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11/18/2017 Weekend Update

11/18/2017 Weekend Update

Postby Cobra » Fri Nov 17, 2017 5:11 pm

SPY hasn't touched its weekly ema20 for 53 weeks, this is a new record. the previous record 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.
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Re: 11/18/2017 Weekend Update

Postby Cobra » Fri Nov 17, 2017 5:13 pm

Statistics about SPY down 2 weeks in a row. The next week has 62% chances to close up.
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Re: 11/18/2017 Weekend Update

Postby Cobra » Fri Nov 17, 2017 5:17 pm

No stock picks for the next week. Here's the latest strong stocks count.
viewtopic.php?f=10&t=2682

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Re: 11/18/2017 Weekend Update

Postby Al_Dente » Fri Nov 17, 2017 8:59 pm

Best dow stock by far this year is Boeing, BA, up +73.16% YTD (it’s been on a tear since the election).
Compare that with SPY up +17% YTD, and QQQ +30.85% YTD (not shown here).

1117SAVE ba.png.png
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