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SELL THE NEWS? BUT, ATH soon....


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#1 dTraderB

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Posted 08 November 2020 - 06:50 AM

Now that most of the indecision and election noise is behind us, expect  ATHs soon, and then more. However, market may sell the news after an initial rally, and then launch the REAL RALLY.

 

whatever, it does, I am not risking too much and want to retain all or as much of 2020 profits, and add as much as possible in the next 6 weeks. 

 

2800?

If you understand Donald well, you wanna sell S&P500 when everyone is buying at 3511 and buy it back when everyone will be selling at 2800 This is my 2 cents It’s stunningly simple

 



#2 dTraderB

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Posted 08 November 2020 - 06:53 AM

His levels are watched, they are on my charts....
 

·
 

 

 

1. I want to sell on offers below 3484, targets 3400

2. If daily close below 3400, expect 3333 or lower

3. As long as 3484 holds, I am allowed to look for small longs (15-20 points no larger than 3540) $SPY $SPX $ES

 

Folks are talking about 4000 and some even 4500 S&P500 And here i am thinking how many limit down days we can squeeze in between now $SPX 3510 and January 2021



#3 dTraderB

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Posted 08 November 2020 - 06:54 AM

Have a great weekend! Largest green week since April in $SPX, but despite this its still rangebound since Sept as it coils into a triangle. The real move still coming My plan next week: Above 3520 sees 3570, pullback, then 3680. If 3445 fails 1st though, buy opp isn't until 3380


#4 dTraderB

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Posted 08 November 2020 - 06:55 AM

LONG TRADE seems too crowded at this juncture. 

I am looking for a pullback - then zoom ahead



#5 dTraderB

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Posted 08 November 2020 - 06:56 AM

COPPOCK CURVE! Been a while since I heard anyone mentioning it...

 

The weekly Coppock Curve has a bullish bias for only three of the S&P's 11 sectors - healthcare, telecom, & utes.
 


#6 dTraderB

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Posted 08 November 2020 - 06:58 AM

A tad too bullish, me thinks.... but then I am leaning bearish ST after spike up

 

Saturday Poll The Next 100 points for the S&P?
 
UP
55.5%
 
DOWN
44.5%
3,427 votes · Final results
Saturday Poll The Next 100 points for the S&P?
 
UP
55.5%
 
DOWN
44.5%
3,427 votes · Final results


#7 dTraderB

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Posted 08 November 2020 - 07:00 AM

 
 
 
 
 
Equity put/call ratio .41 Friday. One week ago we were at .77 (green arrow). Now we are at the red arrow.


#8 dTraderB

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Posted 08 November 2020 - 07:03 AM

"The Fed is stuck and will not lower rates below zero nor can it raise them without killing housing. Meanwhile, the bubbles keep getting bigger increasing the odds of a deflationary collapse.” - https://realinvestmentadvice.com/market-surges-as-election-turns-into-optimal-outcome-11-06-20/


#9 dTraderB

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Posted 08 November 2020 - 07:09 AM

My latest Chart In Focus article, "Post El Niño Cooling Means a Bottom Soon For Bond Yields", is posted at https://mcoscillator.com/learning_center/weekly_chart/post_el_nino_cooling_means_a_bottom_soon_for_bond_yields/.


#10 dTraderB

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Posted 08 November 2020 - 07:10 AM

I spoke yrs ago with a woman who was on the indices team at Russell, and found out about how they divided stocks into "growth" and "value". Growth stocks had to meet certain specific requirements, demonstrating that companies were growing earnings/revs. Value was everything else.
Quote Tweet
 
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Mark Ungewitter
 
@mark_ungewitter
· 22h
I propose that value stocks be redefined as those about to go up.