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Start of the new BULL MARKET? No, not as yet....


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#1 dTraderB

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Posted 11 October 2020 - 11:45 AM

In normal times, yes, the bull seems ready to bolt our of door and start running but it's not normal and much has to be done before a new Bull Market begins. 

 

ATH could be achieved in this leg up but more likely it will be a jerky, stop & go, rough, and frustrating market during the next few weeks.... unless polls predict a BLOW-OUT victory for one of the contenders. (Kanye is also contesting?)

Of course, I could be wrong!

 

This is quite possible, but I am looking for more pullbacks and a string rally into end of year. 

 

3 things:
1. There won’t be stimulus
2. Joe wins
3, S&P500 4,000

 



#2 dTraderB

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Posted 11 October 2020 - 11:48 AM

Saturday Poll The next 100 points for the S&P
 
UP
61.5%
 
DOWN
38.5%
2,657 votes · Final results
Saturday Poll The next 100 points for the S&P
 
UP
61.5%
 
DOWN
38.5%
2,657 votes · Final results


#3 dTraderB

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Posted 11 October 2020 - 11:53 AM

Watch the Dollar!
 

A historic day for China's currency, with the onshore renminbi strengthening the most vs the dollar since 2005.


#4 dTraderB

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Posted 11 October 2020 - 11:54 AM

Replying to
The cumulative #Advance/#Decline line is at levels, which have typically denoted #shortterm #market peaks. Just a reminder there is currently NO STIMULUS, just talk. Plenty of room for disappointment next week. https://realinvestmentadvice.com/market-regains-footing-on-hopes-of-more-stimulus-10-09-20/


#5 dTraderB

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Posted 11 October 2020 - 11:57 AM

I examined every Zweig Breadth Thrust signal since 1928 here: https://mcoscillator.com/learning_center/weekly_chart/zweig_breadth_thrust_signal/. Some great signals, and some horrible ones.
Quote Tweet
 
BqQqyatT_normal.jpg
 
 
Steve Deppe, CMT
 
@SJD10304
· Oct 8
Replying to @mkat911 @McClellanOsc and 3 others
we're basically at a Whaley 10 day 2:1 breadth thrust too. I don't believe breadth thrusts have any truly predictive qualities, but it's logical to believe that accumulation like this in the present is under the expectation of higher prices into the future.


#6 dTraderB

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Posted 11 October 2020 - 11:58 AM

McClellanOsc_898.gif

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



#7 dTraderB

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Posted 11 October 2020 - 11:59 AM

https://www.marketin...summation-index



#8 dTraderB

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Posted 11 October 2020 - 12:01 PM

Come on BANK STOCKS, let us zoom ahead 

 

https://www.reuters....e-idUSKBN26U15O



#9 OEXCHAOS

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Posted 11 October 2020 - 02:45 PM

 

Saturday Poll The next 100 points for the S&P
 
UP
61.5%
 
DOWN
38.5%
2,657 votes · Final results
Saturday Poll The next 100 points for the S&P
 
UP
61.5%
 
DOWN
38.5%
2,657 votes · Final results

 

I follow Helene. While this seems excessive, I note that her followers seem to be a couple cuts above the typical Twitterrati. Lots of technicians. And thus far, they seem to be pretty right.

https://twitter.com/...3367680/photo/3

https://pbs.twimg.co...=png&name=small

 


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#10 trioderob

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Posted 11 October 2020 - 05:22 PM

 

Watch the Dollar!
 

A historic day for China's currency, with the onshore renminbi strengthening the most vs the dollar since 2005.

 

 

wont that be terrible for the emerging markets ???