| StockFetcher Forums · Stock Picks and Trading · Market Sentiment | << 1 2 3 >>Post Follow-up |
| johnpaulca 12,036 posts msg #119321 - Ignore johnpaulca |
5/2/2014 2:36:08 PM I don't trade Friday afternoon cuz it's mostly a snooze fest. |
| guspenskiy13 976 posts msg #119955 - Ignore guspenskiy13 modified |
5/19/2014 6:08:56 PM A comprehensive review for tomorrow: Confirmed bullish harami patterns for both SPY/QQQ. 
QQQ broke 61.8% retracement of the last move and it's 31 cent away from 66.6% retracement and high of 5/13. If it breaks it, it will be the highest high since 4/4. CCI(7) bottomed at 0; RSI(2) reversed at 18. It also bounced off support. 
SPY was 3 cents away from 61.8 retracement of the down-move from the all-time high. It also bounced off support. RSI reversed at 13; which was the common spot for last 1.5 months. CCI(7) bottomed at -62 and almost crossed -11. 
VIX has a micro-gap below. It will bounce of 12, so that is a good spot to watch. 
BB's contraction, buy signal given on Friday is still in play. We might get squeezed tomorrow and get a sell on Wednesday. 
10-day LRC: near 50% 5-day LRC: near 75% 2-day LRC: in between 25/50% Below EMA(150); stayed below EMA(150) for the most time today excluding some pops. ________________________ Conclusion: IMO we are seeing more highs tomorrow; QQQ is about to make a 1 month high and break 66.6%; SPY is also near 61.8 and 66.6% retracement levels. Both bounced off the trendline, both have more room in RSI(2) to go further. However, VIX is very close to support (12) and MA's are approaching - a reversal in this momentum might not be too far away. 60-minute ratio still has a buy signal, but BB's are clearly squeezing. My guess is that tomorrow will either be a decent rally (QQQ will push hard) that will sustain or might sell off and become a doji day. I would look for support in terms of (VXX)/(SPY) near 75% 10-day LRC and 100% 5-day LRC. Historical gap fill stats for SPY: 
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| guspenskiy13 976 posts msg #119963 - Ignore guspenskiy13 |
5/20/2014 11:54:32 AM QQQ touched the high 1 cent away and bounced; QQQ +0.25% SPY -0.17% IWM - 1.1% should have included Russell in the analysis, fkin small-caps are holding us down |
| novacane32000 331 posts msg #120981 - Ignore novacane32000 |
7/9/2014 9:06:59 AM Today's bloomberg ticker stated SP500 stocks have the lowest short interest levels since 2006. Interesting! |
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