The recent weekly view of SMH. The action of the last four weeks is quite similar to the weak Feb to early March period except there is no volatility. Note the large bottoming tails, and relatively short black bodies. This could be a double top forming, but the more likely interpretation is that this is… Continue reading 4/29/21 The Homestretch – SMH
Ugly looking reversal from the open, that looks a lot worse than it probably is. Seems like they are turning up the heat on earnings players. The earnings stocks are doing significantly worse than the overall market. The question whether it is a shakeup or shakeout is interesting. My guess is shakeout. A bit of… Continue reading 4/29/21 The Far Turn
PM Earnings There were 42 morning announcements. Of the PM group, MVIS broke above 19 on Monday and has been swinging wildly between 20 and 28. It's near 20 now. The natural log 2.40 for it's 7 month return is 11 times the original investment. 0.40 for the median return for all these equities is… Continue reading 4/29/21 Current Signal xCC More Earnings
The earnings PM announcement stocks are the first graphic and the second where they stand at 15:30 EDT or so. The detail numbers are 21 day. Looks like the green guys are where the optimists are putting their money, etc. I was planning to put more work into this today, but the internet went down.
Dividend investors are fascinating because of their interest in data coupled with the smug unshakeable belief that their methodology is correct. There is no question that the top proponents are quite decent at Excel. Looking at their stuff led me to Finviz.com and I signed up for a premium subscription under the erroneous assumption it… Continue reading 4/28/21 Earnings and the Fed
The Feb/Mar 2020 fastest decline in history looks like nothing special on the monthly SPY chart. If we consider equal wave sizes: Low = 215Intermediate High = 355Intermediate Low = 320355 - 215 = 140Projected High = 320 + 140 = 460 When I did the calculation in Nov 2020 (I think) it didn't seem… Continue reading 4/27/21 The Homestretch
Pretty cool that all five of the growth group have close to the exact same 31 day returns, at least to the first two decimal places. The same maneuvering action we've been seeing for some time now with value shuffling slowly to growth, and CO staying a bit weak. I just submitted a seekingalpha article… Continue reading 4/26/21 The Homestretch
The graphics have a new look. xCC is the hex signal for the 4 CC numbers. tCC is the total of the 3 Yrmolated time frames. 21 days = 1 month, 42 days = 2 months and 84 days = 4 months. tCC = 7 months. The same thing is done for CO and OC… Continue reading 4/26/21 XME, One Fist of Aluminum, the Other of Steel
The one day micro collapse seems to have reversed. The smart money was definitely not selling yesterday. The bottom forming these last 4 days looks formidable enough to sustain another advance
It is definitely relaxing not to have to follow politics all the time now. Some guys actually have brokerage accounts that aren't tied to 401k, other retirement products or life insurance, so they have to pay capital gains taxes. Just heartbreaking. Probably more heartbreaking are engulfing patterns. This one seems to be turning into an… Continue reading 4/22/21 Engulfing to Oreo?