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05/15/2021 Weekend Update

PostPosted: Fri May 14, 2021 5:57 pm
by Cobra
Down 1 week, the next week has 60% chances to close up.

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Re: 05/15/2021 Weekend Update

PostPosted: Fri May 14, 2021 6:19 pm
by JFR
Ken Calhoun looks for this Cup formation, as do I. William O'Neil looks for the Cup and Handle.


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Re: 05/15/2021 Weekend Update

PostPosted: Fri May 14, 2021 9:06 pm
by Al_Dente
If last week taught us anything, it’s that we need to beef up our cybersecurity.
CIBR: The NASDAQ Cybersecurity ETF tracks an index of companies primarily involved in the building, implementation, and management of security protocols applied to private and public networks, computers, and mobile devices in order to provide protection of the integrity of data and network operations. To make the cut, a company must be classified as a cybersecurity company by the Consumer Technology Association and have a minimum market cap of $250 million. To ensure liquidity in the underlying stocks, which is a concern for ETFs that invest in small-cap names, companies must have a minimum free-float of 20%. The index then weights stocks based on their underlying liquidity, and imposes caps on how large any one security can become.
Currently holds 40 stocks.
The TOP HOLDINGS are: CSCO 7%, ACN 6.8%, CRWD 5%, ZS 4.7%, SPLK 4.7%, PFPT 4.2%, AKAM 3.5%, FTNT 3.5%, VMW 3.5%, LDOS 3.5%
[hat tip: Art Hill]

Re: 05/15/2021 Weekend Update

PostPosted: Sat May 15, 2021 10:46 am
by Al_Dente
FRENZIED DAY TRADING EBBS:
In April, total trading volumes across the retail brokerage sector were down 26 per cent compared with March …
The cooling in equity trading has coincided with a sharp rise in cryptocurrency activity, with volumes at major exchanges soaring to a record $1.7tn last month …
Speculative trading in higher-risk penny stocks, which trade outside of most national stock exchanges and are a bellwether for retail day trading activity, has plummeted since its February highs. Volumes on over-the-counter markets halved to 928bn shares traded in April compared with February highs
https://www.ft.com/content/a7e52d87-0b0 ... e66a1f14ee

https://stockcharts.com/public/1684859

Re: 05/15/2021 Weekend Update

PostPosted: Sat May 15, 2021 11:32 am
by Cobra
Al Brooks thinks a breakout would be more likely and looking at the 200 point measured move up to above 4,400.

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Re: 05/15/2021 Weekend Update

PostPosted: Sat May 15, 2021 2:21 pm
by Al_Dente
Bespoke, posted yesterday
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Re: 05/15/2021 Weekend Update

PostPosted: Sat May 15, 2021 4:57 pm
by Cobra
$AAII Bull - $AAII Bear continue down.

Re: 05/15/2021 Weekend Update

PostPosted: Sat May 15, 2021 6:19 pm
by BullBear52x
From" It is what it is department" Big cat bounce, will it sustain the run up or not? that is the answer we are all seeking. short term is overbought. it is common for gap filled and resumes the down trend. let see what I have in my piggy brain:

Long term it looks more like the end than the beginning. Negative divergence continues to show up (Bearish). this is weekly long term, some of us may not stay long enough to see the out comes. :lol:
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On the Daily short term with negative momentum, here too I would expect sideways to down until we have a positive crossed. bulls beware!
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traders: I am favor the light blue arrows route, it is common for gap to be filled and resumes the trend. since gap is not yet fully fill we may see more push up on Monday. IFthere is a sharp reversal there after it would suggests to me that we are on the light blue route. all and all the Red route is not here to even mention it. light blue and follow by green or red there after. well, clear as mud. Peace!
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Re: 05/15/2021 Weekend Update

PostPosted: Sat May 15, 2021 8:00 pm
by JFR
SPY daily, PnF. Trend up. Pullback. Bulls trying to resume move up. Ain't no quit in them bulls. Bears getting more involved, but most players are bullish. Profit takers, short sellers doing what they can to take the heat out of the market. Good luck with that. In the meantime, day trade to your heart's content. Hold stocks, ETFs or futures overnight? At your peril. But sometimes, we do it. Those that play the markets are risk takers, with chips. And those not heavily in the chips go to Robinhood.


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Re: 05/15/2021 Weekend Update

PostPosted: Sat May 15, 2021 8:08 pm
by JFR
Another view. 3 Line Break. One of my faves. Daily, with some Bollinger, please.


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Re: 05/15/2021 Weekend Update

PostPosted: Sun May 16, 2021 4:53 am
by marcueus3
Guys how you think can we go next week on SPX below 4000 and only after that new ATH ?

Re: 05/15/2021 Weekend Update

PostPosted: Sun May 16, 2021 8:31 pm
by Cobra
marcueus3 wrote:Guys how you think can we go next week on SPX below 4000 and only after that new ATH ?


I hope so. Chart doesn't tell me much.

Re: 05/15/2021 Weekend Update

PostPosted: Sun May 16, 2021 11:14 pm
by JFR
Some stocks reporting earnings within 7 days. Source barchart.com. The earnings dates look good, but verify, if you are going to play the earnings. Do your homework. Ha ha. I have used barchart.com for years for certain things.


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Re: 05/15/2021 Weekend Update

PostPosted: Sun May 16, 2021 11:32 pm
by JFR
From a watchlist


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