sure what will happen tomorrow? The charts say it’s going either going to be a flat doji type day (assuming no really bad news released), or another large move down… but NO big rally.
The best the bulls could hope for is a barely positive close, and I only think it’s possible because tomorrow is option expiration on the weekly’s… and you know how they love to pin the spy at a certain level on opx days.
All in all, tomorrow is a tough read. Oversold can get more oversold, or move up/sideways slightly until overbought. Some bad news or event could certain trigger another wave of selling tomorrow. I think the morning we’ll see the push up… if any? And the close is still unknown?
I think we get a bloodbath tomorrow. Most bears seem to be calling for a nonevent day tomorrow but tomorrow will provide an easy bear flip and when those flips occur they usually are massive bars. SP and Nya had bear flips barely but Dow and Nasdaq didn’t. And it’s hard for me to see this downtrend suddenly reverse with these daily bars; it would take some sort of hammer bottom tomorrow. Transports have already broken away from their topping level. I expect the other indices to follow similarly ie the red bars should get bigger and bigger. McOscillator should also continue to press farther down below the oline.
Thanx Sir
50% has been captured by the bulls. Bears should defend 61.8% if they have to survive today.
Praying for a smack down back under that 50% fib level! 🙂
Oh… and thank you sooo much anoopsan for your before, during, and after day charts! They’re always informative!
S&P 500 futures before opening bell
What do think about the dollar at (what I think is) a support on the dollar index and do you think a lot of folks will be taking profits for EOQ?
You always provide great detail and advice. I am a novice and it is over my head but I do enjoy steak. LOL
I am getting very preliminary bear signals and jumped into SKF and UDN today, will buy DUG and SRS tomorrow. I hope I am dodging a bull stampede. Because of the bearish soft signals I sold my QLD hedge today, used for my bonds, at a small profit.
I would not want to go with any new longs here. I am 60% long and 40% short with 50% cash.
MK
Could be Geccko? It’s going to depend on how quick the 5 and 15 minute charts reset their oversold conditions and roll back down. The 30 and 60 could take awhile to reset, as in days… not hours.
It would surprise me if we really tanked hard, but that’s what they do best… surprise people!
The Financial’s have just about crossed on the moving averages of the daily charts, but the overall market isn’t there yet. So I’m not sure what will happen tomorrow? The charts say it’s going either going to be a flat doji type day (assuming no really bad news released), or another large move down… but NO big rally.
The best the bulls could hope for is a barely positive close, and I only think it’s possible because tomorrow is option expiration on the weekly’s… and you know how they love to pin the spy at a certain level on opx days.
All in all, tomorrow is a tough read. Oversold can get more oversold, or move up/sideways slightly until overbought. Some bad news or event could certain trigger another wave of selling tomorrow. I think the morning we’ll see the push up… if any? And the close is still unknown?
I think we get a bloodbath tomorrow. Most bears seem to be calling for a nonevent day tomorrow but tomorrow will provide an easy bear flip and when those flips occur they usually are massive bars. SP and Nya had bear flips barely but Dow and Nasdaq didn’t. And it’s hard for me to see this downtrend suddenly reverse with these daily bars; it would take some sort of hammer bottom tomorrow. Transports have already broken away from their topping level. I expect the other indices to follow similarly ie the red bars should get bigger and bigger. McOscillator should also continue to press farther down below the oline.
New post
I didn’t see that print… can you email it too me, or post it? (a screen shot, I mean). Thanks
I have 50/50 signals on DIA overnight, could go either way, Fri. Might get a 0.3% gap up opening, then a 1% to 2% fall. or just go back to 107