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DP Alert: NDX First to Get IT BUY Signal - Dow ST BUY Signal


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#1 dTraderB

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Posted 09 May 2018 - 07:38 PM

DP Alert: NDX First to Get IT BUY Signal - Bullish Indicators - Dow ST BUY Signal
Erin Swenlin |  May 09, 2018 at 06:41 PM

 

It's going to be one of those weeks apparently when we watch the DecisionPoint Scoreboards flip out. We have had seven signal changes starting May 4th. The reversals in the short-term trend is typical during volatile periods. What I'm most interested in right now are the bearish signals in the intermediate term. However, today, the first of those intermediate-term signals has moved to a BUY for the NDX. You'll also notice on our sector signal board below the DP Scoreboards summary, we are seeing some new IT BUY signals arriving. It wasn't that long ago that none of the sectors had BUY signals. We might finally be seeing a significant reversal, but we need to see the other indexes get on board.

 

http://stockcharts.c...buy-signal.html



#2 dTraderB

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Posted 09 May 2018 - 07:43 PM

This may indicate a pause or pull-back before any further advance.

 

vix_d.jpg


Edited by dTraderB, 09 May 2018 - 07:44 PM.


#3 dTraderB

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Posted 10 May 2018 - 07:54 AM

There may be a new NQ (NDX) high on this move up, by next week, if rally continues; DOW and S&P are lagging



#4 dTraderB

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Posted 10 May 2018 - 07:56 AM

Still think there will be a pull-back but some don't think so.

 

 

S&P Small Caps Close At All-Time High; Falling VIX Says NO To Bear Market
Tom Bowley |  May 10, 2018 at 08:39 AM

 

15259551328101053707097.png

http://stockcharts.c...ear-market.html



#5 dTraderB

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Posted 10 May 2018 - 07:58 AM

SMALL-CAPS on blistering rally to new highs! Nice chart, Tom.

 

1525954403471180091651.png

 

http://stockcharts.c...ear-market.html



#6 dTraderB

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Posted 10 May 2018 - 08:03 AM

VXX 37 handle is here as I hoped it will be, possible spike down to 36 or lower, but that will be temporary and will shoot up back in a few hours. 

Ditto for VIX, now with a 13 handle, possibly falling to low 12, but also a temporary move.

And, my favorite short coming into play later today or tomorrow,  into next week: QQQ puts with QQQ at or above 170 (now at 168.5 pre-market)

 

 

SPX%20May%2010%20%202018.jpg



#7 K Wave

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Posted 10 May 2018 - 08:17 AM

SMALL-CAPS on blistering rally to new highs! Nice chart, Tom.

 

 

RUT looks ready to go Parabolic into next year....only  close under 1550 would call that into question now..



#8 dTraderB

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Posted 10 May 2018 - 11:04 AM

Very important resistance zone immediately ahead: the 2720/22 SPX swing high

A daily close above this is bullish, to 2750, and possibly beyond.



#9 dTraderB

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Posted 10 May 2018 - 01:05 PM

Cannot believe the big kahunas already start to distribute! 

Too early for that - let SPX hit 2750 or higher, VIX at 12 or lower, VXX below 35 or 34, and QQQ above 170. 

I have to buy volatility at lower levels!