Thread: Bear Cave 2 (Bull Allowed)

Not something I use or track, but Jessie does.....

Stonks: The Canary In The Stock Market Coal Mine

jessefelder
October 27, 2021 I’ll be watching this new index to see if it can make a lower low, as that might indicate a downtrend is underway. And, considering they could represent the canary in the bull market coal mine, a bear market in stonks could have important implications for stocks in a broader sense.

https://thefelderreport.com/2021/10/...ket-coal-mine/

Originally Posted by robo

Not something I use or track, but Jessie does.....

ETF - BUZZ is VanEck Social Sentiment ETF and probably comes close.

Holdings updated daily here: https://www.vaneck.com/us/en/investm...buzz/holdings/

SPY daily: A move below the 3 ema is a ST sell signal for me. We shall see how it plays out.


SPX Loves Making Local Highs With These Candle Formations
SPX loves topping out with a shooting star/doji followed by a confirmation candle lower. That is exactly what we have seen develop over past 2 sessions.

Let's see how this plays out, but with various cross assets moving in an erratic fashion, why not some stress in SPX?

After all, everybody believes in the seasonality melt up...
https://themarketear.com/

Never Forget - This Inflow Streak Cannot Be Repeated
Global Equities logged >$1 Trillion dollars worth of inflows during the last 51 weeks and the start of positive vaccine news. This is the biggest market structure dynamic of the year. For context, the prior best rolling 51 week record was +$250 Billion. 2021 is 4x larger than the next best yearly inflow.

SPY daily: Back above the 3 ema..... we shall see how we close today...... Maybe this is just a small pullback as the 10 sma on the daily tries to catch up....

Hmmmm.... Not an indicator I would use, but interesting for sure. LOL..... Granddaddy.....I haven't heard that word in sometime.....


This Granddaddy of All Indicators Just Broke Out
Jason Goepfert
Jason Goepfert
Published: 2021-10-28 at 0700 CDT
Earlier this week, the Advance/Decline Line for S&P 500 stocks broke out to a new high. A line that incorporates the breadth of all securities traded on the NYSE hadn't quite done the same. Now it has.

For the first time in more than 90 days, the NYSE Cumulative Advance/Decline Line is sitting at a record high. Analysts have focused on this indicator since the earliest days of widespread data dissemination.

https://www.sentimentrader.com/blog/...bb9-1271291994

Robo is a rock star and a must read! Thanks!!

Ok, I checked the data out based on this tweet below, and made a chart to look over. It COULD be a leading indicator. We shall see how it plays out! You can look at my chart below and decided for yourself. I DO NOT use this data for trading, but thought it was worth a look.

Daily SPY/NAAIM data chart: Hmmmmmm..... folks are feeling good for sure. RSI over 95ish and NAAIM over 103..... LOL..... That doesn't mean it can't go higher based on my chart below, but the RSI is getting extreme with the NAAIM over a 100.

Bottom Line: The SPY trend remains up as it hits new ATHs!

SevenSentinels Retweeted
Helene Meisler
@hmeisler
·
2h
NAAIM Exposure 103. First time over 100 since the spring.

Yep, folks feeling good.

https://twitter.com/SevenSentinels?r...Ctwgr%5Eauthor

Keeping an eye on the VIX

VIX 30 minute data: Higher lows? Still tracking the move under 15ish....

SPY daily: The trend is up, and Greed is good!

Stocks Deliver Buy Signal

After breaking out to new all time highs on Tuesday, stocks backtested the breakout level on Wednesday.

After emerging from the ICL stocks have begun closing above the upper daily cycle band indicating that they are in a daily uptrend. Forming a swing low above the upper daily cycle band signals a continuation of the daily uptrend and triggers a cycle band buy signal.
https://likesmoneycycletrading.wordp...-buy-signal-2/

Some tweets that make you go hmmmmm......

Inflation Inflation Everywhere
The inflation data-points just keep on coming in with many charts look extreme. We wanted to do a thread on the most recent ones. The "call for inflation" is very strong and also very consensual. However, do not forget that some experts still believe in "transitory". For example, declines in durable goods prices are likely to drive inflation lower next year, more than offsetting a sharp acceleration in shelter inflation. Time for a thread.

https://www.zerohedge.com/premium?ut...e_website_link

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Nautilus Research
@NautilusCap
S&P Earnings Yield - Inflation (CPI YoY.)


xTrends
@xtrends

Oct 29
$SPX tagged 4600 and correlation between $SPX and $VVIX is rising with $SPX as I predicted. After a little more upside the market will likely start to correct.... could be a big swoon like Sep 2020 because there was no washout at Oct low. I will start selling longs soon