Stock Market Today: December 17th - 21st, 2018

I entered long LOT #2 at 2555. Interestingly, the TRIN is at .64. Lots of buying

 

Dow Transports nearing -20% from the highs in September.

 

Not much time for me today, but I got an alert on my phone that the small caps entered bear market territory

 

If this market doesn’t turn around on the FED later this week, I guess we mostly likely will finish in the red for the year

 

The VIX still look too low to me I want to see one big big flush out and the VIX spikes like crazy before thinking we are bottoming out At this point I think we are very likely to see new lows of the year. Actually seems like the SPX just about 6 points away from lows of the year

 

I just took a peek at RSI. I would have thought we were sub 20's now, but surprisingly we are only at 30. I do expect a bounce around 2533 though.

 

Let's see if we test that February lows and whether will bounce off from that

 

Looks like we just hit lows of the year for the SPX

 

I entered long LOT #3 at 2536. I want a test of the 2600 level. Swing trade

 

Crazily, just few minutes ago, the TRIN hit 1.32 but is now at .85. Buying taking place again.

 

Around SPX 2550 is a key level for the bulls

 

I agree. I am looking at the 2553.80 level. An open above there should net your 2600 target.

 

My theory says that a test of the 2600 level shall happen at some point. Swing trade. So, buying at these levels is solid, from that perspective, if you believe what my theory is saying

 

APRN is down to $1. Looking for it to get a bounce.