11/14/2020 Weekend Update

[Cobra]

Up 2 weeks in a row, the next week has 76% chances to make a higher high so sounds like bulls are fine.

[Al_Dente]

Performance of The Big Five (the top five holdings in SPY), YEAR-TO-DATE
With SPY in purple/dash ... just for comparison

[JFR]

SPY daily. Up 4.89 on the day. Marubozu (with small shadows). Well above the EMA 20. Within the magnetic pull of the high?

[Al_Dente]

Interesting chart from Tommy Thornton, the guy that counts Demark Signals.
Omnibus, Sectors. He rarely aggregates them all together.
You can see many/most sectors hit the 9 Demark Signal, some at 13 which is the apex signal.
His comment, not shown here, is: “Major sector ETF's are also seeing some upside DeMark sell signals starting to appear.”

https://stockcharts.com/public/1684859

[BullBear52x]

Anyone having fun using this stockcharts.com interactive chart? I finally got time to it, just need to hear some input, good and bad.

[BullBear52x]

Are we that bullish fundamentally that we will just gap up and hope everything just sounds ? I don't.

[BullBear52x]

From "It is what it is department"Confusing week, a failed gaped up on Monday seemed to lock in the top until Friday the Gap up and Go put everything back to What now???, Key focus is Only Price Pays. The Big picture, we are in the box of Buy Lo/Sell Hi. it is critical junction of "to be or not to be?"

Price action for the week as I noted on my chart, Friday ruined the bearish hope, the bears are not so sure now if the power that will let it go but if we look at the week gaped up on Monday, the Friday closed is not all that impressive, we are at gap open of the week, that leave us with a doji, indecision at best for buyers.

Short term swing is bullish, Trend is up and regain back above 5 DMA again. I am bullish short term as long as we can trade above Friday's high and not bearish until we trade back under 5 DMA. I will let the price action lead me in a coming week. Trade well, Peace!

[JFR]

Anyone having fun using this stockcharts.com interactive chart? I finally got time to it, just need to hear some input, good and bad.

OMG. Groan. Now you've done it. It got my attention. A new toy. A little bit intimidating at first glance. THE BUTTONS! So many buttons. A learning curve. Gawd. But ... hmmmm. What if it works. Live updates? Multi charts? Worth some time investigating, methinks. But, wait a minute. I get all the live charts I need from NinjaTrader and of course a million varieties of updateable charts from StockCharts. First question I ask myself: How do you get 8 charts on a page? There must be a video. Ah yes, rescued by a video. LOL

See what you have done, BB52. You put a teaser out there. Ha ha

I will explore it at some time. Not just now. No. I'm too busy.

[JFR]

OK. It is interesting. Looks like StockCharts is trying to compete with TOS and NinjaTrader. What if you have 3 monitors? Can you put one of these megachart pages on each? Ha ha

See what you have done, BB52. You put a new toy in front of people, many of whom are kind of obsessed by charts. Gawd.

We will see if it flies. It might have potential. I think I will stay with NinjaTrader and TOS for the time being. Nothing fancy so far with this new toy. Getting my training wheels for it soon.

[JFR]

Yup. It allows multiple pages open. "Real-time streaming" ... That is good.

[te_fern]

Sorry, I'm a little slow, how do you get to these multiple charts??

[BullBear52x]

It's fun, another tool in the tool box, very easy to transfer your chart from your SharpCharts's chart book to ACP Chart. it can be view up to 9 windows. I can see the use of it but still behind TOS platform. for most traders will be plenty, here is my 5 charts view, with this setup it will be plenty of info to day trade.

te_fern, go to ACP chart under your dashboard

[te_fern]

I guess I need to watch the video, it keeps bringing up the DOW.... LOL!