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Stonks only go up


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#1 Chilidawgz

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Posted 20 July 2020 - 02:20 PM

JPowell is on a mission...brrrrrrrrrrrrrrrrrrrrrrrrrrrr

 

873.jpg


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All stocks (ETF's) are BAD...unless they go up - William O'Neil
 

#2 Darris

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Posted 20 July 2020 - 04:16 PM

Largest SPX rally on weakest Breadth in Stockcharts SPX breadth history from October 1998 today.  Caution for elevator drop is evident.



#3 OEXCHAOS

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Posted 20 July 2020 - 04:19 PM

Largest SPX rally on weakest Breadth in Stockcharts SPX breadth history from October 1998 today.  Caution for elevator drop is evident.

I was not liking the breadth numbers today either. Cumulative A/D sucked. Stocks above their 50- and 200- looking lame too. I wish we'd had more TSP or Fintwit Bulls, before getting Bearish but sometimes they don't give you want you want.


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#4 Dex

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Posted 20 July 2020 - 04:37 PM


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#5 Dex

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Posted 20 July 2020 - 04:38 PM

https://stockcharts....id=p62753726749


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#6 Darris

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Posted 20 July 2020 - 05:12 PM

!CUMVOLSPX has been down the last 3 days.  ~39% advancing vol avg last 3 days.  Big Pharma goes before Congress tomorrow on Vaccine status.



#7 pdx5

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Posted 20 July 2020 - 05:28 PM

You guys made me nervous. SO all those index funds I bought in March & April had made enough profits so sold half of my portfolio at close today. (with Mutual Funds you always get closing price, buy or sell).

 

Now from fully long to half long. Planning to sell everything in August, and hoping to get back in at T-Giving. 


Edited by pdx5, 20 July 2020 - 05:33 PM.

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#8 Darris

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Posted 20 July 2020 - 06:06 PM

Standing Ovation pdx5.  Close to 50% gains on those March 23rd entries.  Looking forward to your next trades!!!



#9 pdx5

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Posted 20 July 2020 - 06:15 PM

Standing Ovation pdx5.  Close to 50% gains on those March 23rd entries.  Looking forward to your next trades!!!

You already advised me to get out of longs by 3rd week of August and get back in around Thanksgiving. 

But at age 80, I am not again going to go 100% long as I was between April and today. I am going to limit my exposure to stocks at 50% max. Thanks for your great posts here.

 

Before the covid-19 inspired fiasco in March, I was 100% in junk bonds which did not go down anywhere near the SP500. Finally in March the clearance sale on stocks was too good an opportunity to pass. Even better, my trades were in tax deferred accounts (IRA, Roth IRA & variable annuities).


Edited by pdx5, 20 July 2020 - 06:19 PM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#10 CLK

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Posted 20 July 2020 - 06:23 PM

I don't get it, AAII is still low, breadth can't go up every day when  it's at ATH's, volume breadth is meaningless,

yet the first day breaking out of a 6 week range with a measured move of 3540, bullish IT traders are turning bearish?