The 60 minute charts for SPY and QQQ are interesting. SPY couldn't quite touch the 50 retracement late Thursday afternoon. It tested the Thursday low on Friday morning, broke to the upside but failed to threaten 390. Price retraced to the 38.2 Fib. QQQ has been clearly weaker, it retraced a bit more than 38.2%… Continue reading 3/8/21 Closing Signals x33 SPY and QQQ Support
Day: March 8, 2021
3/8/21 Afternoon Signals xHL/c3>o3 Growth vs Value
The couch potatoes are really struggling here. Today's action highlights the divergence between growth and value. Value has notably outperformed growth since the election. Growth was on top from Apr 28 though Aug 7 with a .21 median log return vs .09 for value. Value was slightly ahead in the Aug-November period. The trend to… Continue reading 3/8/21 Afternoon Signals xHL/c3>o3 Growth vs Value
3/8/21 Current Signals x30/o3>c3
TQQQ and TECL are the weak sisters lately. x30 CO hasn't been bad lately, but OC is problematic. The Quatz have a similar CO/OC message with OC being weak. The three ending possibilities for FF5s today are x03/x33/and xHL. x33 is the classical buy, but it has been very rare, appearing only 4 times in… Continue reading 3/8/21 Current Signals x30/o3>c3