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09/09/2017 Weekend Update

PostPosted: Fri Sep 08, 2017 4:20 pm
by Cobra
SPY hasn't touched its weekly ema20 for long long time (2nd record long time since the year 1994). Usually after a long time no touch, the very first touch would be bought as people finally can buy at 20 week average price. So, I mean, maybe the market is about to rollover (I don't know, just a feeling), but bulls should be fine if indeed the rollover happens.

Re: 09/09/2017 Weekend Update

PostPosted: Fri Sep 08, 2017 4:23 pm
by Cobra
Except SSEC which is now in uptrend, the DAX, FTSE and TSX, all look like making a bull flag so nothing to worry, well, at least yet.

Re: 09/09/2017 Weekend Update

PostPosted: Fri Sep 08, 2017 4:24 pm
by Cobra
please don't forget our weekly sentiment poll here: viewtopic.php?f=9&t=2604

Re: 09/09/2017 Weekend Update

PostPosted: Fri Sep 08, 2017 4:31 pm
by Cobra
No stock picks for the next week. Here's the latest strong stocks count. improving, but I need see a trend
viewtopic.php?f=10&t=2606&p=244688#p244688

Re: 09/09/2017 Weekend Update

PostPosted: Sun Sep 10, 2017 3:32 am
by TraderJoe
Somebody is really bullish on silver. Somebody bought 19,500 contracts of the January 2019 $25 LEAP calls on the SLV ETF. The trade went off at 47 cents or roughly $916,500. With the ETF at $17 today, that would take a 50% rally to end in the money in 2019.