...that is all.
Fib
Posted 12 July 2024 - 10:33 AM
...that is all.
Fib
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Posted 12 July 2024 - 11:29 AM
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.
Posted 12 July 2024 - 11:31 AM
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 ......................
Posted 12 July 2024 - 12:08 PM
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.
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
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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Posted 12 July 2024 - 01:50 PM
Naz Cumulative A/D Volume showed money flow ramping up ON WEAKNESS. That's bullish.
Surprisingly.
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Posted 12 July 2024 - 02:10 PM
Naz Cumulative A/D Volume showed money flow ramping up ON WEAKNESS. That's bullish.
Surprisingly.
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.
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
Posted 12 July 2024 - 02:18 PM
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.
Posted 12 July 2024 - 06:43 PM
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.
Posted 14 July 2024 - 11:17 AM
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.
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Posted 15 July 2024 - 02:22 PM
What time frame are we talking for rut/ndx bottom?