Jump to content



Photo

SQUEEZE on SHORTS - seasonally bearish MAY


  • Please log in to reply
241 replies to this topic

#11 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,905 posts

Posted 01 May 2023 - 08:07 AM

Uber one more attempt at the Long Term turn near 30...

 

Earnings tomorrow morning....if above 32 after that, the big revenue jumps may finally start to be reflected in price.

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#12 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,679 posts

Posted 01 May 2023 - 08:13 AM

New BULL MARKET called here weeks ago!

Ned Davis Research (@NDR_Research) tweeted at 8:58 AM on Mon, May 01, 2023:
Is a bull market brewing? Chief U.S. Strategist, @edclissold at @NDR_research on @CNBCClosingBell.

CNBC's Closing Bell (@CNBCClosingBell) tweeted at 3:49 PM on Fri, Apr 28, 2023:
"We're most likely in a bull market, even though we haven't made a technical definition of one," says @edclissold https://t.co/3Na8peQraF

#13 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,679 posts

Posted 01 May 2023 - 08:19 AM

yeah. NASDAQ SUMMATION INDEX LOWER HIGH, SO FAR

 

WEDNESDAY TO FRIDAY THIS WEEK MOST IMPORTANT 3-DAY PERIOD:

FED

AAPL EARNINGS

APRIL NFP PAYROLL

https://www.marketin...summation-index

 

 

McOsc back above zero

https://www.mcoscill...t_breadth_data/
 

Tom McClellan (@McClellanOsc) tweeted at 10:33 AM on Sat, Apr 29, 2023:

The drop in the VIX Index on Friday took it well below its distant month futures, which actually rose, widening this spread.

https://t.co/TmZ5M1njlR

 

What I am on the watch for now is summations taking out last swing high....would be hard to interpret that as anything other than bullish should it occur soon.

 

Would then REALLY start to look like the Shake It before you Bake It action last week.

 

https://stockcharts....id=p83733137120

https://stockcharts....id=p44465978337

 

 

If bears are gonna keep it, they need to keep bulls from gettin' a fresh breadth of air....

 



#14 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,905 posts

Posted 01 May 2023 - 08:21 AM

New BULL MARKET called here weeks ago!

Ned Davis Research (@NDR_Research) tweeted at 8:58 AM on Mon, May 01, 2023:
Is a bull market brewing? Chief U.S. Strategist, @edclissold at @NDR_research on @CNBCClosingBell.

CNBC's Closing Bell (@CNBCClosingBell) tweeted at 3:49 PM on Fri, Apr 28, 2023:
"We're most likely in a bull market, even though we haven't made a technical definition of one," says @edclissold https://t.co/3Na8peQraF

Rusty 1800 is the tell now....if bulls get it back, bears could be in trouble, especially should it come out of last week's hole with guns blazin'

 

Until Rusty IS above 1800, bulls have nothing....but that may not be for much longer....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#15 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,905 posts

Posted 01 May 2023 - 08:26 AM

Could be just about moment of truth time on GS

 

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#16 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,905 posts

Posted 01 May 2023 - 08:27 AM

Rusty hourly....BIG area 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

 

 


#17 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,212 posts

Posted 01 May 2023 - 08:30 AM

Guess I'll never get how a person can call a down market a bull, guess its to attract buyers.  Don't get me wrong I do believe if a person is going to buy you want to buy at lows like I did on 09 at 667 right after Mark Haines declared it a "bottom"but I still believe a true bull market is when the market makes new all time highs and leaves the old one far behind.  So far were so far away from new highs and the market is figuring out its true next direction, I'll stick to my grind belief with an average short of 4145 now.  We've only been up for two days past everyone saying we were headed lower lol!!  Market is overbought, very expensive with a slowing economy, bond yields are high, sentiment way to bullish according to volatility and call prices are insanely bullish so we'll see how this week ends...



#18 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,905 posts

Posted 01 May 2023 - 08:34 AM

JPM still not so bearish looking....

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#19 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,905 posts

Posted 01 May 2023 - 08:36 AM

Starting  to look like liftoff out of absolutely MASSIVE bull flag over in Japan...

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#20 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,905 posts

Posted 01 May 2023 - 08:38 AM

RUT cash 5 min line could be for ALL the marbles now....

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy