KENA wrote:Someone was talking about the banking index this morning. Here is a chart from Stocktiming on the BKX.
banks.png
interestingly i saw some bullish movement in some financial stocks. usually jan should not be a strong month for financials, because jan is the time for the banksters to get bonus. most firms give bonus in form of stocks.
The goal is not uniformity. It is understanding and idea exchange.
soku wrote:this is a chart update of my number of 2030. i don't expect it to break this morning, but it is what it is.
I see what you are saying, intraday is strong. what I am looking at now is if 61.8% fail to hold, I will start shorting intraday, so far I like what I see in bulls.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
crazy speculation for the bulls… 'IF" we stack invs H&S on top of one another… and don't rising bearing wedge.. target in 2133 range… FOMC have some good news? again crazy speculation at this point…
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.
soku wrote:this is a chart update of my number of 2030. i don't expect it to break this morning, but it is what it is.
I see what you are saying, intraday is strong. what I am looking at now is if 61.8% fail to hold, I will start shorting intraday, so far I like what I see in bulls.
my reading on yr chart is a flag break out (last 2 highs and 2 lows). now a pullback. as long as 50% holds, it is a long. well i am not saying i will go long. i am still waiting for clearer signal.
The goal is not uniformity. It is understanding and idea exchange.
The total ISEE put/call ratio recently hit a new all time low for the 5 day avg on the last leg down in December. Participants have never been more fearful in 10 years. May have to raise my S&P price targets for the year to about 2,500-2,600.
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.
fehro wrote:crazy speculation for the bulls… 'IF" we stack invs H&S on top of one another… and don't rising bearing wedge.. target in 2133 range… FOMC have some good news? again crazy speculation at this point…
fehro wrote:crazy speculation for the bulls… 'IF" we stack invs H&S on top of one another… and don't rising bearing wedge.. target in 2133 range… FOMC have some good news? again crazy speculation at this point…
And for the bears.. if this possible cyan trend line.. holds..(wedge break and retest) (20d/50d) ... VIX over cyan would be very bearish..
fehro wrote:crazy speculation for the bulls… 'IF" we stack invs H&S on top of one another… and don't rising bearing wedge.. target in 2133 range… FOMC have some good news? again crazy speculation at this point…
And for the bears.. if this possible cyan trend line.. holds..(wedge break and retest) (20d/50d) ... VIX over cyan would be very bearish..
typical, nowadays every time when I see triangle, the bias is up/down, then it'd go opposite. but still the bias is up unless down huge from here.
Attachments
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.