14 replies to this topic

[diogenes227]

From the link:

 

 

Well, uh, CNN Money’s Fear and Greed Index rose to 85 at an “extreme greed” level (see Nasdaq Composite chart with the index in the link). Really an extreme greed level! It can hold or keep going up but it is signaling that the market is truly on borrowed time before a pull-back, maybe one or two days before a drop (see the chart in the link for the last two times the index climbed above 80).

 

So, uh…we will see how it goes this week but Monday, for a swing trader, would not be a bad day to sell at least some into any more strength, and tighten stocks on anything left.

 

CNN MONEY'S FEAR AND GREED INDEX

[da_cheif]

From the link:

 

 

Well, uh, CNN Money’s Fear and Greed Index rose to 85 at an “extreme greed” level (see Nasdaq Composite chart with the index in the link). Really an extreme greed level! It can hold or keep going up but it is signaling that the market is truly on borrowed time before a pull-back, maybe one or two days before a drop (see the chart in the link for the last two times the index climbed above 80).

 

So, uh…we will see how it goes this week but Monday, for a swing trader, would not be a bad day to sell at least some into any more strength, and tighten stocks on anything left.

 

CNN MONEY'S FEAR AND GREED INDEX

u worry 2 much and you have a lot of company .....but the minority bulls thank you for your efforts......snort

[Harapa]

A batter time to sell is when SPX makes a new high and FGI doesn't

[OEXCHAOS]

I'm not impressed.

[OEXCHAOS]

Do the sell signals really look that good?

http://money.cnn.com...fear-and-greed/

[diogenes227]

From the link:

 

 

Well, uh, CNN Money’s Fear and Greed Index rose to 85 at an “extreme greed” level (see Nasdaq Composite chart with the index in the link). Really an extreme greed level! It can hold or keep going up but it is signaling that the market is truly on borrowed time before a pull-back, maybe one or two days before a drop (see the chart in the link for the last two times the index climbed above 80).

 

So, uh…we will see how it goes this week but Monday, for a swing trader, would not be a bad day to sell at least some into any more strength, and tighten stops on anything left.

 

CNN MONEY'S FEAR AND GREED INDEX

 

 

..."for a swing trader, would not be a bad day to sell at least some into any more strength, and tighten stops on anything left."

 

Still walking up the white-line fever...

 

That is the further strength...and today's open is now the tightened stop.

 

Good luck and good trading.

 

Edited by diogenes227, 02 October 2017 - 09:18 AM.

[da_cheif]

>"for a swing trader, would not be a bad day to sell at least some into any more strength, and tighten stops on anything left."</////    WHY????

[typicalbear]

Do the sell signals really look that good?

http://money.cnn.com...fear-and-greed/

 

I don't see sell signals....only a topping process.

[diogenes227]

 

Do the sell signals really look that good?

http://money.cnn.com...fear-and-greed/

 

I don't see sell signals....only a topping process.

 

 

End of the day there is no sell signal as yet.  If one wants to top pick a bit and/or protect swing profits one might want to sell into further strength on the 5th day up in a row on an overbought SPY (and others), it's a break of whatever intraday indicator one want to use.  In this case a fast moving average - the white line on the five-minute chart on the right below. 

 

This is day-trading in the context of swing-trading in the context of overall market-timing.

 

Good luck and good trading.

 

[gameover]

another day, another top call

 

just shake my head