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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus who wrote (118111)	1/2/2019 6:15:03 PM
From: GROUND ZERO™	1 Recommendation Recommended By Mevis Read Replies (1) \| Respond to of 223581

DOW futures are down about 300 points, BUT the fair value is up about 350 points, therefore right now the DOW itself would be down 650 points... the SP would be down about 36 points... The bonds are up more than a full point, thank goodness it covers my losses when I got stopped out at 2494.00, and then some... but this is so annoying... GZ

To: Lazarus who wrote (118111)	1/2/2019 6:54:37 PM
From: Hank Scorpio	1 Recommendation Recommended By cycleupcycledown Respond to of 223581

Yup, I agree. We could be wrong but these markets are definitely due a major correction. I mentioned some time ago that I think 1500 SnP is a possibility. (and that it would still be bullish at that area) For now, I'll look for the 2100-2200 area and see where the bounce goes. That would coincide nicely with AAPL at 125. To me, we are simply in a corrective phase as we transition from Fed tailwinds to headwinds. This happens all the time as we cycle around the Federal Reserve. What I am looking for to help determine a bottom is when the talking heads start whining about "the Fed has gone too far", "hard landing", "Fed recession" - etc. That's when we're getting close. That's when the VIX will kick in.