SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Strategies & Market TrendsSPY & QQQ intraday chart observations by rimshot


Previous 10 Next 10 
To: rimshot who wrote (1220)2/1/2023 10:38:26 PM
From: rimshot
1 Recommendation   of 1309
 
Percentage of S&P 500 index stocks + four other indices which
have component stocks that individually rest above their
20-day exponential moving average:


stockcharts.com

percentage of stocks above their 20-day EMA, as of Wednesday February 1, 2023:

$SPX - 80.6% / was 65.2% on Jan. 30 / was 71.2 on Jan. 24 - January high remains above
$OEX - 74.0% / was 56.0% on Jan. 30 / was 64.0 - ditto
$NDX - 86% / was 67.0% on Jan. 30 / was 76.0 - above the January high for day #1
$MID - 90.5% / was 75.5% on Jan. 30 / was 77.25 - above the January high for day #1
$NYA - 86.1% / was 72.5% on Jan. 30 / was 79.2 - January high remains above

* bulls want to see a lasting hold above 70%, and bears
want to see a lasting hold below 30% to 50%

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: rimshot who wrote (1215)2/3/2023 10:11:08 AM
From: rimshot
1 Recommendation   of 1309
 
SPY's price advance to 418.31 on February 2nd
saw a rejection by the weekly 20,2 upper Bollinger Band
whose value is currently 418.24 on February 3

SPY weekly with 20,2 Bollinger Band & 20,2 %B-

stockcharts.com

Share RecommendKeepReplyMark as Last Read


To: rimshot who wrote (1175)2/3/2023 11:02:59 AM
From: rimshot
2 Recommendations   of 1309
 
$SOX potential horizontal resistance line using
the $SOX weekly chart -

stockcharts.com

Share RecommendKeepReplyMark as Last Read


To: rimshot who wrote (1224)2/4/2023 8:29:18 PM
From: rimshot
1 Recommendation   of 1309
 
$NYA long-term analysis using the Coppock Curve on the monthly chart:

pbs.twimg.com/media/FoJibcEX0AA_c6B?format=jpg&name=4096x4096

A long-term momentum indicator called the Coppock Curve turned up from below zero
& remains a sizable distance below its zero line

- Martin Pring

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: rimshot who wrote (1219)2/4/2023 9:57:02 PM
From: rimshot
1 Recommendation   of 1309
 
$NYA daily closes chart provides evidence the prior long-term horizontal breakdown price
location is now acting as firm resistance for the current price advance -

stockcharts.com

$NYA continues to head-bump the May 2022 intraday high ...
see the bottom of this daily chart -

stockcharts.com

Share RecommendKeepReplyMark as Last Read


To: rimshot who wrote (1225)2/25/2023 1:20:42 PM
From: rimshot
1 Recommendation   of 1309
 
3949.xx = 200-day SMA current value for the /ES emini as of Friday's close
vs.
3947.50 Friday's low of day for /ES

3940.12 = $SPX 200-day SMA current value

only approx. 30 minutes of price action hovered near the /ES 200-day SMA before price
bounced

3982.28 = /ES daily 21,2 lower Bollinger Band current value
vs.
3974.50 Friday's 5:00 pm ET close

3992 to 3995.xx = the Volume Point of Control current values looking
back 90, 180 and 360 trading days using Volume by Price analysis at the most
detailed level ( software accomplishes this task )

updated screenshot of the /ES Daily chart showing the range
since 10/10/22 with the daily 21,3 Bollinger Band -

screencast.com

SPY tagged its declining tops trend line on Friday, but did not violate it ...
see the daily chart set with T/L's at the bottom of this post

$SPX 3946.89 = 150-day SMA current value at Friday's close ...
the 150 was only briefly violated on Friday, Feb 24

$SPX daily closes chart with selected moving averages -

stockcharts.com

declining tops trend lines for five US index ETF's -

stockcharts.com

stockcharts.com

stockcharts.com

stockcharts.com

stockcharts.com

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


From: rimshot2/25/2023 1:36:04 PM
1 Recommendation   of 1309
 
Helene's poll Saturday morning shows:
56% betting down
43% betting up

for next week ending March 3, 2023

here is her updated Net Sentiment chart incl today's Poll stat -

* this represents 5 consecutive weeks of negative sentiment

pbs.twimg.com

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: rimshot who wrote (1235)2/25/2023 1:51:41 PM
From: rimshot
1 Recommendation   of 1309
 
$SPX cash index 3934/35 level, when seen, represents a closing basis
priority watch level for me ... if prices continue a bit lower than seen on Friday

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: rimshot who wrote (1236)2/25/2023 2:53:04 PM
From: rimshot
1 Recommendation   of 1309
 
Morgan Stanley says the S&P 500 could drop 26% in months

Expensive US equities are flashing a warning sign that could see the S&P 500
sliding as much as 26% in the first half of this year,
according to Morgan Stanley strategists.

==================================================

" Theoretically, stretched valuations are no hurdle for equities as long
as corporate profits are able to catch up.

Whether that will happen again this time is the biggest question facing equity investors today.
In the eyes of Ed Yardeni, the founder of his namesake firm,
the PEG ratio reflects two warring narratives —
one showing investors are willing to look past any short-term roadblocks and pay up for stocks,
and another reflecting mounting skepticism over growth.

“It’s signaling caution because you got a tug of war between the relative pessimism
of analysts and the relative optimism of investors,” Yardeni said.

“It may just turn out that it’s a tug of war where neither side makes any progress,
which is what it could be for a little while.”



Since June, the S&P 500 has been mostly stuck in an 800-point band,
creating headaches for bulls and bears alike.
Over the stretch, the index’s closing prices averaged at 3,939 —
about 30 points away from where it ended Friday.

With the benchmark gauge surging as much as 17% from its October low,
some market watchers have viewed the rebound as the start of a new bull market.

To David Donabedian, chief investment officer of CIBC Private Wealth US,
it’s too early to call the all-clear given stocks have yet to start looking like bargains.
“It didn’t say that back in October either when we had the beginning of this market rally,
” Donabedian said.

"So to me, we have not seen that capitulation phase that every bear market
has where investors throw in the towel, give up hope and you get a market
that looks objectively inexpensive. We’re not there yet.”

Share RecommendKeepReplyMark as Last Read


To: rimshot who wrote (226)2/25/2023 3:40:48 PM
From: rimshot
1 Recommendation   of 1309
 
Nasdaq 100 Percentage of individual stocks having
rising PMO's
is now 11%, at Friday's Feb. 24 close ...

* following a weekly gap down, the chart history shows
this PMO rising metric often bottoms & reverses back up
in the following week OR in the second week or at worse case
in the third following week

weekly chart of Percentage of $NDX components having rising PMO's -

stockcharts.com

Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Previous 10 Next 10