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07/01/2017 Weekend Update

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Cobra
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07/01/2017 Weekend Update

Post by Cobra »

The institutional buying and selling chart from stocktiming shows more accumulation than distribution, so a few weeks of more accumulation and a few weeks of more distribution, to me it just argues a range market.
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Cobra
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Re: 07/01/2017 Weekend Update

Post by Cobra »

don't forget our weekly sentiment poll here: viewtopic.php?f=9&t=2521

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Cobra
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Re: 07/01/2017 Weekend Update

Post by Cobra »

No stock picks for the next week. Here's the latest strong stock count:
viewtopic.php?f=10&t=2523

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Al_Dente
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Re: 07/01/2017 Weekend Update

Post by Al_Dente »

This is the official calendar from House Majority Leader Kevin McCarthy.
The House of Representatives will only be in session for 147 days in 2017. They have 218 days off this year, including the entire month of August. :roll:
house calendar.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 07/01/2017 Weekend Update

Post by Al_Dente »

Historically, THE DOW and SEMICONDUCTORS and SMALL CAPS have been known as “leaders”.
Circles here just describe if they are currently above or below their bb centerlines 20ma
630leaders.png
Eventually, when the markets mean-revert, will these leaders lead down?
Just for fun, let’s see who signaled down first at the BIG TOP in October 2007
NO I am not suggesting a crash, quite the contrary, this is just a very selective study of the so-called “leaders” at a key time
As far as I can see, by the time the big top hit in October 2007, the following were already signaling DOWN,
all via negative divergences: XLF, $RUT, $SOX and maybe $TRAN
The dow $INDU and the nasdaq $COMPQ both made new highs
To repeat: the dow $INDU, the so-called “leader”, DID NOT LEAD DOWN, big mistake
Anyway, “this time will probably be different.”
630sectors 2008.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 07/01/2017 Weekend Update

Post by Al_Dente »

heat map ONE WEEK PERFORMANCE
[edit: few days ago it was reported that Buffett was now BAC's biggest shareholder]
71heat 1 wk.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 07/01/2017 Weekend Update

Post by Al_Dente »

Art Hill’s seasonality table shows July August September odds
(I see anything slightly above/below 50% odds as “coin-toss” months)
http://stockcharts.com/articles/chartwa ... ummer.html

And here is the Bespoke view of seasonality. July is the thick red line [posted 6/30/17]
https://pbs.twimg.com/media/DDl1vWeXsAU_Yhk.jpg

Bespoke data favors bulls NEXT WEEK
“July 4th has typically been a positive week for equities, especially after a strong first half.”

https://pbs.twimg.com/media/DDlF6dYVoAANBUP.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 07/01/2017 Weekend Update

Post by Al_Dente »

85.7% chance of S&P 500 gains on July 3
[Almanac]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
tsf
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Re: 07/01/2017 Weekend Update

Post by tsf »

Source: @MrTopStep https://mrtopstep.com/big-pharma-turns- ... igns-deal/

Big pharma turns to AI to speed drug discovery, GSK signs deal
Saturday, July 1, 2017 ReutersNews, stream

LONDON (Reuters) – The world’s leading drug companies are turning to artificial intelligence to improve the hit-and-miss business of finding new medicines,
with GlaxoSmithKline unveiling a new $43 million deal in the field on Sunday July 2, 2017.
te_fern
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Re: 07/01/2017 Weekend Update

Post by te_fern »

Pasta Boss, near the end of Friday I noted the calculation for the dow. I don't know if you saw it..
This is not investment or trade advice.
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Al_Dente
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Re: 07/01/2017 Weekend Update

Post by Al_Dente »

te_fern wrote:Pasta Boss, near the end of Friday I noted the calculation for the dow. I don't know if you saw it..
got it, thanks boss :D
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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