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12/09/2023 Weekend Update

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Cobra
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12/09/2023 Weekend Update

Post by Cobra »

Up 6 weeks in a row, the next week has 50% chances to close up, 72% chances to make a higher high.

So more up.
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tsf
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Re: 12/09/2023 Weekend Update

Post by tsf »

@jademann,
Thank you for sharing your charts in this forum over the years.
TLT has been recovering. Hope this helps your friend.
Going foreward, there are some good TLT charts in the StockCharts.com Public Chart List.
Sorry to hear about your recent layoff.
Years ago, I was also laid off near Christmas and during recession.
Unemployment rate and Inflation are still declining.
New jobs are still being added.
There is hope of a soft landing.
Best wishes to you.
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Cobra
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Re: 12/09/2023 Weekend Update

Post by Cobra »

People are asking what happened when crude down 7 weeks in a row. Here's the past cases since the year 2006, I just eye picked, might be missing one or two.
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Cobra
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Re: 12/09/2023 Weekend Update

Post by Cobra »

tsf wrote: Fri Dec 08, 2023 6:58 pm @jademann,
Thank you for sharing your charts in this forum over the years.
TLT has been recovering. Hope this helps your friend.
Going foreward, there are some good TLT charts in the StockCharts.com Public Chart List.
Sorry to hear about your recent layoff.
Years ago, I was also laid off near Christmas and during recession.
Unemployment rate and Inflation are still declining.
New jobs are still being added.
There is hope of a soft landing.
Best wishes to you.
Sorry to hear the bad news too. Actually just considered it as a change of job (no to mention package which is a plus) so bad thing can turn good. So far all my friends being laid off found much better jobs. So not a bad thing. Good luck.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
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Cobra
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Re: 12/09/2023 Weekend Update

Post by Cobra »

Cobra wrote: Fri Dec 08, 2023 7:36 pm People are asking what happened when crude down 7 weeks in a row. Here's the past cases since the year 2006, I just eye picked, might be missing one or two.
Actually, down 7 weeks in a row yet crude wasn't down much, it doesn't look like a real bear so far to me.

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te_fern
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Re: 12/09/2023 Weekend Update

Post by te_fern »

Over the weekend, please take moment to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377
This is not investment or trade advice.
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JFR
Posts: 10356
Joined: Sun Dec 02, 2012 7:24 pm

Re: 12/09/2023 Weekend Update

Post by JFR »

tsf wrote: Fri Dec 08, 2023 6:58 pm @jademann,
Thank you for sharing your charts in this forum over the years.
TLT has been recovering. Hope this helps your friend.
Going foreward, there are some good TLT charts in the StockCharts.com Public Chart List.
Sorry to hear about your recent layoff.
Years ago, I was also laid off near Christmas and during recession.
Unemployment rate and Inflation are still declining.
New jobs are still being added.
There is hope of a soft landing.
Best wishes to you.
Best wishes, jademann.
Charts posted are not recommendations. They are just a sharing of information.
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JFR
Posts: 10356
Joined: Sun Dec 02, 2012 7:24 pm

Re: 12/09/2023 Weekend Update

Post by JFR »

SPY daily.

Poking its nose above the range.

My view, as I play it, with caution, is slightly bullish, perhaps 53-47 for the bulls.

Mostly day trades and scalps on SPY, ES and the like.

Some longer term swing trades on stocks, Long.

Screenshot_20231209_115823.jpg
Charts posted are not recommendations. They are just a sharing of information.
tsf
Posts: 541
Joined: Tue Feb 15, 2011 7:49 am

Re: 12/09/2023 Weekend Update

Post by tsf »

This is an excellent TLT chart from Cobra. Daily timeframe. Very clear.
1.4.0 TLT Daily
https://stockcharts.com/public/1684859/ ... /533449481
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BullBear52x
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Re: 12/09/2023 Weekend Update

Post by BullBear52x »

From "It is what it is department"May we live in an interesting time! Short term, dips will be bought. Lets look at the bigger picture, from this chart I see the bottom construction on Transportation and Banking, the key components foundation of our economy, will they hold and weather the coming storm and uncertainty? the line in the sand is your friend.
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On the Central banking side of thing. market is at a breaking point. if $UST continues higher when 2 and 10 year ratio crossing back under 50 DMA, recession and hard landing to be expected.
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lets look at the short term momentum, we are at the negative divergence in many indicators, but it's not good enough reason to short the market. all things take times, Only price pays. so far bulls are marching on, pay attention to $PBSPX, if there's a turn you will see it here at the Snakeville before anywhere else. trade well, Peace!
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Last edited by BullBear52x on Sun Dec 10, 2023 4:25 pm, edited 2 times in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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BullBear52x
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Re: 12/09/2023 Weekend Update

Post by BullBear52x »

TLT gallery.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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