Bonds staying green, and near their hod, after AM session weakness. They're rising along with stocks this past half hour.. so that argues against 'mandatory rebalancing' as a current factor effecting price. ..
Al_Dente wrote:Regarding that ETF return chart that I posted earlier:
If u sort by “return – 1 month”, u will find DGAZ up 140% on the month
Further trivia:
ETFs that were up more than 10% THIS MONTH are:
Short nat gas
Short oil and oil & gas
Short smalls, S&P, dow, QQQ, semis
LONG silver and gold and gold miners
Short China (yang)
Short emerging
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
2520ish or HOW (last week high) to take out Friday Calls before reversal for a bearish scenario, if no heavy selling after new weekly high (few points) bulls got a chance to flaten out until mid month for new money to come in.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Ho. Look at YEN. ETF FXY as proxy for yen vs. basket of currencies, note it testing its August high mark. Whereas UUP is sniffing at a 20day low. (Donchian sell signal-- based on his simple rule that every significant new 20day low is a sell signal.)
BullBear52x wrote:Candle Musing, well, this is not a bull friendly if park here today
nice chart boss
HAPPY NEW YEAR
Thank you, same to you and everyone in Snakeville.
I'd like to second that and wish everyone a happy new year! It's been fun hanging out with ya'll and look forward to it in 2019. A special thank you to Cobra for having us!!
Longer term views. Pretzel Logic commenting that we have had 5 waves down and three up. He is calling this up move a fourth wave of a larger third wave down. That pattern fits with 401K money as the 5th wave down could trigger early January leaving all that new cash for a large ABC correction in the up direction. Either a sucker rally or a move to new highs which can not yet be ruled out.
Alistair on twitter was pointing out that from the high of the year we have retraced to the Fib 38% level.
I would post some bullish opinions but I haven't seen any other than sell side analysts. At least Harknet at Merrill is saying the bad stuff happens in the first half then the market starts recovering. The futures markets are in agreement looking for the Fed to be cutting rates within two years.
As a day trader none of it makes a large difference, but the overall trend does tell you which side to take more of a risk on.
testing day high, key time. bulls feels strong though.
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