Trade Alerts

Bond markets re-open today so there's something the algos can work off since yesterday proved they have absolutely no idea how to read a headline without Rick Santelli's crew at work in the bond pit.   Non indexed names were all that had anything happening (TSLA, BYND, ROKU) while some retailers rolled around ahead of today's retail sales numbers due out tomorrow after today's first batch of earnings. Nothing really to add due to two days of nowhereness, but what is [...]

So Monday NAILED the a of B and Wednesday NAILED the b of B as we went into last week with 3 🔻 Weekly Candles, expecting from a wave count and lack of sell volume the last three weeks, the charts says a 3 wave bounce as we head into the start of earnings season and OPEX OCT 18.  The a wave started OCT 3 @ 2856 when everyone still in Trade #6 was warned to choose to exit or hold;  bounced perfectly [...]

US-CHINA Trade headlines are all that matter as we close out the week which, as of 2AM, the S&P Futures are GREEN FOR THE WEEK since midnight (2950.75: Firday's close).   SPX filled the upside gap created Tuesday (2920-2938) and has left the low side gap created Wednesday (2907-2893) and has now to fight for its right to green the week and end the 3 consecutive 🔻 Weekly Candle from forming a 4th (which hasn't happened since the BREXIT SHOCK in JUN [...]

17 years ago today, the 2002 BEAR MARKET bottomed One year ago today, the wave-a down from the SEP 2018 ATH: dropped -94.66p making it the 3rd largest single session drop since Trump closed at 2785.68:  the first break & close below 2800 since JUL 16 History DOES NOT MEAN IT REPEATS (yesterday was the celestial 38/100 Long Terms Power which has a +/- 3 day window) and it should not be viewed as a guide since OCT 10, 2018 the headlines [...]

It's 2:30AM EST and, as of now, there hasn't been a hint of movement on the Futures after coming right for that BIG BULL WARNING to ES 2888.5 @ 7PM last night.   I was trying not to lead donkeys into drinking salt water with those warnings that "something just doesn't feel right about all this" when we dipped as planned to Remembering we're running on 3 consecutive 🔻 Weekly candles which are weak in nature (-9.78     Week of OCT 4;  [...]

Gap down to start the week filled to remove that nuisance and we have a pretty clean 13 waves up on the 1min from last week's SPX 2856, but NO CONFIRMATION the wave-a bounce is over until we take out 2935.   Remembering we're running on 3 consecutive 🔻 Weekly candles which are weak in nature (-9.78     Week of OCT 4;   -30.28   Week of SEP 27;   -15.32   Week of SEP 20), the dip wave targets a wide 2925 - 2875 [...]

So OCT started out much like MAY & AUG with the pop to start off on that tantrum throwing 2993 Tuesday morning to get ISM'd and the PMI'd for the filling of the 2 gaps and break below 2900 for the 1st time in 1-month and then skim above the remaining unfilled gap @ 2853 - 2837 due to an xtreme oversold Daily-6Hr-4Hr-2Hr-1Hr (and two days of obliterating the lower keltners on the 1Hr) for the V-shape bounce to all of [...]

Services PMI data sealed the -136.59p / 2 session drop which began off the ISM data and took that SPX Daily RSI(5) down to 12.37 for the due technical bounce and what we won't know until we know is d/iv of this wave-c 1st leg down, with a e/v final leg or if it was all of a or c and the bounce b wave is in progress. VIX, TLT, RUT, Banks & the Trannies suggest d/iv and that's mainly because [...]

SPX Back to the JAN 2018 High;   NQ back to the JUL 25 2018 SOY BEANS High;   DOW back under the JAN 2018 High;   Trannies back under 10,000;   GOLD back above 1500;   RUT/IWM/RTY "Death Crossing" TODAY... Sounds so apocalyptic having spent 1-month above 2900 on SPX with the headlines, both political and economic, hitting the wires.   However, this is a big kids video game and video games have programmers and what this level of the game hints suggest is:   We're [...]

I would apologize for that rampage/tantrum of table pounding on the LIVE STREAM of the T.I.N.A.  🐮💩 that popped on the open to 2992.53 to get kicked in the teeth and force all those LONGS to order a month's worth of TUCKS medicated pads, but that wouldn't be me.   Global ISMs are NOT RECESSIONARY, but instead CONTRACTING when under 50 and these 2009 levels being reported makes you want to call 🐮💩 on why the heck we're: +1 month since seeing [...]