1. This talk about rejection and what not implies a vigorous trading mindset.

Pros make money at that. This level does not.

Here we buy the SPY, and then five to ten years later, as salaries increase we take the mad money and intelligently invest it.

TSLA at 250 is now 338 and holding in a down market. Still a buy, on red days.

Imgn had a positive study, pulled back and has excellent prospects. Buy

We are concerned about time when it is obvious, YOU WILL LOSE MONEY IF YOU GO LONG.

This is one of those times. Sometime in the near future the Vix will be at 45 and the TRIN at 4, and it will be time to buy.

That said, depending on our view that could very likely be a trade and not an investment. You make money in bear markets by selling the winners on the relief rallies.

Then PATIENTLY waiting for the next round of volatility.

Hence the search for profound GMO orders and what not.
__________

Next RIVIAN

It is private, but looks like TSLA 2. 2020 for it's first vehicle.

That engineer, Mark Vinnels, was a founding board member of McLaren and led its engineering team as executive program director for 14 years as they created an entire line of supercars from the ground up. While leaving ultra-high-performance supercars behind seemed crazy at the time, a whole band of McLaren engineers have now followed Vinnels to build world-class electric SUVs and pickups at Rivian.

When Rivian’s CEO, RJ Scaringe, hired Vinnels last November as Executive Director of Engineering and Programs, he tasked him with a familiar mission: build a world-class team and bring their first vehicles to production. Now, Scaringe and Vinnels have attracted engineers across the entire industry, including a whole host of fellow ex-McLaren engineers. From exterior lighting to software and electric propulsion, Rivian’s British talent runs deep.

“These are all truly world-class people, and we had a great team (at McLaren) and we were able to do great things,” Vinnels told Teslarati. “I think a lot of them were motivated in exactly the same way I was.”


Rivian CEO RJ Scaringe unveils the RT1 Truck to Suppliers last week in Plymouth, MI. (Photo: Rivian)
Vinnels landed himself at Rivian after a mutual friend, and Rivian board member, Antony Sheriff, insisted that he meet with Scaringe and see what Rivian was working on. “I was super impressed with what I saw, with him (Scaringe) as an individual, and the vision for the company,” he recalled. “From a personal perspective, I had a really interesting opportunity to be involved in something pretty groundbreaking, again.”

Jo boo How fucking pumped are you for the 2018 Wheelies

No clue

THE RETEST

IF for some reason 2603 holds on the S&p that would be a positive.

I was referring to the next couple of weeks, not just today.

https://www.cnbc.com/2018/11/26/jim-cra ... arket.html

It is a bear market says Cramer.

In % terms it is not there yet, but it is acting like a bear.

THE FED SAID THEY WOULD EASE UP on the INTEREST RATE HIKES.

That changes most things.

Earnings
China
remain

Certainly the day that Mueller drops a few atom bombs that will be a bad day, but that will pass.

Feeling weak Trump could and should make a deal with China. Earnings you know about since you follow your companies religiously.

That could be enough to avoid a further downturn.

Interesting.

Tariff relief and interest rate relief will support the market.

Support, but not stimulate the overall market.

Longer term, the yield curve is heading slowly to negative.

That should bring a recession in 2020.

https://www.businessinsider.com/next-re ... rg-2018-11

This is a inflection point, one of two technical events will ensue, good or bad.

The POLS are aware no doubt and so short term the market may buy it.

There is no way to know.

Overall sentiment is not changed.

Trump and fed attempt to change the market direction did not work.

Triple top
DEATH CROSS DIRECTLY AHEAD

Their efforts supported the market briefly and are appreciated, but the market is moving based on Fundamentals.

market should've challenged 2815 s&p cash yesterday or at least closed up during the trading session. grinding down all morning, vix still looks good around 16.50. a quick rejection at 2760, closing yesterday's opening gap is a must.

edit... december futures not only closed that gap but ran through it like nothing.

pretty much a good long term indication of the health of the market, which is not good.

IMGN has stopped tanking at least! Still down 40% from when I bought but it's not going down further!!!

Imgn and tsla remain buys. BUY BUY BUY on the dip.

AZ, I understand your lingo, but I doubt most understand.

You may want to post a translation.

The terms I post can be looked up.

Those were prescient posts.

This could be a very nasty close.

At some point we will be getting a lower low to go along with the lower high.

The death cross will spur more selling.

It is always most telling, the last 30 minutes.

Buying brought S&P to minus 45, now minus 88, let's go for triple digits.

Down 90, that may generate the death cross.

Closed ON THE LOW, DOWN 3.24%

Let's take out some interim low numbers!!!

Ok, Dec 7 for the death cross.

So you will use this as an opportunity to average down?

Not yet for most stocks.

I would double imgn.

The coming multiple Mueller bombshells along with a market like this, it is best to not add new cash.

Save that for the crescendo sell off

Note on imgn

If you see a significant pullback it is a great buying opportunity.

If you have to, sell at 10. I stopped doing that given that their lead ADC is close to market.

However, buy below six and sell at 10 still works. It's worked about 10 years now.