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05/01/2021 Weekend Update

05/01/2021 Weekend Update

Postby Cobra » Fri Apr 30, 2021 5:41 pm

Up 1 week, 76% chances higher high ahead the next week, so bulls should be OK holding positions over the weekend.

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Re: 05/01/2021 Weekend Update

Postby Al_Dente » Sat May 01, 2021 1:01 pm

LIVE:
Warren Buffett and Charlie Munger host the 2021 Berkshire Hathaway Annual Shareholders Meeting
https://www.youtube.com/watch?v=gx-OzwHpM9k
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Re: 05/01/2021 Weekend Update

Postby Al_Dente » Sat May 01, 2021 1:27 pm

Copper is at long term resistance; potential double top
Monthly chart
51copper month.png.jpg
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Re: 05/01/2021 Weekend Update

Postby BullBear52x » Sat May 01, 2021 2:53 pm

From "It is what it is Department" Negative D, Bearish bias to continue. rip will be sold, Friday made another major turning point for early bird.
Not all Negative D or Positive D end the trend but it help to see the primary trend is about to run out of juice, bearish bias until there is positive crossed on MACD.
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Short term momentum is also peaked. rips will be sold, keep it simple. Peace!
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Re: 05/01/2021 Weekend Update

Postby BullBear52x » Sat May 01, 2021 3:02 pm

Failed breakout, it is highly likely it will auction back down to the lower range. No bid on the top range. this is a fortune teller side of TA. :D
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Re: 05/01/2021 Weekend Update

Postby JFR » Sat May 01, 2021 4:57 pm

SPY daily, PnF.

My view: It ain't broke yet, but it is suspect --> Flying too high, getting too close to the Sun.

Folks on Cobra's forum will continue to give and get notice of corrections and trend changes (opinions) in the stock market.

Everbody, On Guard. Ha ha


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Last edited by JFR on Sun May 02, 2021 4:25 pm, edited 1 time in total.
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Re: 05/01/2021 Weekend Update

Postby Cobra » Sat May 01, 2021 5:13 pm

$AAII Bull - $AAII Bear keeps going down.
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Re: 05/01/2021 Weekend Update

Postby JFR » Sat May 01, 2021 5:14 pm

Another view. Trend up, at the top, but in a widening base, and tightening top to bottom. Breakout on tap. Which direction? Five dojis in a row --> no decision yet. Bulls and bears, fully armed, locked and loaded.


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Re: 05/01/2021 Weekend Update

Postby Al_Dente » Sun May 02, 2021 5:08 pm

the first trading day of May, has a bullish history over the past 23-years
https://jeffhirsch.tumblr.com/post/6499 ... daq-higher
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Re: 05/01/2021 Weekend Update

Postby JFR » Mon May 03, 2021 6:46 am

SPY 15. Up a bit since Friday's close.


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