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12/30/2017 Weekend Update

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Cobra
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12/30/2017 Weekend Update

Post by Cobra »

Happye new year everyone!

2017 is the year of record:

SPY never touched its weekly eam20 for 59 consecutive weeks. The previous record was 47 weeks.
4.png
Every single month of the year was up which has never happened for decades.
5.png
The reading is, it will need considerable efforts to bring the market down so bears will have to wait for months if not a year at least. That said it doesn't mean there'll be no pullback ahead. There will be, even could be the start of the new year, let's see.

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Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/30/2017 Weekend Update

Post by Cobra »

No weekly stock picks, here's the latest strong stocks count:
viewtopic.php?f=10&t=2723&p=248035#p248035

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Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 12/30/2017 Weekend Update

Post by Al_Dente »

2017:
$NDX +31.52%
$COMPQ +28.24%
$INDU +25.08%
XLY +22.82%
XLF +22.00%
XLV +21.77%
$SPX +19.42%
$TRAN +17.34%
$GOLD +13.68%
$RUT +13.14%
XLP +12.98%
$WTIC +12.47%
GDX +11.99%
$UTIL +9.67%
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
jademann
Posts: 1032
Joined: Wed Aug 22, 2012 10:49 am

Re: 12/30/2017 Weekend Update

Post by jademann »

Hello again September 2007? Maybe.
Every single last bit of news including the tax plan is now fully priced in. Sell the news anyone?


Cobra wrote:Happye new year everyone!

2017 is the year of record:

SPY never touched its weekly eam20 for 59 consecutive weeks. The previous record was 47 weeks.
4.png
Every single month of the year was up which has never happened for decades.
5.png
The reading is, it will need considerable efforts to bring the market down so bears will have to wait for months if not a year at least. That said it doesn't mean there'll be no pullback ahead. There will be, even could be the start of the new year, let's see.
My comments were dictated to me by homie the clown
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