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
I'm working on a user interface. The first four (cCC/cRR/cCO/cOC) columns are real time numbers; multiplying them by 100 was weird, now they are 4 decimal - ,01 is about 1%. The middle CC/RR/CO/OC columns are log returns for the 31 previous trade days. The number 31 is a variable. The columns wCC/wRR/wCO/wOC show the… Continue reading 3/22/21 Afternoon Signals xHL/o3
A few brokerage research departments have said Growth is OK again, even with the 10 year treasury at 1.7%. xLH was buyable a few months ago, but the middle cycle (xLH/xHL/xMM) isn't typically a good area. Still, at least SPY and QQQ have moved a little off their key support areas CO.
Quadruple witching, making for a quiet but sullen session. Prices ae drifting just above the recent necklines at SPY 389-390 and QQQ 310-311. One wants to see a bounce off these areas, and this isn't much of one. Looks like the discussion will be put off until the first trade day of spring.
SPY made a new high on Wednesday. With no follow through that can turn into a rising wedge. The good news with a rising wedge is that it usually doesn't turn into a long term top. SPY is ex-dividend today QQQ is at it's own significant defensive line near 311. Neither of these resistance areas… Continue reading 3/19/21 Current Signals xCC/c0
The tables go back 31 days. cCC etc. stands for current CC * 100. Note the growth ETFs are negative and value is positive. This divergence is quite unusual in length and strength, at least the part that includes weak couch potatoes and strong smokestacks. RR is now just based on OC, it is the… Continue reading 3/18/21 Afternoon Signals
QQQ is the best major ETF to look at for market direction lately because it is below it's high, Yesterday, QQQ rallied from the 50 Fib line - halfway between the Feb high and March low - to the 38.2% line, but it didn't quite make a two day high. This morning it has dropped… Continue reading 3/18/21 Current Signals xCC/o1>c1
Yesterday, QQQ was able to almost touch the March high at 324 before pulling back, amid the siren song of possible juicy 2% 10 year treasury yields. Even in this relatively weak environment QQQ made over 2% CC in the last 13 days. If an investor bought everyday at the close and sold at the… Continue reading 3/17/21 Current Signals xCF
xCF has been playing CO poorly lately, but the oQuatz will be favorable for the weekend, no matter how things finish today. If SPY can stay above 390 at the close, that would be positive. The recent negative xCF numbers don't seem that important here. The link is an article discussing the 10 year yield… Continue reading 3/12/21 Afternoon SIgnals xCF/c1-o1
The daily QQQ chart is shown with the two down waves of equal length: 338-311 and324-297. After the bottom, it has retraced 50% of the loss, but is looking weak today before the open. xFF performance has been supporting prices in the upper cycle. I'm guessing that is not the way things will continue to… Continue reading 3/12/21 Current Signals xFF/o3>c1