Daily Updates

CliffsNotes (formerly Cliffs Notes, originally Cliff's Notes and often, erroneously, CliffNotes) are a series of student study guides. The guides present and create literary and other works in pamphlet form or online. Detractors of the study guides claim they let students bypass reading the assigned literature. 1.     4 Gaps (3 up and 1 down) since the TRIPLE BOTTOM placement one week ago today and after the phone call Pres. Trump had with the CEO's of JPM, BAC & C #PPT; [...]

SPX broke my 2930.94 Monday by 0.06 and yesterday broke below 2900 by 0.40 as we went into the weekend gap and closed below last week Monday's Open:  2907.07.   Anyone can argue a case here for Bulls as the Defendants; Bears as the Plaintiffs; or vice-versa, but the JUDGE & JURY are the RUT/IWM & Trannies. IWM 148.88 & 147.07 MATTER DOW TRANSPORTS 10,000 MATTERS In DEFENSE of the BULLS, we dipped a near perfect 23.6 retrace of the move [...]

A second NOWHERE day despite the stats, SPX gapped above that 2913 at the open and went +0.06 above my 2930.94 for an open - LOD - close all above 2900 (1st since the 1-and-done AUG 9) for a < 20p day versus the < 8p range we had Friday from 10:40am into the weekend.   Don't question why these 2 gap ups and go nowheres happened after Trump called to speak with JPM's Dimon, BAC's Moynihan and C's Corbat Wednesday [...]

JD Setup into SEP added to LIVE STREAM Page (link) After one of the wildest OPEX weeks I can recall with -1.5%; +1.5%; -3%; flat & +1.5% - all of which ended a whopping -18.39p lower than the Monday open giving us a 🔻 RED WEEKLY candle and the 8th OPEX FAILURE since JAN 2017 by which we DID NOT PLACE the High of the Month during the week. SPX 15Min from JUL 26 ATH Note #1 and #2. #1 would [...]

Inverted, diverted, skirted & flirted which was why I alerted; all we need is the unperverted trannies squirted Inverted yield curves have the 30yr looking like a 7-11 coupon, markets "looked" like it was doomsday, but its not as bad as the numbers showed with the PAIN really concerted within the IWM-Financials-Trannies.   Dow Transports DO NOT BREAK 10,000 and when they do, all 🔥 usually breaks out, but from how the Nasdaq has relatively held in-line with the S&P - with both using their priority 2002 [...]

It's difficult to project corrective b waves and even more difficult when they happen during OPEX (see FEB 2018 & NOV 2018 for examples) and even worse as it can break Monday's 2822 and fill that ONL gap the Futures left and still be in wave-b.  Good thing there were non-involved know-it-alls who knew we'd get the 10/2yr inverted for 2 full hours and drop -104p from visiting my 2930.94.   SPX took it to the edge of the edge of the [...]

News hits when charts are ready for it and the play on the word "tariffs" did the trick yet again since the US consumer doesn't pay for them - China does - but CO decided to "delay" some until DEC 15 so as not to impede on Xmas shoppers... 🙄  Better it took 54mins to get back to the AUG 2 & AUG 8 Highs and reclaim that 2930.94 than to take 54 hours to do it, but it done gone [...]