do you have any sort of wave count on this?  i thought Friday was a wave 4 on the 30 min chart.  if so, we'd be in 5.  and would expect a bounce.  your target of a possible 990 would not be much of one, so, i'm assuming my count is way off.??

just onward and upward?

the Dow is hitting the top of a trendline from May and is about at the 38% fib retracement of bear mkt.  S&P not far behind.

NVAX up a buck premarket.!         on watch list.

YSI moving up. has earnings on thursday.

I know we are running on fumes near a top, but take a look at the stoc CAP.

textbook reverse head and shoulders.  huge short interest, 33%, 27 days to cover.

sorry, no chart enclosed.

Matt,

looking at the bear flag, would you expect another dip down to the fib # below and then a push to new highs to finish wave 5?

The stocks from the watch list that I am watching are certainly outperforming the major indices.  From these, the trend still feel UP.

Matt,

would you be willing or able to have a link for your "trade ideas to watch" at the top of the blog, under dynamic stockchart links for us to access during the day, without having to switch over to watch list?

maybe just one more thing for you to keep up with, but it'd be a help.

thanks for all you guys do.

it is a great site.

i looked at the chart and connotations and thought the idea was that C would go up and breakout up.  what is your interpretation?

expecting more upside?  or take profits and run?

so far, Matt, your 5 min chart with the 8/21/50 moving averages have kept me on the right side of a short play today instead of getting whipsawed out.  thank you.

SPX still pointing down at the moment

what is Art saying  "we'll see something"??????

I have not found turn dates for the market consisitent enough to help my trading. But there is a Bradley turn date July 14-15 and the next is Sept. 14-15.  does anyone want to wager a guess as to whether next week will be a swing low or high?  or neither......

if this is a minor wave 4 bounce, as Matt suggested, wouldn't there be a wave 5 down before getting anywhere near 900.  maybe stopping today in the 885 range and then going down once more? 

Even if SPX holds 875 here,  most everything else broke thru support.

Dow, Tran, XLF, etc.  Seems like a bounce would likely be another small bear flag up to the broken trend lines.  I would, of course, prefer the retracements and ABC bounce to reposition short.  I see the divergence on the charts.  But, unless the PPT comes in, the broken trend lines seem like they would make formidable resistance. 

fwif.  comments welcomed.

come on guys.  let's stick to stock trading.  1/2 the blog so far this morning does not even mention the market!  give it a rest or put it in off topic.  rants are not of interest to some of us.

yes, some guidance on the $$ would be helpful.  if the dollar is in a 5th wave down,  the index could stop at the neckline. 

everyone enjoy the time off.  look forward to the Sunday night take on this action.

thanks for all you guys do....

Matt,

will you take a look at XLF tonight. it may be underperforming, but it still has the support of the 50day and 200 DMA.  at the moment.  if we lose 11.8 in the next 1/2 hour it may be a moot point.......

thanks