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09/30/2017 Weekend Update

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Cobra
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09/30/2017 Weekend Update

Post by Cobra »

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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Cobra
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Re: 09/30/2017 Weekend Update

Post by Cobra »

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

Post by Cobra »

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

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Cobra
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Re: 09/30/2017 Weekend Update

Post by Cobra »

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

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Al_Dente
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Re: 09/30/2017 Weekend Update

Post by Al_Dente »

Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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