10/01/2022 Weekend Update

[Cobra]

Down 3 weeks in a row, the next week has 55% chances to close up.

[te_fern]

Over the weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377

[Al_Dente]

THE ELEVEN SECTORS
WEEKLY
Seven of the eleven sectors printed lower lows
A cursory look at volume on the weeklies.... it doesn't look like exhaustion,,,

[jademann]

Possible Swing trade off the 200ema. It worked in Dec 2018
https://schrts.co/ISpQsSZE

Perhaps due to recent Putin and Hurricane concerns now is not a good time to allow a further financial collapse, even with inflation

[JFR]

SPY daily.

Lots of negative indications.

MACD, Elder bars, EMA 20 50 100, Bollinger Bands, Trendlines ... All down.

Breakdown out of a base.

Pushing down beneath the June low.

For now, for this trader, the bias is down.

How about all that volume? Some capitulation of course. But there is a huge amount of short selling.

How about a double bottom? Still possible, but the odds are against it. A longer pause is also possible, extending the base.

Just in my opinion.

[jack black]

my bet on decreasing USD on tuesday was correct. yet the long stocks failed. fortunately long gold miners of-sett the loss. now some say equities should move too. we'll see. the doom and gloom feels as thick as in 2008. agree, no panic yet.

https://www.zerohedge.com/the-market-ear/butbutbut

we'll see...

[Al_Dente]

OCTOBER SEASONALITY

[BullBear52x]

From It is what it is department" Down market, falling knife, breaking down,....."If you got nothing good to say then don't said a word" Mama said.

Intraday: Friday ended the day with negative price action. the search for bottom continue. be careful out there. Peace!

[JFR]

SPY daily.

Every once in a while, given time, I look at the Public ChartLists on StockCharts. Some excellent stuff there. That's where I caught onto Cobra back in 2012.

EMAs are classic, simple powerful indicators. My faves are 10, 20 and 50. At different times I have used a 13 34 crossover.

On the chart are three combinations from the Public lists, that can be very useful for swing trades.

I like the 10 20 crossover the most, but all are good.

Oh yeah, btw, it looks like the bias is down.

[jademann]

Sometimes it helps to look at it from a bears perspective:
I wouldn't be holding SPXU here for sure, but then I was never a momentum trader so who knows..