Traders wake up today on a RED ink everywhere, specially when Fed Rosengren Speech about interest rates and over heating the U.S economy situation.
$ES_F Momentum Positions:
Weekly Trend Bear and not yet Over Sold. The net trend should be sideways to down for at least another 2-3 weeks.
Daily Trend The $SPX made a Bear Reversal: A multi-day high should be near completion, if not complete on Sept. 7, 2016
We are still holding $ES_F short from yesterday at 2179…stops at 2176, $ES_F move down initial project to 2153/57 area ..there is strong confluence lower at 2111-2113.
US futures lower as Fed speakers eyed
Andrew Renneisen | Getty Images U.S. stock index futures indicated a lower open on Friday morning as traders eyed comments from a series of Fed speakers. U.S. Federal Reserve Governor Daniel Tarullo will be on CNBC at 10 a.m. Eastern.
$ES_F Intraday: 240m deep OS, 60m Deep OS, VV AD .36 Bear,
Couple stocks we are looking at for today that we will discuss in the Chat ROOM
$TGT Daily Chart
$TGT triggers ..buying OCT 70 PUTS
$AU Daily Chart
$AU triggers bought some Oct 18 Puts…see charts above for stop details
On the dear stock Apple ($AAPL) Chief Executive Tim Cook failed to knock the socks off investors Wednesday when he introduced the newest rounds of bells and whistles on the #iPhone, the latest dubbed the iPhone 7 and the iPhone 7 Plus, and the Apple Watch, according to analysts.
recap: We are still holding $ES_F and $SPY short from yesterday, we will revisit and take profits on targets, and moving stops
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See you in the chat room
Thanks
-IKE
