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06/01/2024 Weekend Update
06/01/2024 Weekend Update
Down 1 week, the next week has 61% chances to close up.
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Re: 06/01/2024 Weekend Update
Over the weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377
This is not investment or trade advice.
Re: 06/01/2024 Weekend Update
This is not investment or trade advice.
Re: 06/01/2024 Weekend Update
SPY daily.
Pullback to the EMA 20, where it finds some support. I personally view the candle for Friday as bullish, with some hammer action, and some marubozu finish.
The MACD and the Sto are bearish.
Key time. Could move back up towards the top. Could slip beneath the EMA 20, and head towards the EMA 50.
Very bullish engulfing candle, with very high volume.
I hold some ETFs long, and my bias is cautiously bullish. But I am mostly in cash.
Enjoy the rest of the weekend.
Pullback to the EMA 20, where it finds some support. I personally view the candle for Friday as bullish, with some hammer action, and some marubozu finish.
The MACD and the Sto are bearish.
Key time. Could move back up towards the top. Could slip beneath the EMA 20, and head towards the EMA 50.
Very bullish engulfing candle, with very high volume.
I hold some ETFs long, and my bias is cautiously bullish. But I am mostly in cash.
Enjoy the rest of the weekend.
Charts posted are not recommendations. They are just a sharing of information.
Re: 06/01/2024 Weekend Update
AFL. Aflac. Life Insurance.
Founded in 1955. HQ in Columbus, Georgia.
I've posted this stock on here 5 times, including today.
The most recent previous posting was in July of 2023.
For me it's fundamentals are favorable.
And I like its price action.
Three other stocks caught my attention today, but I will only post this one.
Just information, not recommending.
Founded in 1955. HQ in Columbus, Georgia.
I've posted this stock on here 5 times, including today.
The most recent previous posting was in July of 2023.
For me it's fundamentals are favorable.
And I like its price action.
Three other stocks caught my attention today, but I will only post this one.
Just information, not recommending.
Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan. The Aflac U.S. segment provides cancer, accident, short-term disability, critical illness, hospital indemnity, dental, vision, long-term care and disability, and term and whole life insurance products in the United States. It sells its products through sales associates, brokers, independent corporate agencies, individual agencies, and affiliated corporate agencies. Aflac Incorporated was founded in 1955 and is headquartered in Columbus, Georgia. Yahoo Finance
Charts posted are not recommendations. They are just a sharing of information.
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Trades w 2 Cats
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Re: 06/01/2024 Weekend Update
Missed all the excitement last week with obligations and travel.
Wave counters seeing a higher high before a very large move down. Not sure where we are at with the CTA's and Hedge Funds. But like the man said, you have to play what is in front of you and that was a nice impulse up. Need a small pullback to confirm a full 8 wave move then look to get on board. But this up move is to be rented, not owned as we are ready for the treasury to start crowding out the market as the very large needed borrowing is increasingly having to be born domestically.
I did look at franchise car dealerships as we drove by on I-5. Validated the comments on X, almost no bare asphalt, just long lines of shiny new trucks and cars waiting for buyers.
Wave counters seeing a higher high before a very large move down. Not sure where we are at with the CTA's and Hedge Funds. But like the man said, you have to play what is in front of you and that was a nice impulse up. Need a small pullback to confirm a full 8 wave move then look to get on board. But this up move is to be rented, not owned as we are ready for the treasury to start crowding out the market as the very large needed borrowing is increasingly having to be born domestically.
I did look at franchise car dealerships as we drove by on I-5. Validated the comments on X, almost no bare asphalt, just long lines of shiny new trucks and cars waiting for buyers.
Re: 06/01/2024 Weekend Update
Thank you, Cobra and board members.
koolblue's comments about "week of June 10th" and "low tuesday?" might coincide with the FOMC June meeting.
There were some recent chatters about Chair Powell and the Fed Cut Reflexivity Paradox:
The more the Fed insists that the next move in interest rates is a cut, the more financial conditions will ease,
making it more difficult for the Fed to cut, the more rates stay high longer.
koolblue's comments about "week of June 10th" and "low tuesday?" might coincide with the FOMC June meeting.
There were some recent chatters about Chair Powell and the Fed Cut Reflexivity Paradox:
The more the Fed insists that the next move in interest rates is a cut, the more financial conditions will ease,
making it more difficult for the Fed to cut, the more rates stay high longer.