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05/14/2022 Weekend Update
05/14/2022 Weekend Update
Down 6 weeks in a row, the next week has 67% chances to close up, 100% chances of a lower low ahead though.
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Re: 05/14/2022 Weekend Update
DID WE REACH A CAPITULATION BOTTOM?
BofA says NO...
"LOVE needs to breakdown"
when "investors sell what they love" and AAPL is the poster child for that.
[Recall that BofA is required reading, as all their data comes from the $trillions they have under management. See especially the bullet points on whether we've reached capitulation or not].
https://www.zerohedge.com/markets/are-w ... pitulation
BofA says NO...
"LOVE needs to breakdown"
when "investors sell what they love" and AAPL is the poster child for that.[Recall that BofA is required reading, as all their data comes from the $trillions they have under management. See especially the bullet points on whether we've reached capitulation or not].
https://www.zerohedge.com/markets/are-w ... pitulation
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Re: 05/14/2022 Weekend Update
Last edited by koolblue on Fri May 13, 2022 7:57 pm, edited 1 time in total.
Re: 05/14/2022 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: 05/14/2022 Weekend Update
SPY daily. PnF. Down in January. Down in February. Push up in March. Down in April. Little push back up on Friday. Odds favor the bears.
Charts posted are not recommendations. They are just a sharing of information.
Re: 05/14/2022 Weekend Update
SPY 1 minute. Point and Figure. Thursday the bulls put in a good defensive stand, stopping the cascade. Friday the bulls took the day.
Bulls tend to snap up any dip. They have deep pockets, and a willingness to take risks.
But I think there are just too many factors putting downward pressure on the stock market at this time. Just an opinion.
Bulls tend to snap up any dip. They have deep pockets, and a willingness to take risks.
But I think there are just too many factors putting downward pressure on the stock market at this time. Just an opinion.
Charts posted are not recommendations. They are just a sharing of information.
Re: 05/14/2022 Weekend Update
FWIW
P/E Ratios
[Specious as they are based on GAAP reporting which nobody uses anymore]
Nonetheless interesting as they have "fair value" pegged at 2967.60 at P/E-15.
P/E Ratios
[Specious as they are based on GAAP reporting which nobody uses anymore]
Nonetheless interesting as they have "fair value" pegged at 2967.60 at P/E-15.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Re: 05/14/2022 Weekend Update
Inverted TRIN
The bottom panel is such a shock, I'm wondering if it's a misprint...
The bottom panel is such a shock, I'm wondering if it's a misprint...
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Re: 05/14/2022 Weekend Update
Sharing research and ideas only, this is not trading advice.
“If people concentrated on the really important things in life, there’d be a shortage of fishing poles.” – Doug Larson
“If people concentrated on the really important things in life, there’d be a shortage of fishing poles.” – Doug Larson
Re: 05/14/2022 Weekend Update
PRESENTING A POSSIBLE BULL CASE BASED ON SENTIMENT:
1) VIX below 30 is often bull-spy, but only if it can stay below 30
2) AAII bear sentiment.... not sure...
3) NEW LOWS on the SPX went from about 135 to zero on Friday. ZERO NEW LOWS.
4) The classic stock-to-bonds ratio (solid purple line) shows that investors are still more interested in stocks vs bonds
1) VIX below 30 is often bull-spy, but only if it can stay below 30
2) AAII bear sentiment.... not sure...
3) NEW LOWS on the SPX went from about 135 to zero on Friday. ZERO NEW LOWS.
4) The classic stock-to-bonds ratio (solid purple line) shows that investors are still more interested in stocks vs bonds
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Re: 05/14/2022 Weekend Update
$AAII bull - $AAII bear rebounded from extremely bearishness that only happened once in the past.
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Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
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Re: 05/14/2022 Weekend Update
There is a special tonight at 10:00 ET on CNBC called "Diamond Hands: The Legend of WallStreetBets"
It's described as "The true story of how retail traders rallied around GameStop to rock the financial system."
It may or may not be interesting, I don't know.
It's described as "The true story of how retail traders rallied around GameStop to rock the financial system."
It may or may not be interesting, I don't know.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.