367 replies to this topic

[redfoliage2]

 

Tom McClellan (@McClellanOsc) posted at 9:23 PM on Fri, Apr 19, 2024:
The SP500 kept going down Friday, but breadth was positive, helping to lift the NYSE's McClellan A-D Oscillator up further from Tuesday's very low reading. It was the most negative reading since March 2023 (which was a pretty good price bottom). Seasonality is still in the bulls' favor.
https://t.co/gobYVpkCKG
 

McCLELLAN OSC:
Sharp rebound, up about 50% from low, but maybe too fast. Retracement to -200 & then a rally all the way above the zero line will be sustainable
https://www.mcoscill...t_breadth_data/

 

The market breadth displayed a divergence on Friday, turning up while the market was dropping, a sign that the selling is likely at the end ....................

 

We are seeing a relief rally in stocks as gold and crude oil retreat.  SPX is likely going back above 5K when US cash market opens ........................

Edited by redfoliage2, 22 April 2024 - 02:34 AM.

[dTraderB]

Will reopen longs ... after 9:30am unless it craters before

Closed 1 each again. Good bounce

Closed 1 A50 & 1 HSI LONG
NICE POP...

[dTraderB]

BEST MONTH IN 2024, WANT TO KEEP IT THAT WAY. BIGGEST LONG POSITION SINCE 2023 TOP... will add hedges while building LONGS until end of month. Will liquidate LONGS on any reasonable bounce. Will add LONGS in TECH, FINANCIALS

Edited by dTraderB, 22 April 2024 - 07:35 AM.

[dTraderB]

Wull add to Huge HIGH RISK NVDA, NFLX CALL POSITIONS.... ALSO META etc. I may open new qqq & spy PUTS but above ES 5100, NQ 17750, while closing ES, NQ HEDGE SHORTS. BUT I PREFER TO DO THIS NEXT MONTH while preserving current high profits

[12SPX]

Slow start on Monday but doesn't really matter as the market is popping higher not surprisingly as has been mentioned that breadth was actually positive yet the market tanked at the close.  So it makes sense to see futures up about where the market should have only been down.  I also think we'll see a decent bounce this week at least for a few days but I'm sure volatility will remain.  Going to keep tight profit stops for the cash open though to see how the cash market opens as I think its better to do a little trend trading here and let it run a bit,  5021 and 17251....

[dTraderB]

Dougie Kass (@DougKass) posted at 5:40 PM on Sun, Apr 21, 2024:

Equities are now oversold. @seabreezelp Moved from net short to slightly net long on Friday. The S&P Short Range Oscillator is at -5.64%. Investors are now fearful.

https://t.co/d6o2d91dlland @realmoney https://t.co/LMGMwdV7hM @dougkass @tomkeene @ferrotv @lisaabramowicz1
(https://x.com/DougKa...1177211080?s=03)

[dTraderB]

Got to get this realtime... anyone had thid? Info?
"The S&P Short Range Oscillator is at -5.64%."

Dougie Kass (@DougKass) posted at 5:40 PM on Sun, Apr 21, 2024:

Equities are now oversold. @seabreezelp Moved from net short to slightly net long on Friday. The S&P Short Range Oscillator is at -5.64%. Investors are now fearful.

https://t.co/d6o2d91dlland @realmoney https://t.co/LMGMwdV7hM @dougkass @tomkeene @ferrotv @lisaabramowicz1
(https://x.com/DougKa...1177211080?s=03)

[dTraderB]

NQ long 17271.5

Edited by dTraderB, 22 April 2024 - 08:32 AM.

[12SPX]

Yes I'm pulling my profit stops I think now and let it run a bit see what happens when we get a bit higher...

[dTraderB]

Closed 17325

NQ long 17271.5