Member
Posted 01 May 2019 - 09:57 PM
Finally, this laptop WINDOWS update is done, hope it does not fail again during real-time cash session.
Some informative stuff here from Sentiment Trader
The S&P hit new highs for 3 straight days, with a negative McClellan Oscillator each day. That triggered in October ’17, with no problem, but prior to that was an issue over the next 30 days.
https://www.sentimen...ring-financials
Member
Posted 02 May 2019 - 06:25 AM
Amazing interpretationS of FED statement & comments:
BLOOMBERG:
Markets Have Misread the Fed
Investors should have known that the central bank sees no pressing need to cut rates to spark faster inflation. Also, meet the “Fang 6.”
https://www.bloomber...he-fed-jv64h3f4
Powell Snatches Defeat From the Jaws of Victory
Frustrating Fed speak leads market commentary. Plus, the dilemma of the dollar, a Saudi surge and more.
https://www.investin...rally-200414791
Member
Posted 02 May 2019 - 06:38 AM
* "Jazzy" Jeff Hirsch issues a sell on the S&P (Stock Trader's Almanac) * An odd market stat
"Melt up" talk almost always happens at tops, not bottoms.
Member
Posted 02 May 2019 - 06:40 AM
AAII Allocation is interesting.
Stocks: 67.8% (highest since Oct when it was 69.5)
Cash: 15.1% (lowest in a year, was 14.7 in March '18)
Historical averages: Stocks: 61% Cash: 23%
AAII bulls +5.5 this week but still hovering at 40% level. bears were +1.1 to 21.3%. The 4 week ma of bears shown
Member
Posted 02 May 2019 - 08:36 AM
just waiting for the big 3 to reverse...AAPL yesterday may have been all she wrote.
IF MSFT, AMZN and AAPL now all break their pre-earning pivots, then bears likely got the ball for a while.
NYA looks like it may just about to lose a massive multi-week battle for 13K level
Edited by K Wave, 02 May 2019 - 08:36 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 02 May 2019 - 09:13 AM
The critical issue: can SPX close above yesterday's close?
If it does then reversal pattern is NOT in place and rally continues.
Member
Posted 02 May 2019 - 10:39 AM
more selling today
high trin, again
SPX 2923/25 important resistance
lows last week in SPX also important
Member
Posted 02 May 2019 - 10:40 AM
there's 18 handle on AMZN...now we see if it really wants to roll over with a nice breakout/fakeout to mark the big swing top
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 02 May 2019 - 01:52 PM
Market in the most vulnerable state since.... a long time
Can the bulls pull out an Houdini act to hold SPX 2900 today?
If they do then the rally lives....
