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09/23/2017 Weekend Update

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Cobra
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09/23/2017 Weekend Update

Post by Cobra »

SPY hasn't touched its weekly ema20 for 45 weeks (2nd record since the year 1996. The champion was 47 weeks). It tells me 2 things:

Usually after a long time no touch, the very first touch would be bought as people finally can buy at 20 week average price. So bulls should have no worry for now.
No one can have no touch of moving average forever, so SPY should owe us a pullback.
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Cobra
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Re: 09/23/2017 Weekend Update

Post by Cobra »

please don't forget our weekly sentiment poll here: viewtopic.php?f=9&t=2622

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Cobra
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Re: 09/23/2017 Weekend Update

Post by Cobra »

No stock picks, here's the latest strong stocks count:
viewtopic.php?f=10&t=2624

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fehro
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Re: 09/23/2017 Weekend Update

Post by fehro »

FB Zuck expects to sell 35-75 million shares 18% of his holdings
https://www.bloomberg.com/news/articles ... ook-shares
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Al_Dente
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Re: 09/23/2017 Weekend Update

Post by Al_Dente »

ALMANAC
The last five days of Q3 [next week].
http://jeffhirsch.tumblr.com/post/16562 ... -down-7-of
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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