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11/21/2020 Weekend Update

PostPosted: Fri Nov 20, 2020 6:10 pm
by Cobra
Down 1 week, the next week has 61% chances to close up.

Re: 11/21/2020 Weekend Update

PostPosted: Fri Nov 20, 2020 7:28 pm
by Al_Dente
SECTOR ROTATION, Relative Strength, on the WEEK
1120ROTATION.PNG.jpg


Straight WEEKLY performance of the eleven sectors
1120SEC.PNG.jpg

Re: 11/21/2020 Weekend Update

PostPosted: Sat Nov 21, 2020 1:55 pm
by Al_Dente
Bottom Panel:
There are 87.78% of stocks above their 200ma
That’s more than there were in January just before the crash-ette
1121percent above 200.png.jpg

Re: 11/21/2020 Weekend Update

PostPosted: Sat Nov 21, 2020 1:59 pm
by Cobra
$AAII bull - $AAII bear shows retailers are less optimistic, but there're some chances the stock market high was in! Guess we'll know as early as the next week.

Re: 11/21/2020 Weekend Update

PostPosted: Sat Nov 21, 2020 3:06 pm
by Al_Dente
In fact, the last times we hit 90% percent above 200ma were 2009, 2010, 2013, 2014, when the market remained overextended for quite a while (month/s) before it declined. Most of the corrections were fairly shallow, but a couple shaved 18-21% off the SPX.
This chart is 2009-2015
1121 percent earlier.png.jpg

Re: 11/21/2020 Weekend Update

PostPosted: Sat Nov 21, 2020 6:04 pm
by Al_Dente
The G20 agreed to do something about stuff:
https://www.reuters.com/article/g20-sau ... SL1N2I70KR

Reminds me of DAVOS, where they meet annually and chat about the necessity of closing the gap between the 10/90% while feasting on
caviar and foie gras... and the strip-mining of the bottom 90% continues.

HEADLINE OF THE YEAR/DECADE:
“A staggering percentage of American citizens are precariats living paycheck to paycheck, the ALICE Americans.”

Definition: precariats: people whose employment and income are insecure, especially when considered as a class.
"Most of those in the precariat are just trying to create a meaningful life for themselves."

Definition: ALICE: an acronym for "Asset Limited, Income Constrained, Employed", is a new way of defining and understanding the struggles of households that earn above the Federal Poverty Level, but not enough to afford a bare-bones household budget. For far too many families, the cost of living outpaces what they earn.

Re: 11/21/2020 Weekend Update

PostPosted: Sun Nov 22, 2020 2:02 am
by Cobra
Al_Dente wrote:In fact, the last times we hit 90% percent above 200ma were 2009, 2010, 2013, 2014, when the market remained overextended for quite a while (month/s) before it declined. Most of the corrections were fairly shallow, but a couple shaved 18-21% off the SPX.
This chart is 2009-2015
1121 percent earlier.png.jpg


OK, but we're still 3%- shy of 90% :mrgreen:

Re: 11/21/2020 Weekend Update

PostPosted: Sun Nov 22, 2020 4:31 pm
by BullBear52x
From: "It is what it is Department" Buy Lo sell Hi is still in play, market is in a bullish consolidation phase. Key focus Failed gap breakout. for two weeks we are still in a range bound market.
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Gap attempted to jump out to new ATH failed to hold up, twice so far. until we trade back above 3590-3600 for bulls to regain a control on the up trend, for now, it's a failed attempt.
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Short term swing setup, trend is up, now back under 5 DMA again, slightly bearish but no LL to suggest trend has changed. we are in a consolidation phase, same playbook on my side, intraday sell the rip under 5 DMA. keep it simple, Peace!
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