99 replies to this topic

[dTraderB]

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

Member

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• Traders-Talk User
• 1,583 posts

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.

 

 

[dTraderB]

I browse this site regularly ...

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[dTraderB]

Bill McBride

 

@calculatedrisk

 

Q3 GDP Forecasts https://calculatedriskblog.com/2020/08/q3-gdp-forecasts_22.html… The two black arrows show what a 15% or 25% annualized increase in real GDP would look like in Q3. Even with a 25% annualized increase (about 5.7% QoQ), real GDP will be down about 5.5% from Q4 2019.

[dTraderB]

Bill McBride

 

@calculatedrisk

·

1h

 

Schedule for Week of August 23, 2020 https://calculatedriskblog.com/2020/08/schedule-for-week-of-august-23-2020.html… The key reports this week are the second estimate of Q2 GDP and July New Home sales. Fed Chair Jerome Powell will discuss the Monetary Policy Framework Review at the Jackson Hole Symposium on Thursday.

[dTraderB]

SentimenTrader

@sentimentrader

 

On a day the Nasdaq rallied more than 0.4% to a 52-week high, only 29% of stocks on the exchange managed to rise. This is the lowest in history, by far. The next-worst was a day in July. This is becoming a regular occurrence and it hasn't mattered, so FWIW. But it's not normal.

4:03 PM · Aug 21, 2020·Twitter Web App

[dTraderB]

SentimenTrader

@sentimentrader

 

If it's frustrating to see your stocks go down on a day the market soars, you're not alone. Today will be the 4th time in the past 3 weeks when the Nasdaq jumped while breadth was negative (either issues or volume). This is the most since 2007. Hasn't mattered a whit yet, so

[dTraderB]

New one for me: LUMBER & APPLE! 
 

Tom McClellan

 

@McClellanOsc

 

Just because I was curious today, here is a YTD comparison of lumber futures to AAPL. And yes, LBS is outperforming since Jan. 1, and also since the Covid low. There is no reason why these two ought to be so well correlated, other than trader speculation.

[dTraderB]

Tom McClellan Retweeted

 

 

 

austinsilverfx

 

@austinsilverfx

·

Aug 19

 

Create a probabilistic way of thinking by accepting these 4 truths: 1) anything can happen 2) you don’t need to know what’s coming next in order to make $$ 3) every edge experiences wins and losses at a random distribution 4) edge is only an indicator of higher probability

[dTraderB]

Tom McClellan

 

@McClellanOsc

 

My latest Chart In Focus article, "Commercial Traders Are Long Dollar Index Futures", is posted at https://mcoscillator.com/learning_center/weekly_chart/commercial_traders_are_long_dollar_index_futures/….

[dTraderB]

 

https://www.mcoscill...t_breadth_data/