Social Anxiety

Today Facebook and Twitter executives are in Washington in front of Congress as government leaders want to understand what happened during the election. Google passed on sending someone. It's really a worthless exercise as these companies knew exactly what was happening and they did nothing about it. I do believe they censor some people and they have that right since these are not public utilities. Maybe that's not correct yet they have a lot of ways they can manipulate searches and feed what they want you to see as they make more money that way. The backlash from consumers however will continue as they are waking up to the fact that everything they say, who they know, what they like, what they look at is an incredible invasion of privacy, even if they surrendered their privacy when they signed up. Social networks and search engines are not going away but expect the government to step up and set new regulations and possibly break up one of the companies. This debate is just starting...

Cutting it short today. Have a lot of website development meetings as we are getting closer to launching our new site next week. As a reminder if you are getting this note from a friend, it will soon require a password to access. To sign up and to support Hedge Fund Telemetry click here

US Markets - Sentiment remains elevated, starting to see slight turn lower after DeMark signals on top
Hedge Fund Telemetry Trade Ideas - Sold AMAT long and short FB again
Goldman Sachs Bull Bear Market Risk Indicator - It's pretty high
Peak Bezos and Amazon?
Consumer Staples Top 5 weights - I like them long
Freeport McMorRan - Potential long idea that is exhausted on the downside
Currency Update - USD back to 50 day within tight range
European Market Update - Continue to avoid as Europe trades terrible
Global Market Update - Continued weakness
Crude Update - Make or break question from yesterday is now answered with it breaking
Gold Miners Update Downside DeMark Countdown exhaustion but I'm still waiting for a turn
Bond Update - 2/10 spread steepening but for how long?
DeMark Screens - Daily, Weekly, Monthly upside/downside exhaustion signals within the S&P 1500 and Euro Stoxx 600

Daily/Weekly DeMark upside/downside exhaustion signals (Sequential) weekly updated on Monday's and monthly on the first day of the new month. Price flips occur when a stock closes higher/lower than four previous closes and increases conviction of a price turn.

The upside 13's are sell signals and downside 13's are buy signals. Price flip's are confirmation signals that increases potential for a price trend change. For example, if you are long a stock and there is an upside 13, you will want to take cautious action by selling down or out of a position. If initiating a short sale with the upside 13's, we tend to start with a 1/2 size and add with the downside price flip. The opposite is true for when there are downside 13's. Take a 1/2 size position and add with the upside price flip.  The DeMark Indicators are designed to assist the user with buying into weakness and selling into strength to anticipate trend exhaustion. Selling into a rally and buying into a decline often afford the opportunity to exit a trade without too serious a loss if wrong.

S&P 1500 Universe:
DAILY UPSIDE 13: BELFB, CBSH, LOW, LTC, MED, RSG, WCN
DAILY DOWNSIDE 13: CFR, F, FCX, GCI, NFX

DAILY UPSIDE WITH PRICE FLIP REVERSAL DOWN: AMGN, AMT, BLL, CDNS, COR, CRS, EQR, HES, IDXX, LLL, LTC, TMO
DAILY DOWNSIDE WITH PRICE FLIP REVERSAL UP: RRGB, UA, WTFC

Updated: 9/4/18
WEEKLY UPSIDE 13: AWR, CA, DHR, DRI, FOR, GRMN, LLL, MA, MANH, NDSN, NFLX, PTC, SHOO, SIVB, STI, TDC, TXRH, WRLD
WEEKLY DOWNSIDE 13: CHS

Updated: 9/4/18
MONTHLY UPSIDE 13:    AFG, AJG, AMD, CBT, CECO, EIG, IR, MAA, MRCY, MSA, MSFT, NSC, ORI, ROK, TDY, TTWO, UNT, UNP, WCG, WTR
MONTHLY DOWNSIDE 13:    FTR, RRD, SMCI, SSI

Euro Stoxx 600 Universe:
DAILY UPSIDE 13: REP SM
DAILY DOWNSIDE 13: INDV LN, ITX SM, ORA FP, OSR GR

DAILY UPSIDE WITH PRICE FLIP REVERSAL DOWN: DSY FP, HEXAB SS, LISN SW, NIBEB SS, NZYMB DC, ORNBV FH, SKAB SS
DAILY DOWNSIDE WITH PRICE FLIP REVERSAL UP: NONE

Updated: 9/4/18
WEEKLY UPSIDE 13: CBG LN, DSY FP, FGR FP, SECUB SS, SOBI SS
WEEKLY DOWNSIDE 13: NONE

Updated: 9/4/18
MONTHLY UPSIDE 13: ACKB BB, GALP PL, IPN FP, KOMB CP, MTX GR, UCB BB
MONTHLY DOWNSIDE 13: ALPHA GA, BARC LN, TL5 SM

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