Bear Update
#1
Posted 29 November 2018 - 10:51 AM
#2
Posted 29 November 2018 - 11:49 AM
Now...now...in almost all of the major averages, their percentage gains for the week are now greater than the percentages losses from last week.
Always best to be humble in this business and give the other side their due when warranted.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#3
Posted 29 November 2018 - 11:57 AM
Raging Spartans.... Two things have changed...
* Less chance of continued Interest Rates hikes ( Bullish )
* New Housing growth accellerated to the downside from 8.7% declining revenue to 11.7% declining revenue ( Bearish )
I was bullish until the new housing numbers hit, now I do feel market upside is limited and US stocks have gone from overbought to highly overbought.. We never did hit a neutral stance on stocks.
#4
Posted 29 November 2018 - 12:04 PM
1 up day and bulls gets excited. Amazing. Nothing has changed.
The only change would be in the trader's account balances.
#5
Posted 29 November 2018 - 03:18 PM
Pretty big bullish cup formed on TQQQ today......just need a nice crunching right shoulder to finish the week. Fed balance sheet down on Friday. Overall looks good right now.