crrrAAPL event incoming in about 45 min. from now... fanboys worldwide rejoice! but please....don't take it too far! lol Spoiler: CLICK ME!
the live stream for this aapl event can be seen via your ios device here: click me! i have no idea why i'm watching but i am ...
Small caps outperforming the big caps again today. Consumer staples lagging despite rates probably will remain lower for longer.
Can you all prop this market up for four more weeks? Then I'll have my money out of my house and back in the markets. If we don't have a nice correction by then, I plan to go ultra short. Four weeks is all I ask. October crash, not September. Dig?
And the RUT continues with a RTL breakout move to the upside. Will be interesting to see if it fades back into the bull channel (like it did last time) or if this has even more legs than the RUT's been using already. We'll see...
someone mentioned the strength in the transports today (was that you Marcy? i think) ... wow were they the big winner in a mostly flattish market for the overall majors ... not too shabby at all ... when you got the small caps and transports doing the heavy lifting that is pretty doggone bullish imo ... albeit both still have not hit new highs yet ... and the transports still are a country mile away (they were absolutely obliterated in the last correction though!) ... but that RUT is creeping ever so closer to ATHs today's intraday chart of the indices-
^^ this pretty crazy how we have just about seen it all in the markets this year! as @MaximusAnalysis said in his vid we had one of the worst market start to any year in history we saw one of the most epic RYFOR (rip your face off rallies) off the feburary lows and even off the brexit lows to some extent and now we're in one of the most horrific chop the likes of which we haven't seen in decades lol i wonder what these next 3 months of the year has in store for us haha
Yeah, I bought some SPY 221 calls for this Friday. They were real cheap, just .03. Heh, no one anticipating even a 1% move up from here. Probably I'm wrong and they were cheap for a reason.
whelp, i wasn't aware of this until now ... but evidently the cash S&P has now gone 41 days trading in a 1.77% range (on a closing basis) why is this so noteworthy you might ask? whelp, it's because that is the narrowest 40-day range on the SPX apparently .... EVER in history i just felt compelled to put this all on a chart for those who need to "see" it to believe it ... yes indeed it does looks like at least as far as this current streak is concerned that this particular stat is true-
i can only imagine when this thing is ready to move, i better be on the right side of the tape at that moment, cause it will be extremely violent i bet.
This narrow range is flabbergasting, trying to figure out what it means. I mean individual stocks are making moves...but why are they keeping the S&P so static?
no one wants to commit long term capital up here. we need some kind of event or catalyst to change peoples minds.
^^ this outside of a surprise black swan event, i don't really see much out there as far as a potential catalyst at least until the fed meeting on the 21st the data flow will be light once again next week as well...i mean for the exception of retail sales, and some inflation data, but that's about it until FOMC so, as i had posed the question in here at the beginning of this month last week, do we just continue to chop the heck out until the 21st? seems plausible outside of that aforementioned black swan ... i will be literally shocked if this month of September's trading range is contained within August's range ... can you imagine? Never say never, but my gut tells me something's gonna give and we aren't gonna repeat August's brutal range
ES globex ONH thus far came within about 2 handles of the ATH (which as we know was a poor high on the 23rd last month) i wonder if we repair that this week (today?) we still have yet to see any type of "excess" on top on the market profile ... they've usually been 1 or 2 ticks of excess which is nothing .. and remember a true excess high typically happens during the RTH session not the ETH ... so if we're gonna finally put in some kind of important reference top it's gotta happen during the cash market hours ... not sure we're gonna see it (yet) no catalyst for either direction right now ....
ive noticed the ecb headline doesnt really move anything for us, just the euro. its once draghi speaks, that we get some movement. will be looking forward for 8:30 est.
