154 replies to this topic

[dTraderB]

Interesting....

 

Tom McClellan

 

@McClellanOsc

·

2h

 

Even more reliable is a breadth non-divergence, e.g. the NYSE A-D Line making a higher HIGH before prices. Note that this is different from higher low versus lower price low, which is a separate category of event.

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Mark Ungewitter

 

@mark_ungewitter

· 7h

Breadth divergence is less reliable than breadth thrust, in my experience. Not claiming divergence is worthless, just worth less.

[dTraderB]

So, ELON MUSK will be TIME MAN OF THE YEAR and TESLA stock will drop off the cliff??

 

Walter Deemer Retweeted

 

 

 

 

 

 

 

Jim Bianco biancoresearch.eth

 

@biancoresearch

·

7h

 

1999 Bezos was TIME's Person of the Year. Over the next two years Amazon's stock fell 94% (to $6!). Just saying.

 

Jim Bianco biancoresearch.eth

 

@biancoresearch

· 8h

TIME Magazine's Person of the Year has historically been a great contrarian Indicator. Consider yourself warned

[dTraderB]

Impossible that the FED will say or do anything negative during this Decewmber meeting.... no way, what's a month to wait until after the holidays and see how the Omicron variant is handled?? 

 

Oliver Renick

@OJRenick

·

30m

 

4Q18 is really the only relevant historical period to examine if you're looking for how stocks might respond to tightening Fed. Decade+ of one-directional monetary policy & bullish narrative that evolved around it means ur not going to gain much by examining past hike cycles

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Conor Sen

@conorsen

· 1h

Replying to @TheStalwart

You could argue December, 2018 was a mini-crash I think.

[dTraderB]

More BUBBLE talk & forecast:
 

And maybe enjoy any Santa rally while it lasts, as the team sees a near-term correction taking the S&P 500 toward the low 4,000s by the first quarter of next year. And then…

“Later in 2022-23E, we believe the ‘behind-the-curve’ Fed might create the third bubble in 100 years, by 2023 to 6,750 for the S&P 500 (Nasdaq [approximately] 25,000),” said the Stifel team.

“Populism (which the Fed and Treasury seemingly embrace) leads to poor choices and even worse outcomes. Rate repression may again create a bubble that bursts (always do), followed by a lost decade,” it said.

https://www.marketwa...d=dist_mw_email

[dTraderB]

Some MAY SAY this is a ploy to send it down so some could buy lower in January... but not me! 

 

Goldman sees troubling market trend below the surface, recommends high-margin stocks

PUBLISHED MON, DEC 13 202111:32 AM ES

https://www.cnbc.com...gin-stocks.html

[dTraderB]

Looks like a trend: talk it down and buy it much lower in January  or February...

 

Morgan Stanley CEO Gorman calls for the Fed to raise interest rates soon

https://www.cnbc.com...rates-soon.html

[dTraderB]

And, if, the market drops a few % from the ATH then these stocks might drop another 50% or more??

 

Which is the best candidate among these to risk a few K??

 

Charlie Bilello

@charliebilello

·

1h

 

Meme Stock % Below 52-Week High...

AMC $AMC: -68%

Bed Bath $BBBY: -69%

Blackberry $BB: -70%

BeyondMeat $BYND: -71%

GameStop $GME: -72%

Virgin Galactic $SPCE: -76%

Express $EXPR: -77%

Clover $CLOV: -85%

Tilray $TLRY: -87%

Koss $KOSS: -90%

New Concept $GBR: -91%

Blockbuster: -99.6%

[pdx5]

 

And, if, the market drops a few % from the ATH then these stocks might drop another 50% or more??

 

Which is the best candidate among these to risk a few K??

 

Charlie Bilello

 

@charliebilello

 

 

I would think those which have already dropped a lot, do not have much potential to drop much more.

If market has significant correction, those which have gone up the most in last 12 months (but not backed up by fundamentals) would be the ones to drop more.

[dTraderB]

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

[brucekeller]

Panic Selling To Panic Buying In One Week

Did anything fundamentally change to support the panic buying? No. If you paid attention to the headlines, the Federal Reserve has become considerably more “hawkish” in the stance. The acceleration of tapering liquidity and hiking interest rates will prove unkind to investors chasing highly overvalued securities.

This week’s rally continues to follow the seasonality chart we discussed last week. Such also suggests that we will see some additional “sloppy” action next week heading into options expiration next Friday. However, that weakness should provide the base for the year-end rally to commence from.

After previously raising cash in November, as discussed in the portfolio update below, we used the recent panic selling to increase our exposure to equities. We will look for additional weaknesses next week to do the same.

On a longer-term basis, we remain cautious due to valuations, earnings expectations, and weaker economic growth. However, there are reasons to be more optimistic from a trading perspective in the near term.

 

https://realinvestme...ing-in-one-week

 

Wow very accurate this month so far. Is there always a Fed meeting around the 15th of December to give a boost? :-P