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I have 23 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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  1. #51
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    Interesting analysis.

  2. #52
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    Default Market sentiment for week ending October 25, 2019

    Market sentiment for week ending October 25, 2019

    Short Term Bias:Bearish
    Long Term Bias: Bearish

    I have included an annotated daily chart for the NASDAQ. The S&P and Dow are similar.

    There isn’t much new to report this week. All three of the major indices continue to form a descending triangle with implications that the market is headed lower. The NASDAQ, in particular, followed the script closely, conveniently rolling over right at the upper trend line of the triangle. Despite a bit of a bottoming tail on Friday in the NASDAQ (there was no such tail in the DOW which closed near the LOD), I still believe there is more bearishness to come, hence my short and long term bearish bias.

    Annotated Daily Chart for the NASDAQ:
    https://www.dropbox.com/s/65pk3l7t4o...81%29.jpg?dl=0

    Despite the general bearishness to end the week, I did manage to find a few long setups along with some juicy looking shorts should the market continue its bearish ways. Here are some stocks I will be watching for day and swing trading opportunities at the start the week.
    Longs: AMT, APPF, INVH, STT
    Shorts: ADNT, AJRD, BOX, CORT, EOG

    Good luck with your trading and investing.
    Last edited by BlueWolf; 10-20-2019 at 01:19 PM. Reason: Added Title

  3. #53
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    Market sentiment for week ending November 1, 2019

    Short Term Bias:Cautiously Bullish
    Long Term Bias: Neutral

    I have included annotated daily charts for the NASDAQ, S&P, and Dow.

    What a difference a week makes. As if the volatility wasn’t hard enough to deal with, now we have divergences in the three indexes. Let’s start with the NASDAQ. At the beginning of the week the NASDAQ looked poised to roll over at the upper trend line of a descending triangle. During the week, however, it consolidated sideways and then had a breakout bar. This bar not only penetrated the upper trend line of the descending triangle, it also took out the prior pivot high by the smallest of margins. Is the descending triangle now a broken pattern? Is the bearishness over for now? I think it’s too early to say for sure. I’d like to see some confirmation such as a bar that opens and closes above the upper trend line. Whatever the case, Friday’s action formed a strong, bullish bar, and the absence of any kind of topping tail suggests that their might be more bullishness to come, at least in the short term. Hence my short term bias is cautiously bullish.

    Now for the S&P. The price action in the S&P also seems to be operating within the confines of a triangle, but in this case it is an ascending triangle, i.e. a bullish pattern. Note how the highs have tested the July peak twice. Currently, it’s only $0.69 from setting a new all time high. The Dow and NASDAQ are not even close. Friday’s bar is not quite as impressive as the NASDAQ’s equivalent bar, and there is a little more of a topping tail, but it engulfed the previous bar. All of this points to bullishness in the S&P, which is, hands down, the most bullish of the three indices.

    Finally, the Dow.The price action in the Dow once again seems to operating within the confines of a triangle. In this case, however, it looks like a symmetrical triangle with lower pivot highs and higher pivot lows. As opposed to the bearish descending triangle on the NASDAQ, and the bullish ascending triangle on the S&P, this symmetrical triangle is a neutral pattern and simply represents some kind of consolidation. Friday’s bar on the Dow was not that impressive as it failed to take out either of its prior two pivot highs. Both the NASDAQ and the S&P took out their prior highs.

    So what does all of this mean? I really don’t know. The net sum of all things seems modestly bullish to me, but I don’t like these strange divergences, particularly between the Dow and the other two indices. My long term bias is therefore neutral until we get more data.

    Annotated Daily Chart for the NASDAQ:
    https://www.dropbox.com/s/juoukyshu8...%20PM.jpg?dl=0
    Annotated Daily Chart for the S&P:
    https://www.dropbox.com/s/2kc5bgch2b...%20PM.jpg?dl=0
    Annotated Daily Chart for the Dow:
    https://www.dropbox.com/s/35pifr3gxh...%20PM.jpg?dl=0

    Here are some stocks I will be watching for day and swing trading opportunities at the start the week. I kind of like the short setups better than the long setups, but when I day trade it is always with the direction of the market so if the market heads up, I won’t be shorting.
    Longs: AAL, ADVM, MIK, NEE , STT
    Shorts: CUBE, MXL, NOC, PFPT, PSA,

    Good luck with your trading and investing.
    Last edited by BlueWolf; 10-27-2019 at 11:55 AM. Reason: Market sentiment for week ending November 1, 2019

  4. #54
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    Default Market sentiment for week ending November 8, 2019

    Market sentiment for week ending November 8, 2019

    Short Term Bias: Bullish
    Long Term Bias: Bullish

    I have included annotated daily charts for the NASDAQ. The S&P and Dow are similar with one divergence in the Dow.

    The bullish confirmation I was looking for after the prior week came immediately as the market gapped up on Monday, opening and closing above the descending triangle’s upper trend line. The market spent the rest of the week consolidating, creating a bullish basing-at-the-high pattern. My short term bias is therefore bullish.

    On a longer term scale, there are indications that there is more upside to come. The NASDAQ and S&P both made new all time highs. The Dow did not, but on Friday it posted a solid bullish bar that closed at the High of the Day (HoD). It should make a new all time high soon. All three indices have broken out above their triangle patterns which portends more to upside come. On an interesting note, I was looking at past patterns in the indices and I noticed that the current price pattern in the NASDAQ is very similar to a pattern it formed in the middle of 2018. There is one significant difference: The 2018 pattern did not come off an all time high and actually formed after a significant correction. What is surprisingly similar, however, is how the index has crept back up in both cases. If the current pattern continues to match the progression from 2018, there is significantly more upside to come. My long term bias has therefore returned to bullish. I do have a couple of caveats. First, any further upward movement is likely to be choppy as volatility will very likely continue to shake things up. Second, if the early 2018 pattern plays out in the long term, the next leg up will be followed by a major correction. Will this be one? Will this be the long term bear market everybody is expecting? I don’t know. What I do know is that it won’t take much to send this market over a cliff. Should we get a string of bad economic indicators and/or bad earnings, I’m guessing investors are going to starting looking for the exits. We’ll see. For the time being, I’m bullish and I do expect more upside in the immediate future.

    Annotated Daily Chart for the NASDAQ:
    https://www.dropbox.com/s/vfxs4sxp4h...%20PM.jpg?dl=0

    Here are some stocks I will be watching for day and swing trading opportunities at the start the week.
    Longs: BB, FAST, IIVI, KIM, REZI, RGEN, TCF
    Shorts: PSA, UNIT

    Good luck with your trading and investing.
    Last edited by BlueWolf; 11-03-2019 at 12:07 PM. Reason: Added title

  5. #55
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    Default Market sentiment for week ending November 15, 2019

    Market sentiment for week ending November 15, 2019

    Short Term Bias: Bullish
    Long Term Bias: Bullish

    I have included annotated daily and monthly charts for the NASDAQ and an annotated daily chart for the DOW. The S&P is mirroring the NASDAQ.

    The indices all gapped up at the start of the week and then spent the rest of the week consolidating their gains. The NASDAQ and the S&P both ended the week with bullish engulfing bars, which I believe portends more short term bullishness.

    For the longer term, I took a step back and looked at the monthly charts for the indices. What I saw, for the most part, were indices that had spent the last year and a half in a sloppy, i.e. highly volatile, consolidation. I saw a similar consolidation in the late 2014 to early 2016 period after which the indices took off for a wild ride up. Are we poised for a major leg up? Maybe. My long term bias remains bullish, but given the volatility we have seen, a few jinks on the way up wouldn’t surprise. At some point, however, the indices have to establish a clear trend, and I still see more upside coming.

    Annotated Daily Chart for the NASDAQ:
    https://www.dropbox.com/s/ycjz9v6kzw...%20AM.jpg?dl=0

    Annotated Monthly Chart for the NASDAQ:
    https://www.dropbox.com/s/8e99obw428...%20AM.jpg?dl=0

    Annotated Daily Chart for the Dow:
    https://www.dropbox.com/s/75051uv85d...%20PM.jpg?dl=0

    I didn’t see many setups that I loved going into the new week, but here are some stocks I will be watching for day and swing trading opportunities at the start the week.
    Longs: APTV, ARWR, EB, MOH, QCOM, RLGY
    Shorts: BRFS, FOSL, LCI

    Good luck with your trading and investing.
    Last edited by BlueWolf; 11-11-2019 at 08:40 PM. Reason: Moved files. Generated new links.

  6. #56
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    Always like to look at the Advance/Decline line. Still sees to be marching along nicely:

    https://stockcharts.com/h-sc/ui?s=!A...d=p73367671490

  7. #57
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    Quote Originally Posted by Louetta View Post
    Always like to look at the Advance/Decline line. Still sees to be marching along nicely:

    https://stockcharts.com/h-sc/ui?s=!A...d=p73367671490
    A very useful metric.

  8. #58
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    Quote Originally Posted by Louetta View Post
    Always like to look at the Advance/Decline line. Still sees to be marching along nicely:

    https://stockcharts.com/h-sc/ui?s=!A...d=p73367671490
    I always like the 3-year charts better than the 1-year charts.... because I see my name 3x as often in those!

    -Jason

  9. #59
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    Oct 2003
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    Quote Originally Posted by jiesen View Post
    I always like the 3-year charts better than the 1-year charts.... because I see my name 3x as often in those!

    -Jason
    Then you should enjoy this 5 year even more. But there is a real purpose in displaying this one because, methinks, it shows the difference clearly twixt the rocky market of 2015-early 2016 and the bull market since then and the clear continuation, I think, of that bull market into the present...

    OK, so far I can't get it to display properly here but if you go down to the chart attributes block in the one I posted above and change the years parameter to 5 from 3 and hit update in the chart attributes block it should work.

  10. #60
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    Sep 2017
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    Austria, Vienna
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    This is very simular to the argumentation of fibtimer.

    They see the NYSE Advance/Decline Line in the current market environment as the most important indicator for the market direction.

    Thus fibtimer is currently bullish on all stock markets (SPX, NDX, Russell 2000, iShares MSCI EAFE - EFA) from conservative as well as more dynamic view.

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