Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
BA, the #1 heaviest weighted stock in the dow (8.45% of the dow), is at another ATH and
is singlehandedly responsible for roughly 55 points of the dow’s gain today
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
“Analysts are ratcheting up their forecasts for U.S. corporate profits at the fastest pace in more than 10 years… in the past such bullish analyst sentiment has served as a precursor to a market decline.” https://www.bloomberg.com/news/articles ... ock-market
[pasta here: usually they lower earnings estimates, making it easier for companies to “beat”]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Since Jan 3, NY volume at the close (where it really counts) has spiked green (top panel, green boxes), while the NY number of issues advancing went from 2000 stocks to below 1000 stocks advancing and is now 1338 stocks (bottom panel)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
As a long time member and mostly viewer of Cobra's posts who has lost a few $$ in this melt up, I do appreciate Cobra's "tell it like it is" comments (e.g. "I think this market is crazy"). It actually made me chuckle even as my stops are hit (again)...
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
take a nibble short here SPX 2756.75 not sure mind SPY morning gap, Wed options tomorrow.. may crush them late today, or gap down.. sounds crazy VIX trying to stay green.. /CL closes here too at huge spike up
SMALLS made another ATH today
Yet the short-term ROTATION chart shows that smalls are still weaker than large caps (top panel)
Hence, it's a large cap rally
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.