10 replies to this topic

[RagingSpartan]

Today I got stopped out on my remaining 1/2 short positions.

[Waver]

Today Bear market rally?
Or back to the bull?

[fib_1618]

Today Bear market rally?
Or back to the bull?

 

What's your opinion...what evidence do you have to substantiate either/or??

 

Fib

[Waver]

The only evidence I have is that there should be a test of the lows with higher breadth, higher momentum and less volume.
But I am an ametuer.

You have an opinion?

[saltlake]

Me too RS, I had a long going this morning too that Also got stopped out , lol

[SteveB]

My opinion- Bear market rally. And an impressive one. I think today was a massive short squeeze. It ended in a parabola-up in the 5 min charts during the last hour. Today was a good start in resetting the oversold oscillators back to where the decline can resume. All of the reasons why the market declined are still there. 

[fib_1618]

The only evidence I have is that there should be a test of the lows with higher breadth, higher momentum and less volume.

 

That would be a reasonable expectation though it would be with diverging breadth and momentum and higher volume.

 

This divergence are those would be deemed unsophisticated or unwilling sellers with volume usually higher as equities tend to make rounding tops and spike panic bottoms.

 

And, yes, I always have an opinion...this was what was partially shared over this past weekend in the Weekly Breadth Data review:

 

"However, with current readings in all of the MCO's now in deeply "oversold" territory, along with the volatility and TRIN readings on Friday finally beginning to show a bit of fear (no less the current CBOE and Equity Put/Call ratios screaming "bottom"), a hard reversal to the upside is highly likely to be seen by the end of the year....though we still have to negotiate our way around the half day on Monday and Tuesday's shut down to get there."

 

And so it goes.

 

Fib

[libertas]

Pension funds have to buy approx $64 bn before 12/31 to re-balance due to bonds outperfomring stocks.

[tommyt]

"Today I got stopped out on my remaining 1/2 short positions."

 

Thanks Rager, you had a great run and stuck with it until stopped...kudos

[Iblayz]

Almost 7 to 1 advances to declines ain't nothing to sneeze at, but get this. I noticed on TOS that the Advance/Decline difference for the S&P showed 502. Yep. TOS shows 503 advancing issues vs 1 declining issue. Now, I suppose that won't turn out to be correct but, even if it is close, it is pretty impressive.

 

In edit, just scrolled through the 500. Newmont Mining down a nickel. One loser out of 500.

Edited by Iblayz, 26 December 2018 - 05:53 PM.