124 replies to this topic

[dTraderB]

Well, we may be in crash territory, and we may crash, but hardly likely now, as of Sunday afternoon, December 13th (not a Black Sunday!)

 

However, markets are being priced for perfection, and since the world is not perfect then it can come tumbling down anytime. 

 

I still look tor at least 3 to 5% before end of year but I will be building a huge SPY & QQQ PUTS position if this rally continues. 

 

https://seekingalpha...crash-territory

[dTraderB]

This is the exuberance article:

 

https://seekingalpha...main-in-control

Summary

Over the past couple of weeks, we have talked about a short-term correction potential due to selling pressure from annual mutual fund distributions.

We saw that taking place this past week with the market struggling to maintain its breakout levels.

With the heavily skewed "put-call" ratio currently, we could see volatility pick up as options traders roll positions over into 2021, or selling occurs to take "tax losses" for 2020.

Such could provide a reasonable trading entry for a post-Christmas "Santa Claus" rally as portfolio managers add holdings to "window-dress" portfolios for year-end reporting. 

 

 

[dTraderB]

This poll is usually right at least 70% ... maybe higher than that, but a 15% bulls over bears may be edging into contrarian territory

 

Helene Meisler

 

@hmeisler

 

Saturday Poll The next 100 points for the S&P?

 

UP

56.3%

 

DOWN

43.7%

2,677 votes·Final results

[tradesurfer]

Solar eclipse tomorrow.... Panic cycle week a week from tomorrow according to armstrong...

[dTraderB]

tic toc

 

@TicTocTick

·

2h

 

S&P500 p/e is now 30, the highest ever recorded in history of S&P500 It can mean only one thing

We go higher

[dTraderB]

SentimenTrader

@sentimentrader

·

Dec 10

 

By one measure, the yield on 10-year Treasuries just ended the 2nd-longest downtrend in 60 years.

[dTraderB]

Then it soars to SPX 4k if banks are calling for pullback!

 

Macro Charts

 

@MacroCharts

·

Dec 9

 

Several banks are calling for a market pullback. Among them, GS' US Equity Sentiment Indicator is warning that "positioning is extremely stretched". Historical overlay chart – four out of five signals led to almost no pullback in Stocks (0-2%), and one fell 9% (Feb 2018).

[dTraderB]

Tom McClellan

 

@McClellanOsc

·

Dec 11

 

As of 2 weeks ago, there was a troubling looking divergence between the SP500 and the €/¥ cross rate. But subsequent action has rehabilitated that divergence, which is a bullish development.

[dTraderB]

Fosback Absolute Breadth Ratio Says This Is Not A Top

https://www.mcoscill...s_is_not_a_top/

 

 

December 10, 2020

[dTraderB]

Watch this!   Will it bounce near the zero line or...

 

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