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12/30/2017 Weekend Update
Posted: Fri Dec 29, 2017 5:38 pm
by Cobra
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.
Every single month of the year was up which has never happened for decades.
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.
Re: 12/30/2017 Weekend Update
Posted: Fri Dec 29, 2017 5:45 pm
by Cobra
No weekly stock picks, here's the latest strong stocks count:
viewtopic.php?f=10&t=2723&p=248035#p248035
Re: 12/30/2017 Weekend Update
Posted: Fri Dec 29, 2017 7:37 pm
by Al_Dente
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%
Re: 12/30/2017 Weekend Update
Posted: Sat Dec 30, 2017 3:57 pm
by jademann
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.