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09/30/2017 Weekend Update

09/30/2017 Weekend Update

Postby Cobra » Fri Sep 29, 2017 4:15 pm

SPY hasn't touched its weekly ema20 for 46 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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Re: 09/30/2017 Weekend Update

Postby Cobra » Fri Sep 29, 2017 4:21 pm

SPY has been up 11 months in a row now, a new record since the year 1994.
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Re: 09/30/2017 Weekend Update

Postby Cobra » Fri Sep 29, 2017 4:22 pm

please don't forget our weekly sentiment poll here: viewtopic.php?f=9&t=2630

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Re: 09/30/2017 Weekend Update

Postby Cobra » Fri Sep 29, 2017 4:25 pm

No weekly stock picks. Here's the latest strong stocks count:
viewtopic.php?f=10&t=2632

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Re: 09/30/2017 Weekend Update

Postby Al_Dente » Sun Oct 01, 2017 2:35 pm

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