Tariff repercussions are coming to the US

President Trump turned tariffs in to a verb today saying countries who do not make fair deals with the US will be "Tariffed." Last week he threw out a potential $200 billion on Chinese products entering the US and China over the weekend responded by saying they will walk away from any talks. But the big news that is not getting much attention is that some Chinese officials advising the leadership are proposing to step up the trade fight a notch by restricting China’s sales of materials, equipment and other parts key to U.S. manufacturers’ supply chains .. Such restrictions could even apply to Apple Inc.’s iPhones, which are assembled in the mainland, officials said. H/T MS. I've said the nuclear tariff bomb would be if China went after Apple since these are products that so many people rely on daily and it's the largest US company. Even within Chinese media the backlash over Apple is getting louder. This is coming at a critical time for Apple with the release of new iPhones.

The concerns go deeper if the Chinese go after supply chains of various manufacturers. This could cause terrible bottlenecks as well it will be felt throughout the US economy with higher prices. Again, nobody wins in a trade war.

Today's market started off with the mega cap tech/consumer stocks falling sharply and as I've shown throughout the year the NDX attribution, it's highlighted again below. A lot of stuff on today's note with a few extra currencies I'm watching as well a new automated pattern recognition page with more trade ideas. New site is coming. Just a few bugs needed to work out. And for clients, if you want a copy of Jason Perl's book on DeMark Indicators, send an email with your address and I'll send you a copy.

US Markets - Stalling with divergence in sentiment
Hedge Fund Telemetry Trade Ideas - Removed IWC short, added GWPH long
NDX Attribution - What goes up can go down
PPO Monitor - Seeing some rotation
FANG Custom Index - Broken 50 day different from February
GW Pharma - New long idea
Twitter - A wave study
Retail XRT ETF - Update
Bloomberg Automated pattern recognition ideas
Currency Update
European Market Update
Global Market Update
Asian Market Update
Crude Update
Gold Update
Bond Update
DeMark Screens - Daily, Weekly, Monthly upside/downside exhaustion signals within the S&P 500 and Euro Stoxx 600 - NOTE I HAVE CHANGED BACK TO S&P 500 SO PEOPLE CAN FOCUS ON THE LARGEST STOCKS

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 500 Universe:
DAILY UPSIDE 13: AVB, BLL, CB, EFX, GIS, IBM, JEC
DAILY DOWNSIDE 13: ARE, EXR, WHR

DAILY UPSIDE WITH PRICE FLIP REVERSAL DOWN: AVB, RSG, SBUX, YUM
DAILY DOWNSIDE WITH PRICE FLIP REVERSAL UP: LBK, HIG, SWKS

Updated: 9/17/18
WEEKLY UPSIDE 13: COST, EFX, HON, IR, JWN, LOW, RCL
WEEKLY DOWNSIDE 13: BHGE

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: BKIA SM, BPOST BB, DCC LN, MF FP, NN NA
DAILY DOWNSIDE 13: BA/ LN

DAILY UPSIDE WITH PRICE FLIP REVERSAL DOWN: SRG IM, TNET BB, TRN IM, US IM
DAILY DOWNSIDE WITH PRICE FLIP REVERSAL UP: 1COV GR, ATC NA, BN/ LN, ENX LN, FR FP, SMIN LN

Updated: 9/17/18
WEEKLY UPSIDE 13: NONE
WEEKLY DOWNSIDE 13: DIA SM, EOAN GR, INGA NA

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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