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#1 CLK

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Posted 15 May 2021 - 10:01 AM

Doesn't the weekly Nasdaq A/D line need to start turning up again at some point, or is this a warning of a big drop? It's hard to try to position short before an event like that happens, I think just having a  cash position on the side allocated to buy the crash lows is about all you can do without taking on losses trying to carry puts for weeks/months, not go all in cash, keep trading the daily, but some set aside if it crashes to buy.

 

 

https://stockcharts....53137&listNum=1


Edited by CLK, 15 May 2021 - 10:03 AM.


#2 slupert

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Posted 15 May 2021 - 11:07 AM

Doesn't the weekly Nasdaq A/D line need to start turning up again at some point, or is this a warning of a big drop? It's hard to try to position short before an event like that happens, I think just having a  cash position on the side allocated to buy the crash lows is about all you can do without taking on losses trying to carry puts for weeks/months, not go all in cash, keep trading the daily, but some set aside if it crashes to buy.

 

 

https://stockcharts....53137&listNum=1

The other day I noted that the slow stochs, on NQs were less than 10, thats why the buy came on. purely technical. there was some fluctuation in the TNX, but equities were just a technical buy. What else happened? The CDC and its mask news, I expected good news to be bad news, (more money hitting the economy right now), but I believe what happened was the technical buy prevailed. I do not expect it too last, I think we are on the cusp of a very ugly period for the market. (JMHO)



#3 fib_1618

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Posted 15 May 2021 - 03:53 PM

Doesn't the weekly Nasdaq A/D line need to start turning up again at some point, or is this a warning of a big drop?

 

Not when it's relieving an extreme "overbought" condition.

 

Your charting is too basic...you need to add trending indicators for a more robust look at the internals.

 

I've linked this week's cumulative charts below for better analytical digestion....current BETS reading is at +55

 

Fib

 

http://www.technical...1/cum051421.htm


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#4 LMF

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Posted 15 May 2021 - 08:23 PM

In my work, the only AD line that matters is the SPX, which looks excellent.  The nasdaq has too many small stocks, so in tech the only thing that matters is the NDX.  NDX percent bullish is a good indicator......currently below 50 with QQQ above the 200 day MA, bullish configuration.

 

Lee



#5 fib_1618

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Posted 15 May 2021 - 10:31 PM

In my work, the only AD line that matters is the SPX, which looks excellent. 

 

 

That it do..and SPX prices will likely stay buoyant through the end of the month because of it.

 

Fib

 

http://technicalwatc...spxad051521.png

 

spxad051521.png


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