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05/11/2019 Weekend Update

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Cobra
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05/11/2019 Weekend Update

Post by Cobra »

Down 1 week, the next week has 63% chances to close up.
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Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/11/2019 Weekend Update

Post by Al_Dente »

5/10 Nomura: The closing out of long positions will continue until the index has been brought down to 2,820 or even 2,800.
“What happens in global equity markets from here may depend largely on what transpires in the US-China talks, but the present sell-off can arguably be explained by the changes in supply-demand suggested by historical [GLOBAL] sentiment patterns.”
…while global stocks can be expected to stage a rebound soon [maybe next week] as a sort of velocity adjustment, we would then expect another stock market retrenchment [decline] towards the end of the month…
[Anybody have a symbol for tracking GLOBAL sentiment?]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/11/2019 Weekend Update

Post by BullBear52x »

From "It is what it is department" Daily buy the dip triggered Friday.(RSI>30).
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For bears, Hourly is only friend. I see a level 2900 as a battle zone.
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Another key internal to note is $VIX, closed right at 16. a panic buying at 23 shows the dip buying is live and well. (very fearful and over sold at or above 23, blood on a street level) going into next week, a buy on this market will continue if $VIX is less than 16. I will pay attention to $VIX movement closely for day trade guide. keep it simple and Trade well, Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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Al_Dente
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Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/11/2019 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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