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JLS

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Alias Born 12/14/2004

JLS

Re: None

Thursday, 11/15/2018 2:10:01 PM

Thursday, November 15, 2018 2:10:01 PM

Post# of 3666
In Declining Order of Fear

$SPX, Max Fear ...
Not even close to breaking higher out of its declining fork. Check backward and see how many Fridays it closed lower than it opened. Should it be any different tomorrow?

MU, next highest fear ...
I think it would be trading outside the top of its fork if it were not for the negative total market, but it wouldn't be much higher.

SMH, semiconductor index ...
Already done correcting and eager to go higher. Maybe too eager?

AMD ...
Cleared the fork and closed higher yesterday. Opened today pennies below yesterday's Close; made a small sympathy bow to the whole market then headed higher. What's not to like? If you have money laying around this is where it should be.

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