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12/30/2017 Weekend Update

12/30/2017 Weekend Update

Postby Cobra » Fri Dec 29, 2017 5:38 pm

Happye new year everyone!

2017 is the year of record:

SPY never touched its weekly eam20 for 59 consecutive weeks. The previous record was 47 weeks.

4.png


Every single month of the year was up which has never happened for decades.

5.png


The reading is, it will need considerable efforts to bring the market down so bears will have to wait for months if not a year at least. That said it doesn't mean there'll be no pullback ahead. There will be, even could be the start of the new year, let's see.

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Re: 12/30/2017 Weekend Update

Postby Cobra » Fri Dec 29, 2017 5:45 pm

No weekly stock picks, here's the latest strong stocks count:
viewtopic.php?f=10&t=2723&p=248035#p248035

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Re: 12/30/2017 Weekend Update

Postby Al_Dente » Fri Dec 29, 2017 7:37 pm

2017:
$NDX +31.52%
$COMPQ +28.24%
$INDU +25.08%
XLY +22.82%
XLF +22.00%
XLV +21.77%
$SPX +19.42%
$TRAN +17.34%
$GOLD +13.68%
$RUT +13.14%
XLP +12.98%
$WTIC +12.47%
GDX +11.99%
$UTIL +9.67%
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Re: 12/30/2017 Weekend Update

Postby jademann » Sat Dec 30, 2017 3:57 pm

Hello again September 2007? Maybe.
Every single last bit of news including the tax plan is now fully priced in. Sell the news anyone?



Cobra wrote:Happye new year everyone!

2017 is the year of record:

SPY never touched its weekly eam20 for 59 consecutive weeks. The previous record was 47 weeks.

4.png


Every single month of the year was up which has never happened for decades.

5.png


The reading is, it will need considerable efforts to bring the market down so bears will have to wait for months if not a year at least. That said it doesn't mean there'll be no pullback ahead. There will be, even could be the start of the new year, let's see.
jademann
 
Posts: 459
Joined: Wed Aug 22, 2012 10:49 am


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