Parting The Red Sea?
Picking up from Know Your Limitations?...
As our faithful readers well know, we warned about Red October in our October 2nd Nattering and followed up in detail with the Timing Is Everything? series. If you have not, do feel free to catch up. Moving West...
06:30AM EST 11/20 - The Red Sea rolled around the globe and NDX 100 Futures just bounced off a new low at 6574. Forget a bigger boat... you might need this... 20 Nov 2018, 06:33 AM
As our faithful readers well know, we warned about Red October in our October 2nd Nattering and followed up in detail with the Timing Is Everything? series. If you have not, do feel free to catch up. Moving West...
B is For Bob - If es closes sub 2705 today then the real massacre comes tomorrow and wednesday. 19 Nov 2018, 03:31 PMWe Nattered...
With the NDX100 down -3.35% at this moment, 6580 is the standing low on NAS Futures which needs to be breached on high volume. ES probably needs to crack 2650.
Either one of two things... initial Black Friday (half day) and Cyber Monday news is good, and a bounce could be in the cards. Bad news, and it could be a repeat of 2008, -6% drop in 1.5 days of trading.
Funny thing is, when the market does poorly during the Black Friday period, the year end rally is usually nice. When the market does well during BF, said rally is subdued. Degree of severity depends on if its a Bull or Bear market.
Again, beware the Ides of Dec and Jan. TBD. 19 Nov 2018, 04:18 PMMore Nattering about the tide rolling out....
06:30AM EST 11/20 - The Red Sea rolled around the globe and NDX 100 Futures just bounced off a new low at 6574. Forget a bigger boat... you might need this... 20 Nov 2018, 06:33 AM
Cyber Monday is expected to generate $7.8 billion in sales, up nearly 18% from last year, which would make it the biggest online shopping day in the U.S. That’s more than the $6.2 billion in online sales for Black Friday.
U.S. stock futures pointed to strong gains at the start of the trading week, with Dow futures jumping more than 200 points on hopes of solid U.S. holiday sales. - Investing.comAt least online sales ramped up, but what about brick and mortar? More to come in Where's Your Messiah Now?, stay tuned, no flippin.
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