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NOT NORMAL - throw out TA, FA, SPX 3550 or 3000

Today, 08:55 AM

Posted by dTraderB in Fearless Forecasters

Of course, it is not a NORMAL market but all bubbles and manias are abnormal, especially with trillions on the sidelines. 

I will reiterate my FF of last week for a IT & ST top, last week,  If there is any positive vaccine news, or credible  talk of such,  then I will buy tons & tons of ETFs for the LT Portfolio. 

 

This is a response to the thread last week and quite possible this will happen BUT WHAT IS THE CATALYST? 
 

Darris

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Posted Yesterday, 08:21 PM

Only other time SPX breadth was below 50% 5 consecutive days and the index positive over those 5 days was June 15-21, 2000, up 0.60% for those 5 days.  Bears already had a hold of NDX and it had a 5 day near 10% bounce.  Broad market correction this week would seem to be over and we should rally out of the gate next week with much improved internals.

 

 

  296 Views · 18 Replies ( Last reply by Rogerdodger )

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Next Week's Risk Window

Today, 07:55 AM

Posted by Douglas in Fearless Forecasters

According to my risk summation system, the day next week with the highest risk of a turn in or acceleration of the current trend is Wednesday the 26th of August.  I'm still missing a few pieces of data which I don't think will change next week's risk profile, but if they do, I will post a response to this note to update the risk window prognostication some time Monday.

 

Last week's Monday the 17th risk window caught the DJIA high for the week, but the sell off which followed was tepid at best.  The Friday the 21st risk window missed the Thursday low, so it must be labelled as a dud. 

 

Based on my other market risk system, it would appear that the boring dog days of summer trading may be on the verge of abruptly changing.  The recent happy-go-lucky market bug buzzing placidly up the ever-climbing DOW highway may be nearing a rendezvous with the reality vehicle risk cycle window of its destiny.  Splat.  Surely the big Greyhound bus sized cycle windows  arriving the next couple of weeks will stop the bug.   

 

Regards,

Douglas

  95 Views · 3 Replies ( Last reply by LMF )

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SPX WEEKLY POLL

Yesterday, 07:37 PM

Posted by rjo in Fearless Forecasters
Poll

  57 Views · 0 Replies

  188 Views · 4 Replies ( Last reply by Dex )

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The Tesla Killa

Yesterday, 06:30 PM

Posted by merciless in Fearless Forecasters

Almost 10 years in the making...…

 

https://www.bing.com...ors&FORM=HDRSC3

 

 

https://www.bing.com...p+1&FORM=HDRSC3

 

Due your own DD, IMHO the Hydrogen economy is going to lead the next century, full disclosure I am an investor in this ENERGY Company....

 

Hope to be back trading when I become an empty nester in a few weeksyes.gif

 

 

 

  163 Views · 2 Replies ( Last reply by orange )



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