Things look fine CO for tomorrow. Definitely looks like SPY 400 is coming. Yesterday was a bad day to give up on LABU.
The table shows 37 day numbers for various sectors sorted by OC. The sector readings are obtained by stock groupings. my 8th generation i7 does real time with the 500 or so underlying stocks without getting out of breath. The stocks are selected have average daily volume over 1 million shares, had IPOs over 10… Continue reading 3/31/21 Current Signals xCF
The negative CO performance of xCF is not a big concern here. Overall the action here looks good, consolidating above support.
xFF is unusual considering the action yesterday where CC was negative, but SPY made a higher low and higher high even if the close was slightly below Fridays. The way to play the 3x Bulls for the last few years has been to buy CO and sell OC. Note that all the equities listed (including… Continue reading 3/30//21 Current Signals xFF
Interesting news recently with the Suez and Acheron, even if it is not clear what to make of it from a return perspective. xHL is not a mechanical buy signal. It made a nice profit in the 111 day period from 8/25/20 - 2/2/21 because these signals were tending to resolve to xFF. That doesn't… Continue reading 3/29/21 Current Signals xHL
The little pop off deep support was easily tradeable yesterday. Given the current nature of reality, it makes sense to take some short term profits. BioTechs have lost their mojo lately. Things are bad when the best performing stock, EXEL, is losing money over two months. They managed a pop off the new low yesterday,… Continue reading 3/26/21 Afternoon Signals xHL BioTech Mojo
These choppy periods can last for a long time and who really understands the recent couch potato weakness? I've also been looking at ranking stocks based on performance for a long time. One obvious idea is that the best performing stocks for a recent time period of x days, will perform better than average for… Continue reading 3/26/21 Current Signals xLH; The Problem
One could give QQQ the benefit of the doubt as far as staying in the official congestion area, but the 297 March 7 low is the real issue. 297 looks formidable on the weekly chart, but 288 or so was my initial projection of the current weakness and at 275, the 52 week moving average… Continue reading 3/25/21 Afternoon Signals XLH
IWM has been quite weak for the last few days. All three of the big guys are sitting near support areas which seem to have good chances for failing. If IWM moves sharply below 204 a dreaded megaphone pattern will emerge. Anyone buying LABU in early February to get enough money to buy a new… Continue reading 3/25/21 Current Signals xMM
Late weakness yesterday made the signal xLH instead of xCC. xMM is not stable here and probably will either finish as xLH or xHL. This may be the UI phase of my project. The first four numbers are real time. The 31 day period is variable. Conditional formatting has been in Excel a long time,… Continue reading 3/24/21 Afternoon Signals xMM 3x Bulls and Sectors