Trouble? MACD turning down and a move under the 10 DMA.... Watching to to see how this plays out for the indexes I track, and if we tag the 20 DMA....
https://stockcharts.com/h-sc/ui?s=VX...1912&listNum=1
It's the MT data that I'm watching - ROBO/Rydex/Dumb/Smart money/MT Risk Levels and many more. With that said the daily, weekly, and monthly trend remains up!
In 2007 it took 14 months for IWM to get back to it's all time high. It took 17 months this time. Is a bear market getting closer? It depends on whom you ask. See the blue line on my LT data chart and the IWM tops.
Bottom Line: The trend remains up....
https://stockcharts.com/h-sc/ui?s=%2...50&a=713914907
SentimenTrader
@sentimentrader
23h
If you think the coast is clear because the CNN Fear & Greed model ticked down a few points, that's not really how things work.
Before *most* major pullbacks, sentiment hits an optimistic extreme, then prices rise again but with less enthusiasm.
https://twitter.com/SentimenTrader
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Trouble? MACD turning down and a move under the 10 DMA.... Watching to to see how this plays out for the indexes I track, and if we tag the 20 DMA....
https://stockcharts.com/h-sc/ui?s=VX...1912&listNum=1
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Another save..... VXF closed above the 20 DMA, but IWM closed below its 20 DMA.... Day 5 for IWM = lower highs on the daily chart. A warning indicator? We shall see......
https://stockcharts.com/h-sc/ui?s=VX...37&a=714731912
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Short interest near all time low, MT risk levels remain at extreme levels, talk of war in the middle east, the Trump show on TV, The New China Bug, etc....etc..... Waiting on the Fed to save the day....
Daily = cash position
https://stockcharts.com/h-sc/ui?s=VX...96&a=714731912
Weekly = Hold Long positions....
https://stockcharts.com/h-sc/ui?s=VX...48&a=714729663
Monthly = Hold Long positions...
Note the 2007 IWM topping pattern and the current one on my monthly trend trading chart. It better be different this time or the top has completed for the yearly cycle and maybe this bull. However, with unlimited buying power anything is possible.... The monthly trend remains up.....
https://stockcharts.com/h-sc/ui?s=%2...91&a=713914907
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Day 6 IWM has a lower high. Waiting to see how we close.....
https://stockcharts.com/h-sc/ui?s=VX...96&a=714731912
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Correction
by likesmoneystudies
Two things that I am paying attention to is the RSI and the TSI. The RSI is oversold. When stocks are in the advancing stage of their intermediate cycle then RSI does not stay oversold for long, as witnessed in early December. So a quick rebound of the RSI will indicate a continuation of the intermediate cycle advance. But the bearish TSI divergence is a concern. If RSI does not recover quickly that will point to stocks beginning their intermediate cycle decline.
https://likesmoneycycletrading.wordp...27/correction/
Weekly = Sell signal..... Fed to the rescue?
https://stockcharts.com/h-sc/ui?s=VX...48&a=714729663
Monthly = Hold long positions (For LT investors not traders)
https://stockcharts.com/h-sc/ui?s=%2...91&a=713914907
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
I trade the daily and weekly......
Daily = Sell Signal - I use RSI with a 7
https://stockcharts.com/h-sc/ui?s=VX...57&a=714731912
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
I use the 10 DMA too..... Watching XES and FCG for a possible value trade.....
Daily.....
https://stockcharts.com/h-sc/ui?s=VX...54&a=714731912
Not Out Of The Woods Yet
Stocks printed their lowest point on Monday, day 36, placing them in their timing band for a daily cycle low. Tuesday’s swing low and close above the upper daily cycle band signals a new daily cycle. And while Stocks did rebound off the 38 fib level and RSI has also turned higher — indicative of an intermediate cycle advance … we are not out of the woods yet. We will need to see a close above the 10 day MA to label day 36 as the DCL.
https://likesmoneycycletrading.wordp...e-woods-yet-2/
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Jeff Clark's Market Minute
This Signal Will Nail the Biggest Profits
By Jeff Clark
January 29, 2020
By Jeff Clark, editor, Market Minute
The Volatility Index (VIX) generated its first buy signal of 2020 yesterday.
Buy signals occur when the VIX closes above its upper Bollinger Band – indicating an extreme increase in volatility – and then closes back inside the bands. We’ve followed these signals plenty of times over the past few years, and they’ve proven to be quite profitable.
This time, though, I’m not buying it… at least not yet.
https://www.jeffclarktrader.com/
Daily = Remains in a cash position - Watching XES and FCG for a possible value trade
https://stockcharts.com/h-sc/ui?s=VX...57&a=714731912
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Daily data = remain in cash.....
https://stockcharts.com/h-sc/ui?s=VX...81&a=714731912
Starting to nibble on some XES and FCG
https://stockcharts.com/h-sc/ui?s=UU...34&a=716775794
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Small Caps = Having some trouble and moved below the 10 WMA
Weekly...... cash position
https://stockcharts.com/h-sc/ui?s=VX...61&a=714729663
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
I don't really care about all the projections I read. What I do care about is the trend and it's currently down. If we are starting to move into the YCL we still have a ways to go. However, I trade the trend and it's currently down.... Long TZA....
SevenSentinels Retweeted
Kujo
@Optionstr8dr
·
Jan 27
Must read. If you care about your 401k
SevenSentinels
@SevenSentinels
OPEN Weekly Article From January 26, 2020- If you read only One Seven Sentinels articles all year- THIS IS THE ONE!
Last Freebie of the season. Please have a look.
Occam's Razor
https://sevensentinels.com/occams-razor/
Last edited by robo; 01-30-2020 at 08:30 AM.
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
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