UPDATED S&P FUTURES LEVELS BASED ON TODAY'S ACTION...

#STOCKS #CRASH Right now, we sit at 2,487 or so on S&P futures (as of 6:00pm on 12/20).

Support for today's move lower ended up being 2450 on a 5-hr candle chart.

I'll be looking to start shedding longs on a rally to 2,569. I'll start shorting at 2,607 and will honor stops on shorts on a 5-hr close above 2,612. The target for the short trade will be 2,415.

At 2,415, I'll be covering shorts and getting long in anticipation of a move up to 2,515 - 2,575. I'll sell longs at 2,515 and will ideally short near 2,575.

The next move lower after that should take S&P futures down to 2,294 - 2,354. I'd cover down at 2,354 and get aggressively long at 2,294.

All of this is done with 10% - 20% of portfolio designated for trading / hedging. The 40% for Sea Change is still 100% in cash (awaiting opportunistic and/or historical oversold buy signals - not there yet) and the 40% in strategic allocation should remain untouched as usual.

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Headed to 2412 - 2417

#stocks #crash

U-G-L-Y!!!!

The break of the overnight lows opens the door to a drop to 2412 - 2417.75.

From there, I'm looking for a rally to at least 2,572 and possibly up to 2,600.

From there ...

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​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 ...

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