03/30/2019 Weekend Update

[Cobra]

Up 1 week means 78% chances higher high ahead the next week.

[Al_Dente]

Almanac:
April is DJIA’s Best Month
http://jeffhirsch.tumblr.com/post/18361 ... best-month

[Al_Dente]

"First Trading Day of Q2: DJIA and S&P 500 Higher 75% of the Time"
http://jeffhirsch.tumblr.com/post/18380 ... 500-higher

[BullBear52x]

From ""It is what it is Department" Seems like we all see the same thing in a short term trend change to positive. I will not question this pattern, but to be bullish short term and dip will be bought.

The dip buying could be lower low until it failed will new sell setup were to be called. for now find excuse to buy dip.( 61.8% or Dip RSI < 30) Peace!

[BullBear52x]

Friday intraday demonstrated what to come on bigger time frame? common chart pattern.

[Al_Dente]

Intel layoffs
http://fortune.com/2019/03/29/intel-lay ... egon-2019/

Oracle Layoffs
https://www.crn.com/news/cloud/hundreds ... -regulator

Paypal, Oracle and SAP America layoffs
"...you have to keep this in perspective, there are 1.5 million people working in Silicon Valley and about 40 percent of those jobs, even more, are tech jobs. Tech companies are constantly upsizing, downsizing, pivoting, moving into new markets, moving out of old markets, this is actually fully to be expected.”
https://sanfrancisco.cbslocal.com/2019/ ... employees/

[BullBear52x]

Intel layoffs
http://fortune.com/2019/03/29/intel-lay ... egon-2019/

Oracle Layoffs
https://www.crn.com/news/cloud/hundreds ... -regulator

Paypal, Oracle and SAP America layoffs
"...you have to keep this in perspective, there are 1.5 million people working in Silicon Valley and about 40 percent of those jobs, even more, are tech jobs. Tech companies are constantly upsizing, downsizing, pivoting, moving into new markets, moving out of old markets, this is actually fully to be expected.”
https://sanfrancisco.cbslocal.com/2019/ ... employees/

good info, there will be no recession without layoffs. need to see more layoffs for the reason of cost cutting then the recession is on the way. Thanks boss.

[Al_Dente]

good info, there will be no recession without layoffs. need to see more layoffs for the reason of cost cutting then the recession is on the way. Thanks boss.

ELSEWHERE:
This may not interest to you as u are in the SPX futures market, and this is the cash market,
but this rattled my cage:
Last 20 days % difference between leveraged tech (black) and leveraged smalls (cyan)