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S&P undercutting 2894 is negative- Move to either 2883, or 2861 possible

Friday mid-day Technical Video-  Analyzing S&P structure

https://stme.in/jNQZlWbOjO

 

 

 

Thursday Weekly Technical Webinar-  LINK BELOW

https://www.youtube.com/watch?v=KTA02Ng_gRo&feature=youtu.be

 

 

S&P -  Watch if S&P spends any length of time under 2894..  an HOURLY close could be sufficient and would likely begin the decline to 2883, 2861 and 2800-7

This is the real battleground for today. An important spot-  so next 30-60 min  will show whether this can hold or not.

 

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S&P-   Daily closes day UNDER 2898. Would confirm Demark sells.. and as said above

Under 2894 on an hourly close today … means this happens this afternoon most likely and turns down

For now.. has held

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AAPL stabilizing vs AMZN-   For those who care on this.  One should favor AAPL vs AMZN in the weeks/months ahead

This is starting to stabilize and showing some evidence of bottoming.

The trend in this has been negative since 2015.. but now some initial evidence that AAPL might begin to show better relative performance

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USDCAD-  Canadian dollar weakening today.. with thoughts that a deal might NOT happen

OVER 1.32 TECHNICALLY would suggest that is correct.  As this would cause meaningful weakness in Canadian dollar

Or as seen below.  Strength in USD vs Canad Dollar

 

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My interviews from this past week and last

 

AMZN-    my CNBC interview from 8/30, arguing that 1650 should come before 2500, the new MS target

https://www.cnbc.com/video/2018/08/29/trading-nation-amazon-1-trillion.html

 

My CNBC interview talking markets as Equities close to finishing the best August in 4 years—What’s in store for Sept

https://www.cnbc.com/video/2018/08/29/sp-fantastic-august-can-the-run-continue.html

 

 

Chinese Tech stocks-  Time to buy?   BABA, BIDU, TCEHY

https://www.cnbc.com/video/2018/08/23/trading-nation-buy-chinese-tech-weakness.html

 

Retail stocks to favor-   LULU-    Last weeks interview where I picked LULU out of the handful of retail stocks to succeed.  Stock is up +15% today

https://www.cnbc.com/video/2018/08/23/two-surging-retail-stocks-could-fly-even-higher-on-earnings.html