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SPX 3625 by October, the BULL is back!


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#31 dTraderB

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Posted 07 June 2020 - 07:36 AM

Marting Pring says it is the end of the recession! 

 

https://stockcharts....report-144.html



#32 dTraderB

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Posted 07 June 2020 - 07:38 AM

From Carl & Erin:

 

Today’s Market Eerily Similar to Bear Market Prequel | Carl & Erin Swenlin | DecisionPoint (6.4.20)

https://www.youtube....eature=youtu.be



#33 dTraderB

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Posted 07 June 2020 - 07:44 AM

WOW! that's quite a broad statement! Yes, market have improved but INDUSTRIES? 

Daily Report : Worldwide markets, sectors, and industries all recover from bear markets; Economists have become too negative

https://www.sentimen...ort_06_05_2020/



#34 dTraderB

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Posted 07 June 2020 - 07:51 AM

Bloomberg CFTC CME E-Mini S&P 500 $ES_F Net Non-Commercial Futures Positions Last week's $ES_F contract change by the "Speculators" +50,912 = +$8.1B The $ES_F Speculators made a decent change in positioning last week... they started to cover that MASSIVE short position


#35 dTraderB

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Posted 07 June 2020 - 07:54 AM

Friday's total put/call ratio lowest since January 17th
 
 


#36 dTraderB

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Posted 07 June 2020 - 07:54 AM

Saturday Poll The next 100 points in the S&P. Up or down.
 
UP
53.3%
 
DOWN
46.7%
2,330 votes · Final results
 
 


#37 dTraderB

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Posted 07 June 2020 - 07:56 AM

 
 
WGMurphy_Square_bigger.png
 
For the 2nd week in a row, the weekly Coppock Curve has a bullish bias for all 30 #DJIA stocks


#38 dTraderB

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Posted 07 June 2020 - 07:57 AM

This is stunning. At the peak of speculative fervor in February, small traders bought to open 7.5 million call contracts. This week, they bought 12.1 million. Watch what people do, not what they say. They're full-bore bullish, on steroids.


#39 dTraderB

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Posted 07 June 2020 - 08:00 AM

A ‘misclassification error’ made May unemployment rate look better than it is. Overall unemployment rate about 3ppts higher than reported, meaning unemployment rate at 16.3% for May. Would still be an improvement from an unemployment rate of 19.7% for Apr https://washingtonpost.com/business/2020/06/05/may-2020-jobs-report-misclassification-error/
 
 
TVb1XgOL_bigger.png
 
Businesses are preparing to permanently eliminate jobs, but US employment data will start looking better as temporarily furloughed workers return. "We’re going to have to look through this noise to try see where is the economic damage still happening.”
 
 
TVb1XgOL_bigger.png
 
Businesses are preparing to permanently eliminate jobs, but US employment data will start looking better as temporarily furloughed workers return. "We’re going to have to look through this noise to try see where is the economic damage still happening.”


#40 dTraderB

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Posted 07 June 2020 - 08:07 AM

The NYAD - Breakout and inverse to the Put Call index. I have never seen moves like this, so defaulting to the Warren statement here. Parabolic moves up with the NYAD and parabolic moves down with the Put Call ratios, say an end of a move may be coming soon. Bubble land express