I can smell it. Breadth is good. They "backed into" a bunch of momentum Sells last night which is almost always a fade. New highs beckon.
Posted 24 August 2018 - 08:34 AM
I can smell it. Breadth is good. They "backed into" a bunch of momentum Sells last night which is almost always a fade. New highs beckon.
Mark S Young
Wall Street Sentiment
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Posted 24 August 2018 - 09:32 AM
Yes, buy calls full account
Posted 24 August 2018 - 09:41 AM
Yes, buy calls full account
A bit skeptical huh? A good call is a good call, don't fight the tape.
Posted 24 August 2018 - 09:44 AM
Where are the bears? there must be one somewhere...
Posted 24 August 2018 - 09:55 AM
I wouldn't call them momentum signals. Indicator flips where the index moves 0.1 percent are filtered out as noise. Some filter intermediate-term signals at 1 percent.
Posted 24 August 2018 - 10:00 AM
Breakouts from triangle consolidations on the NDX and the RUT......good while it lasts. And then the potential for some pretty ugly charts by October. Ending diagonals.....
Posted 24 August 2018 - 10:36 AM
Well that would be an excellent setup for a fall crash. Yum.
Posted 24 August 2018 - 10:50 AM
1929 high was on 9/3, 1987 on 8/25. Hmmm.
Posted 24 August 2018 - 01:55 PM
I wouldn't call them momentum signals. Indicator flips where the index moves 0.1 percent are filtered out as noise. Some filter intermediate-term signals at 1 percent.
Those "momentum signals" aren't filtered by the amateurs. That's why they're fades and good "signals".
Mark S Young
Wall Street Sentiment
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Posted 24 August 2018 - 02:55 PM
Good call, Mark.
Intraday-day breadth on SPX was good today also. Very clear signals.
May I ask a question, if the information is not proprietary?
How does 'backing' into a momentum sell, look as opposed to - well, the other?
Thanks in advance.
On another site I stated that I have a trading range in the books for a while, till a clear signal is given. But clearly, there's a alight upward bias so far.
Best regards to you and the board.
~D
Edited by dowdeva, 24 August 2018 - 02:56 PM.