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06/06/2020 Weekend Update

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Cobra
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06/06/2020 Weekend Update

Post by Cobra »

Up 3 weeks in a row, 81% chances higher high ahead the next week, so bulls should be fine.
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marcueus3
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Re: 06/06/2020 Weekend Update

Post by marcueus3 »

Next week, it will be make or break for the bulls :) Two options market has right now, either holds those levels or we wil see 2000 points on spx next month :)
jademann
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Re: 06/06/2020 Weekend Update

Post by jademann »

My comments were dictated to me by homie the clown
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Al_Dente
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Re: 06/06/2020 Weekend Update

Post by Al_Dente »

RELATIVE STRENGTH, rotation, WEEKLY
Other than semis, note that Tech is far down on the list this week.
65rotate.png.png
Instead of whining that Tech is lagging, this guy [who has been right all year] continues to lean in on so-called “epicenter” companies, or stocks in consumer discretionary, industrials, and energy sectors that have been most beaten down to deliver the market to new highs.… he estimates the $5 trillion in money market dry powder will boost stocks further.
https://finance.yahoo.com/news/analyst- ... 46029.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 06/06/2020 Weekend Update

Post by Al_Dente »

"TYPICAL JUNE" (first posted last week)
Monday will be day six
https://jeffhirsch.tumblr.com/post/6192 ... nd-to-fade
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 06/06/2020 Weekend Update

Post by Cobra »

So the report was fake, what the next then?

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jademann
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Re: 06/06/2020 Weekend Update

Post by jademann »

Cobra, I dont know who is right or what it means. Ultimately I just see it as a very unworthy administration willing to do anything to keep power.
He has control and is willing to use anything, and that alone makes him dangerously unfit.
Last edited by jademann on Sun Jun 07, 2020 12:53 am, edited 3 times in total.
My comments were dictated to me by homie the clown
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Al_Dente
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Re: 06/06/2020 Weekend Update

Post by Al_Dente »

66sentiment.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
marcueus3
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Re: 06/06/2020 Weekend Update

Post by marcueus3 »

jademann wrote:Cobra, I dont know who is right or what it means. Ultimately I just see it as a very unworthy administration willing to do anything to keep power.
He has control and is willing to use anything, and that alone makes him dangerously unfit.
Trump is rich guy, and all he does is making SPX looks like it has to look :) They fake whole Covid-19 situation so faking some job data is nothing in comparison to it :)
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Cobra
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Re: 06/06/2020 Weekend Update

Post by Cobra »

jademann wrote:Cobra, I dont know who is right or what it means. Ultimately I just see it as a very unworthy administration willing to do anything to keep power.
He has control and is willing to use anything, and that alone makes him dangerously unfit.
In the end the unemployment rate still dropped comparing to that of April, so guess the stock market still can celebrate! :mrgreen:

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Heck
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Re: 06/06/2020 Weekend Update

Post by Heck »

4 Signal Watches DOWN DOWN DOWN DOWN

https://stockcharts.com/public/1684859/chartbook
Heck
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Re: 06/06/2020 Weekend Update

Post by Heck »

marcueus3 wrote:
jademann wrote:Cobra, I dont know who is right or what it means. Ultimately I just see it as a very unworthy administration willing to do anything to keep power.
He has control and is willing to use anything, and that alone makes him dangerously unfit.
Trump is rich guy, and all he does is making SPX looks like it has to look :) They fake whole Covid-19 situation so faking some job data is nothing in comparison to it :)
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Speaking of re-election

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https://www.youtube.com/watch?v=HA7sP47e8tA
Last edited by Heck on Sun Jun 07, 2020 1:54 pm, edited 4 times in total.
QED
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Re: 06/06/2020 Weekend Update

Post by QED »

jademann wrote:Cobra, I dont know who is right or what it means. Ultimately I just see it as a very unworthy administration willing to do anything to keep power.
He has control and is willing to use anything, and that alone makes him dangerously unfit.
1. Obama and Hillary weaponizing the Justice Department for political purposes was not a dangerous power grab and somehow made this country better?

2. The Democrats now running “Gropin’ Joe with Dementia” for president is not dangerous? WTF???
.
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Al_Dente
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Re: 06/06/2020 Weekend Update

Post by Al_Dente »

Nasdaq volume record high
Plus the blowout buy-to-open call volume I just posted from SentimenTrader.
It’s very unusual for “everybody” to be correct here.
Is everybody “all in” yet?
I quoted Tom Lee  earlier: “...estimates the $5 trillion in money market dry powder will boost stocks further... ”
So maybe we can pop a bit higher, but given these extremes, CONTRARIANS are reducing risk, as they know the bear is lurking nearby.
67comppng.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 06/06/2020 Weekend Update

Post by BullBear52x »

wrong board. I was checking out the TA but ran into politics forum. :(
My comments are for entertainment/educational purpose only. NOT a trade advice.
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BullBear52x
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Re: 06/06/2020 Weekend Update

Post by BullBear52x »

From It is what it is department" Bullish, this market is so bullish the way the chart show here we will be at ATH by last May :lol: Peace!
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1der
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Re: 06/06/2020 Weekend Update

Post by 1der »

BullBear52x wrote:wrong board. I was checking out the TA but ran into politics forum. :(
BB52 - yep, my link to Cobra's site was somehow mis-directed. Hope it gets back on track stat. :cry:

Interesting rising crescent pattern, not sure I have read about that one :lol: Maybe it is "ending diagonal $5T sickle" used to rip the guts out of horned four legged animals :o
jademann
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Re: 06/06/2020 Weekend Update

Post by jademann »

Apologies, I wasnt intending to bring politics here.
I was just trying to explain what I think is behind this very dysfunctional disorderly market, with gaps and enormous index swings everywhere, which is great if you on the right side of the trade.
However shorts make a market also.
The proof of this will be how the market and valuations change immediately after the election, and how much debt each person in the USA will have to shoulder going forward as a result.
My comments were dictated to me by homie the clown
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JFR
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Re: 06/06/2020 Weekend Update

Post by JFR »

"Please limit your topic to trade related only." -- cobramarketview
BullBear52x wrote:wrong board. I was checking out the TA but ran into politics forum. :(
I entered to post some TA about ES futures and Forex. Nope. Gonna wait until tomorrow.
Charts posted are not recommendations. They are just a sharing of information.
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