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Weekly Breadth Reports
Started by
OEXCHAOS
, Sep 23 2022 02:47 PM
12 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 23 September 2022 - 02:47 PM
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#2
pdx5
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Posted 23 September 2022 - 03:11 PM
Nibbled on SP500 index fund at closing price today. For 1 to 3 year hold.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#3
fib_1618
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Posted 24 September 2022 - 07:57 PM
Nibbled on SP500 index fund at closing price today. For 1 to 3 year hold.
And your stop is....?
Fib
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#4
pdx5
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Posted 24 September 2022 - 08:25 PM
30% profit is stop.
Never sold Sp500 index fund at loss in 45 years.
Never sold Sp500 index fund at loss in 45 years.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#5
K Wave
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Posted 24 September 2022 - 09:40 PM
30% profit is stop.
Never sold Sp500 index fund at loss in 45 years.
1st time for everything I guess.
May not see the August highs again in your lifetime if I turn out to be right about a generational top at least comparable to 2000, if not 1929.
Of course, I could be wrong. Will likely know soon based upon Mega Cap action over next few months....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#6
K Wave
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Posted 24 September 2022 - 10:16 PM
Seriously...good luck getting a 30% return any time soon with this SPX chart configuration.
Every bit as bad as 29 peak, and now momo has turned hard down on monthly chart.
Markets don't just magically recover from these chart patterns....
SPX today
Dow 29 and aftermath
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#7
K Wave
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Posted 24 September 2022 - 10:24 PM
One of the last pieces of the Massive Top puzzle I have been waiting for, other than the reasonably likely huge wave 3 drop upcoming on Mega Caps, is the for Utils to roll over.
With Friday's breach of 200 day MA, that piece may now be in place after the failed swing high....
Util Monthly...momo look like it wants to roll...
Util Daily
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#8
pdx5
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Posted 24 September 2022 - 11:35 PM
Unless the printing machine is permanently broken in DC, there is only one escape hatch for the federal government, print print print. Only devaluation of dollar can sustain $31 Trillion national debt growing 3-4 Trillion every year, with interest rates climbing.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#9
pdx5
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Posted 24 September 2022 - 11:38 PM
Seriously...good luck getting a 30% return any time soon with this SPX chart configuration.
Every bit as bad as 29 peak, and now momo has turned hard down on monthly chart.
Markets don't just magically recover from these chart patterns....
30% profit is STOP, in response to Fib's question. It is NOT the goal.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#10
K Wave
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Posted 25 September 2022 - 01:37 AM
IF we go hard down into end of September, then something along these lines could be a very possible monthly scenario for SPX into early 2023.
Trips down the other side of the mountain can come very fast once key levels breached near the top of a megabubble.
Especially when so much market cap concentrated in a few extreme bubble stocks.
Edited by K Wave, 25 September 2022 - 01:44 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
