SMC Update 10-27-22

10/27/2022


Comments (27)
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david2651
david2651

Thank you Peter, Appreciate all you do, truly! It's not easy, but it's incredibly useful, especially in this market. Speaking of which, this feels EXTREMELY overbought with today's action, can we talk you into a special update?

brian1469
brian1469

Saw this coming a couple days ago they are propping it up for November election

I have been purchasing a lot of long term puts on individual names this morning.

Only the market could give us the largest percentage move in the Dow's history since Brickman's crash call. Also the YM is looking to close outside it's upper bollinger band for 5 of 6 days unbelievable

For people talking about NVDA their is a gap up to the 149-150 area that needs to be filled

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seamus.ssoh3308
seamus.ssoh3308

brian1469 said:

Saw this coming a couple days ago they are propping it up for November election

I have been purchasing a lot of long term puts on individual names this morning.

Only the market could give us the largest percentage move in the Dow's history since Brickman's crash call. Also the YM is looking to close outside it's upper bollinger band for 5 of 6 days unbelievable

For people talking about NVDA their is a gap up to the 149-150 area that needs to be filled

Isn't it crazy? And Apple stock with one of the biggest gains in a day I've seen. What could this mean hmm

flippendales3072
flippendales3072

If the NDX surpasses 12 k we get even higher projections for the 24.2 / 27.6 offset?

seamus.ssoh3308
seamus.ssoh3308

bbrentpb465 said:

there are much higher higher projections and even preliminary. looks like no down turn dam. i guess we are on our own

don't say it like it's so bad, if we have reliable projections to the up side then we can still make some money

jshemanski49196
jshemanski49196

I respect Peter as an analyst but hopefully he can follow his own software more closely and not look at the market w/ a bearish bias, going forward. Also, won't the downside 48.4/55.3 projections be invalidated with a move up to 4200 on the SPY? It sure looks that way to me from the Web App.

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dcarter8883312
dcarter8883312

Peter: If higher Projections are given from Friday’s blow off & markets collapse Sunday Globex or in Monday morning —how much must ESZ22 drop to cancel new upside projection? I have a turn date coming in over weekend. Thank You Peter God Bless You.

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