​INTRA-WEEK UPDATE - OUCH!!

#stocks #crash #crude #aapl #amzn #fb #nflx #googl Monday's rally made it up to 3 points shy of the lower edge of my target range before failing miserably. I was surprised at the failure to even reach 2,816, but not by the subsequent decline.

Put simply, this is very bad action for the bulls - profound weakness in what is supposed to be a seasonally strong period of time.

This morning, I'm watching crude oil carefully. If it manages to hold above $50.51, it may take off to the upside and move towards my target range of $58 - $64. If that occurs, the equity indices could get a modest tailwind.

The move for stocks is to sell rallies for the time being. Sell troublesome longs on a bounce to 2,720 and look to short on an extended rally to 2,750. The downside target for this down phase - after you sell bounces - will be 2,530 on the S&P futures.

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Upside targets for S&P futures

#qqq #tqqq #spy #spxl #vxx #svxy Based on today's action - and assuming the break above 2707.75 holds on S&P futures - I'm targeting sales of trading longs at 2,816.50 and initiation of shorts at 2,844 ...

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They're trying to break out above ST resistance range

#qqq #tqqq #svxy #vxx Potential "abc upside correction" resistance comes in at 2,705.75 for S&P futures. They're currently trading at 2,712 - so a breakout attempt is in progress.

Anything above that on a 1-hr, 4-hr or ...

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Quick update on S&P futures levels at the close

#qqq #tqqq #sqqq #spy #spxl #spxs We got the oversold bounce - or part of it - that I was expecting. Now, I'm expecting 2675 - 2678 to be touched and then a pullback to 2655, 2650 or 2645. From there, one ...

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NO BUENO!!

This is very bad action in the markets. Doesn't bode well for 2019 - that's for sure. I keep expecting some seasonal factors to spur on a counter-trend rally. The fact that we're not seeing any of that ...

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Bitcoin downside targets

#Bitcoin #Crypto I'm no specialist in Bitcoin or cryptocurrencies - but charts are charts and technical analysis holds pretty true as long as the security or instrument being analyzed is traded with good volume and has the attention of the ...

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Apple pullback targets

For anyone interested in market-driving stocks, #Apple is working through a pullback phase currently. Based on the charts, I spot three possible pullback targets - $214, $195 and $181 (from $217.35 right now). I'd say a break below $217 ...

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Ringing the bell!!!

Just to let you know that 2,873 - 2,875 on S&P futures (currently at 2,872.75) should REALLY be it for the upside run in stocks. Stocks should move lower from here and VXX should move higher - hopefully ...

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Update on S&P technical levels

S&P futures have bounced sharply over the course of this week – but that comes after an even sharper sell-off in the previous week.The net result of all this gyrating is neutral results.

The most recent bounce has the “minis ...

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Excerpts from late Sunday night research

  • Stocks peaked out this week right at the 2,718.50 level noted in Wednesday’s update. Since then, the sellers have been in control. For them to stay in control, though, we would need to see a close below ...
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UP 30% YTD, HERE'S OUR LATEST WEEKLY NEWSLETTER...

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Latest technical read on the futures markets just out!!!

We just put out our weekly read of the global futures markets via The Fintec Factor. Covered this week: stocks, gold, crude oil, coffee, sugar, soybean meal, wheat, corn and soybeans. Click here to sign up for a trial: https ...

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Excellent advice these last turbulent months...
         
Wide stop loss and small at profit taking but that's their style.
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