SPY daily: The trend remains up so you have to be in cash or long SPY....
Amazing!
Investors have put more money into stocks in the last 5 months than the previous 12 years combined
PUBLISHED FRI, APR 9 202110:41 AM EDTUPDATED FRI, APR 9 20212:07 PM EDT
KEY POINTS
More money has gone into stock-based funds over the past five months than the previous 12 years combined, according to Bank of America.
In raw numbers, $569 billion has flowed into global equity funds since November, compared with $452 billion going back to the beginning of the 2009-2020 bull market.
“There’s a certain amount of logic to markets right now,” said Art Hogan, chief market strategist at National Holdings.
When there is no yelling you should not be selling
The volume melt-down continues. You could argue that it is just reversing to mean, but it is still very different from how the year started. And, more importantly, our own proprietary "noise" indicator (that measures incoming activity from sell-side) is at extreme Christmas like levels. That supports a quiet continued low volume melt-up. https://themarketear.com/
“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
From a 2 day settlement to a 1 day settlement - The new guy is about to take over.....
Gary Gensler has a full agenda as he gets set to take over the SEC
whether it is feasible to move from the current two-day settlement period for stocks (T + 2) to a one-day settlement period.Gamestop fallout
The Gamestop situation has led to numerous calls for investigations around gamification of trading, market manipulation, and whether it is feasible to move from the current two-day settlement period for stocks (T + 2) to a one-day settlement period.
In a recent call with reporters, Christopher Gilkerson, Charles Schwab’s senior vice president and general counsel, said any reform initiated by Gensler “would focus on rapidly moving to T+1 settlement, better surveillance on potential market manipulation through social media and better disclosure for short sellers. And probably a focus on gamification of investing.” https://www.cnbc.com/2021/04/14/gary...r-the-sec.html
SPY daily chart: The move up continues.....
“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
From a 2 day settlement to a 1 day settlement - The new guy is about to take over.....
Gary Gensler has a full agenda as he gets set to take over the SEC
whether it is feasible to move from the current two-day settlement period for stocks (T + 2) to a one-day settlement period.Gamestop fallout
The Gamestop situation has led to numerous calls for investigations around gamification of trading, market manipulation, and whether it is feasible to move from the current two-day settlement period for stocks (T + 2) to a one-day settlement period.
In a recent call with reporters, Christopher Gilkerson, Charles Schwab’s senior vice president and general counsel, said any reform initiated by Gensler “would focus on rapidly moving to T+1 settlement, better surveillance on potential market manipulation through social media and better disclosure for short sellers. And probably a focus on gamification of investing.” https://www.cnbc.com/2021/04/14/gary...r-the-sec.html
Love charts you posted (Posts 1489 & 1492) and especially your post on VIX versus VVIX.
What is the gold line and what comparison is represented by overlying red OHLC price bars (red crosses)?....can't read key. Thank you!
I like to trade GDXJ and look for and use patterns in my trading. Please note what happened to GDXJ ( It is the gold solid line 1492 and 1489) when the SPY topped (candle sticks) and moved lower. GDXJ bottomed closer to when the SPY did. Will that repeat? Not sure, but the pattern says one should be careful here if this pattern repeats.
I remain long GDXJ from $43.75 when I took the lower BB crash trade. This was day 14 for this ST trend......
Last edited by robo; 04-15-2021 at 06:29 PM.
“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
GDXJ daily: GDXJ has seen tough resistance since the Aug high when tagging the upper BB. We shall see how this move plays out, and if stocks and the dollar are still in play here.
Take care Dreamboat!
“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
TLT daily - Is normally a flight to safety by the Whales..... Why such a big move up today?
There is a very rare pattern on the TLT daily chart that was produced today. A gap up and a tag of the upper BB. We shall have to see how this plays out. Maybe it means nothing, but I still track any rare or extreme pattern.
“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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