SPY & QQQ intraday chart observations by rimshot

STOCKTALK

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 Trends SPY & QQQ intraday chart observations by rimshot

Previous 10 Next 10

To: rimshot who wrote (687)	7/15/2022 9:23:29 PM
From: Sun Tzu	of 1309

I think you will enjoy exploring this train of thought. It is especially relevant to the question I am answering to. Let me know what you think.

Share	RecommendKeepReply Mark as Last Read

To: rimshot who wrote (2)	7/22/2022 1:21:27 AM
From: rimshot	1 Recommendation of 1309

now at negative 8.60 on July 21, 2022, the 10-day smoothing of the S&P 500 # of New Highs minus # of New Lows remains below the zero line, and is a priority for future vigilance whether a bear or a bull - * daily chart stockcharts.com $SPX daily PermaLink & screenshot, July 21, 2022 close - stockcharts.com

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: rimshot who wrote (689)	7/22/2022 3:28:31 PM
From: rimshot	of 1309

3952.37 = $SPX 50-day EMA current value, with 35 minutes remaining in today's Friday July 22, 2022 session - stockcharts.com

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: rimshot who wrote (690)	7/22/2022 5:44:16 PM
From: Sun Tzu	1 Recommendation of 1309

Despite the pullback today, it was still a risk on day. Why? Because: (1) BPSPX and BPNDX both went up today (3.5% and 2.5% respectively). This indicates short term strength under the surface. (2) On a day that SPX dropped 1% and NDX dropped 2%, VIX rose only 1/3% and VXN actually dropped 0.4%. I am not keeping any shorts over the weekend and I don't have any credible sell signals. This was just a normal pullback before the weekend after a hot week.

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: Sun Tzu who wrote (691)	7/22/2022 5:49:29 PM
From: Sun Tzu	of 1309

Alf's analysis of yield moves this week is that: In the short term, the bond market expects 75bp next week, 50bp in September, and 50/50 chance of 25bp in December. Should Powell's presser confirm this view, then the stocks will rally. Otherwise they will nosedive. Longer term the bond market puts the odds of a pause in rate hikes in early 2023 at 50%. A few days ago I bought some TMF and so far so good.

Share	RecommendKeepReply Mark as Last Read

To: rimshot who wrote (214)	7/23/2022 12:08:26 AM
From: rimshot	1 Recommendation of 1309

$NYDEC daily - updated chart design for vigilance monitoring during the trading day of: 1. NYSE # of Declining stocks, and 2. NYSE Up Volume divided by NYSE Total Volume stockcharts.com ** US equity market bulls do not want to see $NYDEC daily closes above its now briefly rising 20-day SMA * Jan 26, 2022 marks the tenth consecutive day $NYDEC closes above *it rising* 20-day SMA, which is a bearish condition for equities** only will the condition lasts ========================================================== 1308 $NYADV for July 22 1984 for July 21 2196 for July 20 1428 = $NYADV for July 12 979 = $NYADV for July 11 1497 = $NYADV for July 8 2494 has been adjusted by SC to conform to the WSJ statistic for July 7, .... Note that it was a higher value at StockCharts for about 80 minutes after today's close

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: rimshot who wrote (680)	7/23/2022 11:03:37 PM
From: rimshot	2 Recommendations of 1309

$OEX 1796 to 1799 horizontal zone = must hold horizontal level during future declines to provide actionable evidence for the probable medium-term bullish case $OEX daily price closes & daily price bars with S&P 100 McClellan Oscillator & with the $OEX daily True Strength Index - stockcharts.com

Share	RecommendKeepReply Mark as Last Read

To: rimshot who wrote (675)	7/24/2022 4:11:50 PM
From: rimshot	1 Recommendation of 1309

S&P 500 index very briefly tested the 63-day SMA from below this week ending July 22nd ... for the 1st time in weeks - 63-days = three calendar months of price action Note -during the recent 9 years of daily chart history, the # of consecutive days for which the $SPX remains below its daily 63,2 lower Bollinger Band is no more than several weeks & usually much less ... will this time be different? - * see 63,2 %B for # of days below zero level for the actual lower Bollinger Band violation duration stockcharts.com

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: rimshot who wrote (677)	7/24/2022 4:43:03 PM
From: rimshot	1 Recommendation of 1309

daily plot of Percentage of S&P 100 stocks which individually rest above their 200-day EMA / 50-day EMA / 20-day exponential moving average - stockcharts.com 29% / 46% / 73% = S&P 100 components which now reside above the respective EMA's -- as of Friday July 22, 2022 close 19% June 13 vs. 26% June 10 vs. 38% June 1 - above 200-day EMA ( June 13 decline violated the May 2022 low for this stat ) 3% June 13 vs. 11% June 10 vs. 38% June 1 - above 50-day EMA * look left on chart for rarity of this current stat's level 0% June 13 vs. 5% June 10 vs. 70% June 1 - above 20-day EMA * look left on chart for rarity of this current stat's level

Share	RecommendKeepReply Mark as Last Read

To: rimshot who wrote (436)	7/25/2022 2:40:32 AM
From: rimshot	1 Recommendation of 1309

study by Ryan Detrick, CMT shared in July 24 evening tweet - pbs.twimg.com/media/FYew853WYAA9fbY?format=png&name=medium it takes about 19 months to recover from a bear market (or near bear). Yet, going back to 1982, if the bear doesn't go down more than 30%, we've seen consistently quick recoveries: 3 months '82 4 months '90 3 months '98 4 months '11 4 months '18 5 months '20 =================================================== the MACD's Scott selected which are shown on the daily $SPX chart shown below have curled up in recent days, though the actual historical failure rate of such early " bottoming clues " provides evidence the initial price & MACD upward movement requires further significant time duration before reliable confirmation of probable long-term trend change is reliable --- Message #436 from rimshot at 3/6/2022 6:02:46 PM when you have time, check out for each major US index the daily 55,144,1 MACD which Scott used for many years to confirm the probable Staying Power by price action's direction change for the purpose of investor-style trading decisions ... not exiting too early or too late is the objective ... if using investor-style decision making instead of "active" trading * the absolute distance between the 55-day EMA and the 144-day EMA is represented by the 55,144,1 MACD ... and for the $SPX price action, this declining MACD is quickly approaching its zero line, as of March 4, 2022 stockcharts.com Scott complimented his analysis with the slower 89,233,1 MACD, representing the absolute distance between the 89-day EMA and the 233-day EMA his 5,21,1 MACD was designed by Scott primarily for divergence spotting, whether positive or negative ( fyi - Scott is deceased )

Share	RecommendKeepReply Mark as Last Read