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02/02/2019 Weekend Update

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Cobra
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02/02/2019 Weekend Update

Post by Cobra »

Up 1 week, 77% chances higher high ahead the next week so might still some up rooms...
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Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 02/02/2019 Weekend Update

Post by Al_Dente »

If SPX can continue see-sawing upward to eventually test her October high…
It would certainly be a “requirement” for an “all clear signal” to see the Advance Decline Line showing similar strength, without a negative divergence
Funny thing is that the AD Line on the SPX has already broken out, higher than its October high,
and the AD Line on the NDX is very nearly there too (albeit double top potential)
(see green circles)
THAT IS IMPRESSIVE
22ad line.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 02/02/2019 Weekend Update

Post by Al_Dente »

2_2 gross national debt.png.png
Our exploding debt is financed by the issuing of treasury securities, week after week.

“When that appetite … for US Treasury debt wanes, yields will rise because buyers will have to be lured into this market to absorb this flood of new securities on a weekly basis. But so far, so good – with the enormous appetite … pushing down the 10-year Treasury yield today [1/31/19] to 2.63%.”

So, who is buying all our debt?
https://wolfstreet.com/2019/01/31/who-b ... 12-months/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
alanrogger007
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Joined: Tue Feb 05, 2019 6:30 am

Re: 02/02/2019 Weekend Update

Post by alanrogger007 »

Really a nice post
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