Thread: Bear Cave 2 (Bull Allowed)

The SPY/SILJ pattern..... Is this pattern about to repeat?https://www.tsptalk.com/mb/

The miners tends to lead stocks..... That divergence usually completes at bottoms..... We shall see how it plays out this time.... Notice how they bottomed together in March.....

$VIX Weekly - Still trying to fill the gap

$VIX Daily..... Testing the ( 19.51, 19.97 markers) ..... We shall see if the higher lows pattern holds up for this move down on the daily....

It has been a very nice run....

Sven Henrich
@NorthmanTrader
The 9 gaps of Christmas.

SPX extended 30% above the 200 DMA. Think early 2018 and early 2020 to see numbers that resemble this.

Originally Posted by Bullitt

SPX extended 30% above the 200 DMA. Think early 2018 and early 2020 to see numbers that resemble this.

They were close, but this could be a record that will hold for many years once we head deeper into this recession. The SPY is much less (VXF = The S Fund is currently over 30% above the mean - 200 dma). I have all my money at Vanguard now so I can use my trading system with unlimited moves anytime during the trading day. I use the 3 ema and the 13 ema, and indicators for risk management and position size. My son has money in TSP, but I moved my remaining funds this year.

The herd just loves stocks right now....

Uptrends, uptrends everywhere
Published: 2020-12-09 at 09:00:00 CST

Throughout October and into November, we looked at the thrusts and breadth of buying interest. It was some of the best we've ever seen, and that was on the heels of near record-shattering positive breadth in April and May.

As a result of that and follow through into December, almost every stock in the S&P 500 is above its 200-day moving average. With so many stocks in uptrends, it stands to reason that most industries would be as well. And in recent weeks, that has been the case, with 100% of them above their 200-day averages.

https://www.sentimentrader.com/blog/

Still very little fear out there of a pullback..... LOL..... nothing to worry about.....

One For The Ages, Part Deux

jessefelder
December 9, 2020

Back in June, amidst an explosion in speculative interest in the stock market, I decided, “it might be important to immortalize some of the stories in my recent Twitter feed in a blog post.” I titled that post, One For The Ages; consider this to be part two (of who knows how many) in that series.

As noted bubble-watcher Jeremy Grantham put it recently, “the real craziness” for equities has finally come out.

https://thefelderreport.com/2020/12/...ges-part-deux/

5th consecutive week above the Bollinger Band, no fear as it was expected.

"5th consecutive week above the Bollinger Band, no fear as it was expected."

Notice how quickly some will sell.... The key is who is going to BTFD when so many are already fully long. Once a panic starts it can cause additional selling as stops are hit on the way down. Without buyers providing support it can get ugly quickly..... Then we can see some real fear and a huge spike in the VIX.


Sven Henrich
@NorthmanTrader

If you're wondering how much support is being built with these low volume gap up drift action markets:
$NDX just lost all of its December gains in one afternoon

You must have saw something different than me, I saw it drop and dip buying going on; yes it may drop more and it may not. I know nothing of your history and am better for it. Have a good day