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This just in:
RBC: "recent 13Fs show us that ‘long portfolios’ are VERY HIGH BETA: they will overshoot on upside moves and overshoot on drawdowns too."
Well ok but here are my high-beta measures:
And BofA’s POTUS Ratio, on the same scale
(Both charts Daily)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
It's as you observed yesterday, Cobra da, there is rarely more than one down leg. Even intraday there have been few classic A-B-C two legged reactions. This is a very resilient market, with rotation happening more than contraction.
It has the toppy feeling of few bids pushing up price, but no rabid desire to exit positions either. So it drifts in the direction of the longer term MAs.
looks like bears were over again. only one legged bear nowadays.
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Al_Dente wrote:NY declining stocks = 1.0 x advancing stocks
NY declining volume = 1.5 x advancing volume
Bears had a good edge just a few short minutes ago, and they gave it away to Mr. Chop
NY declining stocks = 1.8 x advancing stocks
NY declining volume = 2.6 x advancing volume
NY declining stocks = 0.8 x advancing stocks
NY declining volume = 1.0 x advancing volume
*** bunch **** of **** wussies ****
Last edited by Al_Dente on Tue Apr 11, 2017 1:14 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.