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"Our IT Optimism Index's 20 day average is extremely high"


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#1 dTraderB

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Posted 27 November 2019 - 01:29 PM

My parting pre-long-weekend shot, let's discuss! 

SentimenTraderVerified account @sentimentrader
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Our Intermediate Term Optimism Index's 20 day average (a sentiment indicator) is extremely high. When it was this high in the past, $SPX fell 73% of the time 1 week later, and $VIX jumped 82% of the time 2-4 weeks later

EKZhVsyXYAAybaM.png
10:14 AM - 27 Nov 2019

 



#2 dTraderB

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Posted 27 November 2019 - 01:32 PM

was too busy to post this earlier:
 

Tom McClellan @McClellanOsc
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NYSE's A-D Line made a new ATH Monday, very bullish. But we still have an apparent divergence in EEM to worry about. Today's small EEM drop is not helping. But it is not very far from here to get to a higher high.

EKTvGC_VAAcYQfV.png
7:16 AM - 26 Nov 2019


#3 dTraderB

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Posted 27 November 2019 - 01:34 PM

David Larew @ThinkTankCharts
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NYSI and NASI - Net advances have been fairly FLAT the last 3 weeks, where price has gone parabolic. The pushing of weighted stocks in the indexes explains it. What happens when they are fully valued?? The markets are warning us here.

EKXoXSwWsAEJTo7.png
1:26 AM - 27 Nov 2019


#4 dTraderB

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Posted 27 November 2019 - 01:35 PM

David Larew @ThinkTankCharts
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Top Watch -- VIX below warning line - RSI in warning area. Generally when both are at extreme levels, the public thinks the markets will never go down again. Tops are harder to define than bottoms, so don't be too eager to short this parabolic move.

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1:14 AM - 27 Nov 2019


#5 dTraderB

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Posted 27 November 2019 - 01:39 PM

But, VIX daily BUY is still not on the near horizon... 

 

I’m not claiming any indicator is “the” indicator, but I’ve had good success building long volatility positions when %B(20,2) is at or below zero.We are at -0.09, the most extreme I’ve seen in quite some time. July deep in oversold territory, Sept briefly, both right before drops

EKW4vhiXkAABKBO.jpg
9:57 PM - 26 Nov 2019


#6 dTraderB

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Posted 27 November 2019 - 01:44 PM

but, I should add, VIX and VXX are almost flat today.

 

VIX should trade with a 10 handle later today or Friday on any move above SPX 3160



#7 da_cheif

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Posted 27 November 2019 - 02:02 PM

 

But, VIX daily BUY is still not on the near horizon... 

 

I’m not claiming any indicator is “the” indicator, but I’ve had good success building long volatility positions when %B(20,2) is at or below zero.We are at -0.09, the most extreme I’ve seen in quite some time. July deep in oversold territory, Sept briefly, both right before drops

EKW4vhiXkAABKBO.jpg
9:57 PM - 26 Nov 2019

 

oh reallly??    i didnt know any of that   :>)



#8 K Wave

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Posted 29 November 2019 - 10:33 AM

My parting pre-long-weekend shot, let's discuss! 

SentimenTraderVerified account @sentimentrader
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Our Intermediate Term Optimism Index's 20 day average (a sentiment indicator) is extremely high. When it was this high in the past, $SPX fell 73% of the time 1 week later, and $VIX jumped 82% of the time 2-4 weeks later

EKZhVsyXYAAybaM.png
10:14 AM - 27 Nov 2019

 

Started piling into to UVXY on Friday....

 

now testing 1 min 900 MA....if it busts on through, could be rapid rise scenario for a bit.....15 min chart extremely sold out....reaction move should be near....



#9 K Wave

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Posted 29 November 2019 - 10:53 AM

 

My parting pre-long-weekend shot, let's discuss! 

SentimenTraderVerified account @sentimentrader
FollowFollow @sentimentrader
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Our Intermediate Term Optimism Index's 20 day average (a sentiment indicator) is extremely high. When it was this high in the past, $SPX fell 73% of the time 1 week later, and $VIX jumped 82% of the time 2-4 weeks later

EKZhVsyXYAAybaM.png
10:14 AM - 27 Nov 2019

 

Started piling into to UVXY on Friday....(oops Wednesday)

 

now testing 1 min 900 MA....if it busts on through, could be rapid rise scenario for a bit.....15 min chart extremely sold out....reaction move should be near....