Tuesday, October 9, 2018

Morning Charts 10/09/2018 SPX

Hurricane Michael is looking like a direct hit on the southern office in the land of corexit then comes just east of home. Gonna be an interesting Wednesday. If you don’t follow @crankywxguy on twitter you should. He nailed it - a minor, not major event. He removes they hype and MSMBS and tells you what’s really there.

[Sally Yates] in the Q kill box. Russia hoax about to come into the open. I’d be surprised if it’s not in full bloom before the election. If it isn’t then they hold it another year to catch the presidential cycle.

GOOG May be a good short soon. They get the Ma Bell treatment sooner than later - comments like these (and many others) don’t help their situation. https://www.zerohedge.com/news/2018-10-08/fuk-you-all-hell-google-exec-threatens-gop-over-kavanaugh-confirmation there is no bias anywhere 🤔

On to the lie -

Ride the wave with that exit plan in place. FF warnings persist.

DOW has broken support and 26k round number seems to be the first stop. Don’t get overly nervous yet, but south of there brings in all sorts of lower targets.

More to come below.

Have a good day.


GL and GB!

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