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10/14/2017 Weekend Update

PostPosted: Fri Oct 13, 2017 4:14 pm
by Cobra
SPY hasn't touched its weekly ema20 for 48 weeks, this is a new record. the previous record was 47 weeks. I think it has good chances to make another new record the next week.

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: 10/14/2017 Weekend Update

PostPosted: Fri Oct 13, 2017 4:19 pm
by Cobra
No stock picks for the next week. Here's the latest strong stocks count. surprisingly less strong stocks.
viewtopic.php?f=10&t=2647

Re: 10/14/2017 Weekend Update

PostPosted: Sat Oct 14, 2017 12:53 pm
by Trades with cats
This is a nice job of tearing apart a propaganda piece from Bloomberg. The sort of propaganda designed to pull the last of the suckers in as the big boys distribute their shares. And according to fund flows distribution is exactly what has been going on for the last several weeks.

Full disclosure I did take a grad school economics course from an actual card carrying libertarian. So I was trained to think that the cure for too much debt is not more debt.
https://www.theautomaticearth.com/2017/10/the-curious-case-of-missing-the-market-boom/

Re: 10/14/2017 Weekend Update

PostPosted: Sat Oct 14, 2017 2:05 pm
by Al_Dente
SECTOR WATCH
(You may need to be a stockcharts.com member to view this. I'm not sure.)
http://stockcharts.com/articles/sharedc ... cc=1100285

Re: 10/14/2017 Weekend Update

PostPosted: Sat Oct 14, 2017 4:30 pm
by Al_Dente

Re: 10/14/2017 Weekend Update

PostPosted: Sun Oct 15, 2017 9:30 am
by flrtrader
Al_Dente wrote:SECTOR WATCH
(You may need to be a stockcharts.com member to view this. I'm not sure.)
http://stockcharts.com/articles/sharedc ... cc=1100285



No open to all great information thank you!!

Best