sandy beach

PG&E (PCG): over 60 identified dead, 600 more people still missing and an entire town burned to the ground because of PG&E's incompetence and the stock is up 40% this morning. Millions of people can't go outdoors without a mask on in the SF Bay Area including myself and all the public schools and universities are closed because it is too toxic to go outside. These PG&E dip buyers are lunatics!

nVidai NVDA getting crushed after hours now down 16%. At 292 just a few weeks back it is now sitting at 165. There goes a lot of endowments and pension funds.

Looks like the S&P filled the gap from a couple of weeks back.

Closing right on the 2703 Fibo?

HYG, JNK & BKLN all getting killed.

The election rally was unconvincing because it lacked breath. The RUT never caught up. And now we're looking at a potential death cross of the 200/50-day average. This thing needs to pull-up by the end of the week or we could be in trouble.

Looks like for now we're stuck in the 2793 to 2743 Fibo zone.

Small caps need to catch up with this move soon.

Hotel California.

Exited ISRG at $543.10 for a tiny gain.

Seeking Alpha picks Medifast MED as one of the best stocks of 2018 and it goes bolimic overnight.

Zillow Group ZG decides they are going all in on flipping houses themselves (you can't make this sh3t up) and the stock does a nose dive. What perfect timing! Just as the market is having a period of "inverse heating." But no worries RedFin has the same business-plan now and I'm sure they'll make a ton-o-money flipping shacks in AZ. https://www.geekwire.com/2018/will-cooling-housing-market-affect-zillow-redfins-new-direct-home-sale-programs/ “GeekWire chronicled the first house Zillow ever purchased directly over the summer, a 15-year-old, four-bedroom, two-bath ranch-style home in the Phoenix suburb of Chandler, Ariz. Zillow purchased the house in May for $410,000 and put it on the market a few weeks later for $425,000.” “Zillow aims to turn around and sell the houses it buys in roughly 90 days. The Chandler home sat on the market a little longer — about 4 months. Zillow reduced the price and it eventually sold in late September for $403,000.”

Sounds very much like the missing collateral scandal in China a while back. Please keep us informed.

Fxfox - respect you greatly but I'm not sure you understand politics in the U.S. The null hypothesis in the U.S. for midterm election is always that the party opposing the President takes a majority in at least one house. In this case the null hypothesis is that the Democrats will take the House of Reps and the Republicans will retain the Senate by a small margin. Only if this doesn't occur will anyone be surprised.

Sunday futures opening down.