Jump to content
Sign in to follow this  
aussiebear

World Stock Markets Trading Discussion - Feckless flickering

Rate this topic

Recommended Posts

Incredible what is going on in SEMI's: Micron MU P/E of 3.1 and Pr/Bk of 1.2; ACLS P/E 4.7 and Pr/Bk 1.4; UCTT P/E 4.4 Pr/Bk 0.9, etc...

Share this post


Link to post
Share on other sites

2610 =  50% retracement of price since inauguration in the area of lows from prior this year.  The lower blue trendline connects the major lows from 2011 and 2016 since the bull market began in 2009.  Just a few things I am watching.  I have been trading QQQ and PSQ with my system and enjoying the ride down!

SPX10.26.2018Inaug.jpg

Share this post


Link to post
Share on other sites

We are really hitting fear now. Yesterday at the gym the retired cohort had "the look" in their eyes when discussing the markets. I hadn't seen that in some time.

Share this post


Link to post
Share on other sites
5 minutes ago, Morpheus said:

2610 =  50% retracement of price since inauguration in the area of lows from prior this year.  The lower blue trendline connects the major lows from 2011 and 2016 since the bull market began in 2009.  Just a few things I am watching.  I have been trading QQQ and PSQ with my system and enjoying the ride down!

SPX10.26.2018Inaug.jpg

Thanks!

Share this post


Link to post
Share on other sites

My intraday charts have a two stage 2 day cycle signal system. Stage 1 buy signal just triggered. 

But a drop back below 2635 would signal a fakeout. That would be very bearish. 

Share this post


Link to post
Share on other sites
10 minutes ago, DrStool said:

My intraday charts have a two stage 2 day cycle signal system. Stage 1 buy signal just triggered. 

But a drop back below 2635 would signal a fakeout. That would be very bearish. 

Wow! I guess so!

Share this post


Link to post
Share on other sites

Long WDC @45.00 doing a little work with them figure I would support those who feed me 

Sold UVXY@67.50 for a +5 from many moons ago whats not to like about this POS

Share this post


Link to post
Share on other sites

looks like someone got the tap on the shoulder

down in the basement

>: unchanged for the day is looking very possible.....again

another "Do Over"

Share this post


Link to post
Share on other sites

R lines 2683 and 2687. These have been penetrated  before so they should not amount to much.  But if the market stalls below them, LOB.  If cleared, should make 2700 with ease. 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.


Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
Download 
The Anals of Stock Proctology now!



The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.


The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!



Old Stool Depository


The Wall Street Examiner
Subscribe to the Wall Street Examiner
Contact Us




Market Quotes are powered by Investing.com.
×