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Pasta is the one who’s always complaining about “not enough new highs”
Well, Friday new highs on the NYSE hit 396 (bottom panel)
Last time it was higher was roughly 490 on 8 dec 2017 in the aftermath of the election euphoria.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Today a couple of favorites hit 3-standard deviations above their 50ma. Extreme.
NDX
COMPQ
XLV HEALTH
OLD POST:
I’ve been watching every day to see who is hitting my most extreme reading which is 3-standard deviations above the 50ma.
I’m posting this chart to show you that I DON’T SEE THE EXTREMES I’M LOOKING FOR YET...
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Anyone who doubts the power of magic numbers we just bounced on Friday's VWAP which, based on yesterday's futures market was today's S3 pivot. We did bounce twice earlier today on the S1. Just sayin.
Trades with cats wrote:Anyone who doubts the power of magic numbers we just bounced on Friday's VWAP which, based on yesterday's futures market was today's S3 pivot. We did bounce twice earlier today on the S1. Just sayin.
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GOLD MINERS TRIVIA:
Note that the junior miners JNUG (3x) average daily volume is ~10 million shares,
while the miners NUGT (3x) average daily volume is ~5 million,
compared to the avg daily vol in GDX (1x) which is ~33 million DEPENDING ON YOUR TIMEFRAME, JNUG often outperforms NUGT
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.