07/02/2022 Weekend Update

[Cobra]

Down 1 week, the next week has 60% chances to close up.

[te_fern]

Over the July 4 weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449374

[koolblue]

[koolblue]

[Al_Dente]

7/1
The Altanta Fed: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is
-2.1 percent on July 1, down from -1.0 percent on June 30.

From BofA: With the downward revisions to spending and weak spending data in May, we have revised down our 2Q GDP tracking by from 1.5% qoq saar to 0.0% qoq.

From Goldman: We left our Q2 GDP tracking estimate unchanged at +1.9% (qoq).

From Mish: "In the last three days the GDPNow forecast plunged from +0.7 percent to -2.1 percent, a net swing of 2.8 percentage points.
A Recession Has Clearly Started
https://mishtalk.com/economics/gdpnow-f ... ly-started

[Al_Dente]

VIX history by Tom Bowley
"... suggests that we're being given a signal of a rally ahead."
https://stockcharts.com/articles/tradin ... e-795.html

[Al_Dente]

Relative Strength vs SPY
ONE WEEK

[koolblue]

In summary, i expect this rally to fail... soon , then a marginal new low below 3639, then the big rally everybodys longer term indicators are calling for. As always be advised i could always be completely wrong!

[Al_Dente]

RISK BAROMETER
Everyone is below the 20ma, risk-off
But on higher lows, bullish potential
EXCEPTION IS SEMICONDUCTORS, lower low
Daily

https://stockcharts.com/public/1684859

[Al_Dente]

Same thing, different view
Semis are in gray on the bottom panel

[JFR]

SPY daily. Price action. It's been a tough market for 6 months. But there have been some possible plays, of a few days duration.

[JFR]

https://stockcharts.com/articles/tradin ... e-795.html

For about a dozen years, this trader has paid attention to the writings of Tom Bowley, at StockCharts. He is usually optimistic about the market, imo. I am neither optimistic nor pessimistic about the market; I just trade the charts, long or short, using a variable combination of time frames and indicators. Tom's most recent article was about the market and the VIX.

Excerpt ...

Edit: I see Pasta Boss referenced Bowley's article above.

[JFR]

The attachment July 22.png is no longer available

Your post mentioned H. W. Steele. A Google search brought me to mypivots.com, where you are prominently featured. Are you the owner of that website?

https://www.mypivots.com/
Emini Day Trading

https://www.mypivots.com/board/forum/26/14/kools-tools
Kools Tools

https://www.mypivots.com/board/topic/96 ... g-03-18-22
ES micro trading 03-18-22

https://www.mypivots.com/page/details/k ... 0Agreement
Kool's Tools User Agreement

Thanks for sharing your information, insight and hard work.

[Cobra]

$AAII bull - $AAII bear rebounded from the panic level just when the market may have started another leg down (maybe). Maybe not a good timing?

[koolblue]

July 22.png

Screenshot_20220703_183322.jpg

Your post mentioned H. W. Steele. A Google search brought me to mypivots.com, where you are prominently featured. Are you the owner of that website?

https://www.mypivots.com/
Emini Day Trading

https://www.mypivots.com/board/forum/26/14/kools-tools
Kools Tools

https://www.mypivots.com/board/topic/96 ... g-03-18-22
ES micro trading 03-18-22 omg,Jfr! Of course not! Iused to post there a lot years ago . (and here too) As far as HwSteele goes , thats something icame across years ago, and posted about it. Its not some kind of freakin advertisement. LOL

https://www.mypivots.com/page/details/k ... 0Agreement
Kool's Tools User Agreement

Thanks for sharing your information, insight and hard work.

[koolblue]

Omg,no! I used to post there years ago,and here . Anyway i ran into an article years ago on Hw Steele and posted about it for a while. Why would you think i owned that website? LOL (not affiliated with them or here, in any way!)

[koolblue]

Whats wierd is that a google search pulled up my stuff.. Kinda cool, but it tells me that no one else is aware of his stuff.

[Al_Dente]

RIBBON
MEDIUM TERM:
It's a bounce with a higher low, but PRICE must be above ALL ribbons to get a medium-term buy signal (green vertical lines)
[source: modified long ago from "Wishing Wealth"]

[JFR]

Omg,no! I used to post there years ago,and here . Anyway i ran into an article years ago on Hw Steele and posted about it for a while. Why would you think i owned that website? LOL (not affiliated with them or here, in any way!)

Your threads were all over the site.

Your Kool's Tools had a disclaimer, similar to the site disclaimer.

Kool's Tools had a User Agreement.

No other person seemed to be the owner. You seemed like the dominant personality over there.

Any enquiries are directed to mypivots.com. The ownership is not revealed.

That site has a paid advisory (for a fee).

It seems you stopped posting there around the time you resumed posting here. That site looked like it had become almost dormant (very little activity).

No worries. I had never heard of H W Steele.

[Al_Dente]

Income seekers claim they love dividend stocks; lets put them to the test.
Here is a performance chart YTD of some of the "dividend payers" ETFs

Turns out they are all outperforming SPY this year .... with SPHD and SPYD being the best performers.
While SPY is down -19.14% YTD (as of Friday's close), the best dividend performers, SPHD and SPYD, are +0.3% and -1.25% respectively

SPHD = S&P-500 high dividend low volatility ETF, average daily volume (over 60 days) is 2 million shares per day

SPYD = S&P-500 high dividend ETF, average daily volume (over 60 days) is 3.8 million shares per day.

Other dividend payers all have less than 1 million shares per day volume.

ps: THANKS JFR