Turned out to be the right move to cut IWM loose when it started behaving badly Apr 5 and 6. SPY/QQQ/ and IWM were quite bullish in late March/early April. This formation shows some intermediate tops. This could tip over, in which 234 - 208 = 26, 226 - 26 = 200. That fate is… Continue reading 4/13/21 Into the Homestretch
Tag: TQQQ
4/12/21 Current Signal xFC Top 10 Etfs
The overnight session didn't do a very good job of convincing anyone that there is downside uncertainty/risk in this market. Not a problem to guess the top winners out of 49 high volume ETFs. Not exactly a 1 in 5 chance to find something special. xFC is a mechanical sell, but I didn't think it… Continue reading 4/12/21 Current Signal xFC Top 10 Etfs
4/9/21 And They’re Off – Current Signals xCC
xCC has arguably been the worst sefira for the past 21 days but that's hardly a good reason to bail out in this environment. Lately, I've been fascinated by 1 day CC vs 21 day CC (the columns with the colors). Previously yesterday was part of the 21 day sample, which was wrong. The column… Continue reading 4/9/21 And They’re Off – Current Signals xCC
4/8/21 The Far Turn
The dog of growth is is once again biting the man of value. SPLV, USMV have been about as bad as value funds get in a bull market over the last year, but their recent performance is approaching respectability. LABU/XBI/IBB look like they might keep it together OC for a change today. The USMV and… Continue reading 4/8/21 The Far Turn
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
2/25/21 Current Signals xHL/o1>c1 or c3
It looks like the CO excursion is going to be a bit negative which makes c1 the relevant cQuatz. c0 and c1 are both only 43% profitable CC. The couch potatoes look like they are in a weird technical place. Note how TQQQ is in last place for CC. The weekly formation for the Qskis… Continue reading 2/25/21 Current Signals xHL/o1>c1 or c3
2/18/21 Afternoon Signals xLH/t1>y0
The 18 day simple moving average at 384.xx is obviously a target here and a drop to the 52 week average at 375 wouldn't exactly make Ripley's Believe It or Not either. You don't want to be caught in something like this with extra risk, as you probably want to buy on declines. There are… Continue reading 2/18/21 Afternoon Signals xLH/t1>y0
2/8/21 Afternoon Signals xFF/x2
Same signals as Friday, strong CO performance followed by consolidation OC. We are starting to get about a year away from March Madness 2020. The current value of $1 invested buy and hold is shown along with the natural logs for EtfL (L = Leveraged) . LABU made $7,04 for every dollar invested on 3/31/20.… Continue reading 2/8/21 Afternoon Signals xFF/x2
2/4/21 Current Signals xFF/x7 Growth vs Value
The daily octal signal was x6 near the close. That pattern of itty bitty weakness has been a feature for the last week or so. Maybe day traders cashing out after rare profitable OC excursions. By 4:15 the signal flipped back to x7 again. Value was a little ahead of Growth for the 63 day… Continue reading 2/4/21 Current Signals xFF/x7 Growth vs Value
2/2/21 Current Signals x30/x7
For whatever reason buying into the x30 near the close yesterday worked out pretty well. The voice is definitely whispering "Get out OC" despite TQQQ SPXL and UDOW hanging in here for a win, but we are also dealing with negative vibes from OC x30. The 38 on x7 CO>0 is the number of days… Continue reading 2/2/21 Current Signals x30/x7