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07/31/2021 Weekend Update

07/31/2021 Weekend Update

Postby Cobra » Fri Jul 30, 2021 4:37 pm

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

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Re: 07/31/2021 Weekend Update

Postby Al_Dente » Sat Jul 31, 2021 12:50 pm

The Eleven Sectors
Daily, 20/50ma, RSI-5
ELEVEN SECT731.png.jpg
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Re: 07/31/2021 Weekend Update

Postby Al_Dente » Sat Jul 31, 2021 3:06 pm

LONG TERM
MONTHLY CHART EOM
These are the favored MA signals on the MONTHLY (I use 12sma cyan)
Meb Faber favors the 10sma pink
Bulkowski favors the 12sma cyan
Ned Davis favors the 3/10 cross
Louise Yamada favors the 10/20 sma cross
UBS= break below 32ma (dash black), hard long-term stop

Top panel: SPX hasn’t been this far above the 12sma MONTHLY in 20+ years (this chart is 15 years)
We’ve been overextended all year, as you all know
731month.png.jpg
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Re: 07/31/2021 Weekend Update

Postby Al_Dente » Sat Jul 31, 2021 3:15 pm

Shot across the bow
AMZN
731amzn.png.jpg
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Re: 07/31/2021 Weekend Update

Postby Al_Dente » Sat Jul 31, 2021 3:23 pm

"Amazon Stock Meltdown Costs Jeff Bezos (And You) $130 Billion"
https://www.investors.com/etfs-and-fund ... 0-billion/
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Re: 07/31/2021 Weekend Update

Postby Cobra » Sat Jul 31, 2021 6:24 pm

$AAII Bull - $AAII Bear up a little but far from extreme yet so no biggy.
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Re: 07/31/2021 Weekend Update

Postby JFR » Sat Jul 31, 2021 11:02 pm

SPY daily. PnF. The longer term, slow-moving freighter is still grinding up.


Screenshot_20210731_200008.jpg
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Re: 07/31/2021 Weekend Update

Postby JFR » Sun Aug 01, 2021 12:50 am

SPY daily. Candlesticks. In a range, waiting for a breakout. Pause at the top.


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Re: 07/31/2021 Weekend Update

Postby Cobra » Sun Aug 01, 2021 10:37 am

Al Brooks claims up 6 month in a row has not happened in 10 years, that's simply not true, at least for $SPY (I didn't test $ES_F which was he's referring, chances are it's not true as well). So the premise for calling an August bar bar is not valid.

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Here's my test of 6+ consecutive up months which was initially posted in the members only report. Highlighted in red are all the cases in the past when SPY made more than 6 consecutive up months. One red means up 6 month, 2 consecutive red means up 7 months, 3 consecutive red means up 8 months...

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