8 replies to this topic

[Rogerdodger]

[redfoliage2]

VIX looks pointing to some ST trouble here.  Maybe a deeper pullback in the cards next week ....................

Edited by redfoliage2, 22 November 2023 - 02:28 PM.

[Rogerdodger]

Backing up a bit:

[steadyquest]

One would think it could bounce.

 

But this week's candle is bigger than last's.  Doesn't it need to slow down before it can stop?  Hasn't even pulled back yet today - and still has room to move lower, historically speaking.

 

Rally on, Garth!

[Rogerdodger]

I never trust low volume holiday trading but the air sure is thin up there now. (Or down there if looking at the un-inverted VIX)

Edited by Rogerdodger, 24 November 2023 - 02:41 PM.

[Rogerdodger]

AAII sentiment shows the least bears since summer's top. https://stockcharts..../dpgallery.html

 

But the McSum needs to slow down to go down.

Edited by Rogerdodger, 24 November 2023 - 09:32 PM.

[da_cheif]

VIX looks pointing to some ST trouble here.  Maybe a deeper pullback in the cards next week ....................

maybe???   u mean u dont know??      watch the sky,..675 ono.....vix goin back to 8

Edited by da_cheif, 25 November 2023 - 05:56 PM.

[da_cheif]

AAII sentiment shows the least bears since summer's top. https://stockcharts..../dpgallery.html

 

But the McSum needs to slow down to go down.

if ur long u shud be enjoying this and wats to come eh

[Rogerdodger]

Mike Burk:

 

SPX is less than 1% off its high for the year. 

A new SPX high for the year is likely to occur next week and it will be seriously unconfirmed by NY NH.

Average returns for the coming week have been positive by all measures and stronger during the 3^rd year of the Presidential Cycle than other years.

The market is overbought.

.

"McSum needs to slow down to go down"