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I'd take a look at the Russell 2000, the US Dollar and the VIX


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#31 skott

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Posted 14 March 2023 - 12:10 PM

Can you see this QQQ chart?  

 

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#32 skott

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Posted 14 March 2023 - 12:16 PM

for the bullish pattern to continue I would think it needs to hold that 295.70ish line i have drawn.  The head is down at 285 and then the shoulders should be obvious. will this be another bullish fail?  Russell 2000 is already giving back a large portion of today's gains.  The DOW is below where it opened for the day.  oh dow 34,000 where art though?



#33 skott

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Posted 14 March 2023 - 12:24 PM

anyone else have that feeling another shoe is going to drop?  It's what happens in bear markets



#34 skott

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Posted 14 March 2023 - 12:36 PM

my best short since DEC 13 when I started.  XLE. have finally broken thru that support line now turned into resistance. Today XLE has risen to test that area, broke thru a little and so far has failed. Energy co. insiders have been selling heavily for weeks now. important barometer for the economy and market

 

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Anyone seeing these charts? some wanted charts. there you are



#35 skott

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Posted 14 March 2023 - 12:41 PM

The SPX double trendline fails

 

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#36 skott

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Posted 14 March 2023 - 01:15 PM

can you believe people chase after a stock with a growth rate of about 20% and a PE of 100? can you say dumb dumb?

 

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#37 skott

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Posted 15 March 2023 - 09:37 AM

anyone else have that feeling another shoe is going to drop?  It's what happens in bear markets

 

 

Just in case you didn't see this yesterday