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09/30/2017 Weekend Update

Posted: Fri Sep 29, 2017 4:15 pm
by Cobra
SPY hasn't touched its weekly ema20 for 46 weeks (2nd record since the year 1996. The champion was 47 weeks). It tells me 2 things:
  • 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 bulls should have no worry for now.
  • No one can have no touch of moving average forever, so SPY should owe us a pullback.

Re: 09/30/2017 Weekend Update

Posted: Fri Sep 29, 2017 4:21 pm
by Cobra
SPY has been up 11 months in a row now, a new record since the year 1994.

Re: 09/30/2017 Weekend Update

Posted: Fri Sep 29, 2017 4:22 pm
by Cobra
please don't forget our weekly sentiment poll here: viewtopic.php?f=9&t=2630

Re: 09/30/2017 Weekend Update

Posted: Fri Sep 29, 2017 4:25 pm
by Cobra
No weekly stock picks. Here's the latest strong stocks count:
viewtopic.php?f=10&t=2632

Re: 09/30/2017 Weekend Update

Posted: Sun Oct 01, 2017 2:35 pm
by Al_Dente