3 replies to this topic

[redfoliage2]

Market is closing at the HOD and this looks like a setup for a post Labor Day rally next week.

[ogm]

Market is closing at the HOD and this looks like a setup for a post Labor Day rally next week.

Very favorable seasonality next few days. 6 days of strength.

A lot of stocks have now gone into a very positive momentum setup.

This weekend every fund manager will be scrambling to pick sold out stocks for the end of the year rally.

This thing is far from over....

[Trend-Signals]

Very favorable seasonality next few days. 6 days of strength.

A lot of stocks have now gone into a very positive momentum setup.

This weekend every fund manager will be scrambling to pick sold out stocks for the end of the year rally.

This thing is far from over....

The close formations look discouraging as Qs and Nas are showing doji/morning star.... furthermore, Qs is showing at the moment, perfect double top with 49.06

http://www.stockcharts.com/c-sc/sc?s=QQQQ&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.pnghttp://www.stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.png
http://www.stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.pnghttp://www.stockcharts.com/c-sc/sc?s=SPY&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.png
http://www.stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.pnghttp://www.stockcharts.com/c-sc/sc?s=DIA&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.pnghttp://www.stockcharts.com/c-sc/sc?s=SMH&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.png
http://www.stockcharts.com/c-sc/sc?s=$NYA&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.pnghttp://www.stockcharts.com/c-sc/sc?s=$XAX&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.png
http://www.stockcharts.com/c-sc/sc?s=$MID&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.pnghttp://www.stockcharts.com/c-sc/sc?s=MDY&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.png
http://www.stockcharts.com/c-sc/sc?s=$RUT&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.pnghttp://www.stockcharts.com/c-sc/sc?s=IWM&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.png
http://www.stockcharts.com/c-sc/sc?s=$BKX&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.pnghttp://www.stockcharts.com/c-sc/sc?s=XLF&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.png
http://www.stockcharts.com/c-sc/sc?s=$TRAN&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.pnghttp://www.stockcharts.com/c-sc/sc?s=XLE&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.png
http://www.stockcharts.com/c-sc/sc?s=$TNX&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.pnghttp://www.stockcharts.com/c-sc/sc?s=$USD&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.png
http://www.stockcharts.com/c-sc/sc?s=$GOLD&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.pnghttp://www.stockcharts.com/c-sc/sc?s=GLD&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.png
http://www.stockcharts.com/c-sc/sc?s=$WTIC&p=D&yr=0&mn=3&dy=19&i=p34681712810&a=113442137&r=301.png[img]http://www.stockcharts.com/c-sc/sc?s=USO&p=D&yr=0&mn=3&dy=19&i=p34681712810&a

All day waited ... but price print is like torturing

I see why short is called short, Shorts are getting fortune in a very short time.

Longs have to steam for months for a few weeks of shorts' profit.


Anyway, need to be thankful for all things.... I guess.

Have a nice weekend

[Sentient Being]

I'd show a chart but I have to run to work, no time. I've moved my QQQQ stop to the positive, it's not much but it's something now. The SPY stop is still negative. I'm glad to see SPY above the 200 day simple moving average. As trend-signals noted....it's not a very positive looking price formation there today for SPY.