60 min HYG - Negative divergence may be developing vs SPX.

Theater

The newletter HYG posts are linkable to stockcharts.com. Save a 60 min chart and you can see the transition daily.

I have both TOS and Tradestation. Tradestation is superior graphically. I have TS on a 6 monitor array driven by a Falcon PC. This makes it easy to watch multiple periodicities.

PDD Comments: “While encouraged by the solid progress we made in the past few quarters, we see many challenges ahead,” said Mr. Lei Chen, Chairman and Co-Chief Executive Officer of PDD Holdings. “We are committed to transitioning toward high-quality development and fostering sustainable ecosystem. We will invest heavily in the platform’s trust and safety, support high-quality merchants, and relentlessly improve the merchant ecosystem. We are prepared to accept short-term sacrifices and potential decline in profitability.”

12:40 p.m.
Conversation with David Rubenstein, Chairman of the Economic Club of Washington, D.C.
A Discussion with Chair Jerome H. Powell at the Economic Club of Washington, D.C.

Matt - while there is a DeMark 9 on the QQQ, the 9 or 13 (as the case may be) has to be interpreted along with contextual elements. The Qs could certainly bounce but there are two lower confirmed price objectives also in play. There is a Trend Factor objective of 250.05 and additionally an absolute retracement objective of 246.79. The path to these objectives does not have to be linear but sooner or later they are likely to be attained.

I'm ss IBM as well. DeMark says exhausted on daily chart.

INTC weekly with buy signal (DeMark)

CBOE Vix (DeMark): Often with DeMark you need to look at 4 hr charts as well as the daily. The 4 hr chart has printed a S13 (sequential 13).

A 13 will be generated if using DeMark's Aggressive Combo but I have found that schema to be consistently premature.

The CBOE VIX has not printed a 13. It is currently Combo 9/13 (v1b); Sequential 6/13; Aggressive Sequential 8/13. 

Restart the pc every day and it is unlikely to get corrupted. Probably a memory resource depletion issue.

Nice calls Matt. I'm a new subscriber (and very experienced trader). Your (and Steve's) calls have more than paid for your price increase (thousands of times over). Well done.