GUMBY9662C

GUMBY9662C Oct 14, 2018

I know other analyst are only calling for a $69 cycle correction. My charting suggest a much deeper draw down into the $65 area into December. Everyone and their brother is pumping up the Iran embargo. I believe it to be a non-event. Actually, I expect this to be a sell the news event. US inventories are built up solid here.

GUMBY9662C Oct 14, 2018

TLT isn't at support yet. This is not good for a bullish scenario in stocks. Looks like everything is lining up for market weakness into Dec.

GUMBY9662C Oct 14, 2018

We slightly crossed negative for the year in the Airlines this week. Transports are suppose to lead bull markets hire. This is not a great signal.

GUMBY9662C Oct 14, 2018

Rail Roads are now negative for the year. That is something to take note. Transports are suppose to lead bull markets not lead to the down side. Likely more pain this week and into Dec.

GUMBY9662C Oct 14, 2018

I have this technical low a worse situation than the last 2 times SMH bounced at this level. We Broke the intermediate trend this time. This suggests to me Semis lower into first of Dec.

GUMBY9662C Oct 14, 2018

I suspect market weakness this week. I personally believe the real opportunity into first of Dec is short AAPL for the time being.

GUMBY9662C Oct 14, 2018

NFLX is at top of it's trading range. They are going to have to blow the doors off with their numbers to save price here. Remember managers for 2 quarters now warned weak numbers. Reality is about to take hold. Rough quarter looming ahead.

GUMBY9662C Oct 13, 2018

I just know they been accumulating calls down at these levels. Now this is not looking like a great quarter for casino industry globally but this is due for bounce here.

GUMBY9662C Oct 13, 2018

MSFT cought yet another upgrade today. If any stock is poised for new all time highs the chart suggest this is the one. Very Very Bullish if the market decides to do the run up into earnings.

GUMBY9662C Oct 13, 2018

FB is a value play right here. It held up well versus the over all market this week. It came down to a triple bottom this week and it tagged the longer term trendline and fib line. Lot's of reason to think at least a short term bottom is in for a earnings run up.

GUMBY9662C Oct 12, 2018

This internet ETF is close to cross out of the bearish phase but not quite yet. Odds look good first of the week that FANG will turn the corner. Just be careful assuming the down trend is done. The 1 hr down trend could easily just get another leg lower once it touches trend change. I for 1 think we see an earnings run up in the markets next week. We just...

GUMBY9662C Oct 12, 2018

Careful, pushing this to the long side. Even the 1 hr chart shows us the downtrend is intact. Charts like this are extremely dangerous to swing to the long side. I personally go by the rule, at least the 1hr chart has to confirm a trend change.

GUMBY9662C Oct 12, 2018

FFIV This afternoon had bullish earnings reiteration this afternoon. This is the likely bounce point I would expect for an earnings run up.

GUMBY9662C Oct 12, 2018

Next week looking set for bottom fishing. If markets catch the earnings season bid this tops my list for buyers.

GUMBY9662C Oct 12, 2018

Well, this one looks set for an over sold bounce. I'd much rather be a dip buyer into this quarters earnings season.

GUMBY9662C Oct 12, 2018

I am keeping this on watch for bullish momentum. The down trend is getting close to cross bullish. We will likely see bullish change the first of next week.

GUMBY9662C Oct 12, 2018

The recent down trend holding up well versus the market sell off. Value traders are accumulating this one and come Monday we should see a bullish cross of this down trend. Both FB and TSLA fall into the value category.

GUMBY9662C Oct 11, 2018

The Internet ETF bounced off critical support today. We had better see buying tomorrow or huge trouble.