Member
Posted 18 May 2023 - 10:50 AM
Meanwhile, Homebuilders starting to go to new all time highs in this "bear" market.
XHB action has been been bothering me from a bearish perspective for a while now...especially recently when liftoff from back test of 4 hour happened.
Edited by K Wave, 18 May 2023 - 10:59 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
Member
Posted 18 May 2023 - 10:54 AM
On the other hand, the Hot Mess continues with XRT REIT Utes and Trannies still not out of the doghouse....
And notably not performing all that well today....
So unless those turn the corner upside soon, potential reversal caution light still on.
XRT above 62 and Trannies back above 14K might start to turn that light off...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 18 May 2023 - 10:55 AM
XRT...Super Coiled
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 18 May 2023 - 10:56 AM
Trannies 14K holding so far....above today's high, bears likely have problems....see if they can continue to hold....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 18 May 2023 - 10:57 AM
The big Dow battle rages on.........
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 18 May 2023 - 11:03 AM
NVDA destroying the shorts....had a lot more than big round one in the tank it appears...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 18 May 2023 - 11:05 AM
Trannies keeping it interesting....a bit more rejection than bulls might have liked to see....see if 13800 holds...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 18 May 2023 - 11:09 AM
Big Daddy REIT EQIX likely about to make a ginormous decision....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 18 May 2023 - 11:13 AM
Love that Nvidea chart may look like a double top but then again what's a 181 p/e ratio lol!!!
Member
Posted 18 May 2023 - 11:13 AM
Still watching Boeing here...a solid foothold above the 4 hour 200 could put bulls in position for a romp...
And here's Daily...yeh, this is big here....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
