Yep, I'm not ready to JUMP!jump.gifNO!
Gosh..as much as I want to enter, I just can't.... gotta wait. Action as of right now is indicating indecision. but also 13 EMA is below 20SMA (midpoint of Bollinger bands) and Stochastics and MACD not yet reverting back upward and price is still below mid-point of Bollingers. I think we are going to move upward in the near term...think economy will continue to improve and as more States open but... but I need to see it in charts, so I am sitting on hands even though I really want to jump in at least some. Also, Vix is still trending down (which means good things for equities). okay... so Waiting another day.... uggh. What I really want is for it to drop just a bit more to then jump in... I know... getting greedy and I may just end up losing out altogether...
Best Wishes to you all* !!!
DWCPF -daily.png
SPX now.png
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
NAAIM went from 95 to 53. Looks like the pros are exiting...
Ahhhh... very interesting FlaLaw97 !!!
Here is the link.... eeeeee....big drop.
https://www.naaim.org/programs/naaim-exposure-index/
The afternoon was telling... S and C fund turned from indecision at mid-day to big engulfing red candles at day's end, though price did not close below Tuesday's low. S Fund supported by lower Bollinger band while C fund supported by 50 EMA. Right now, futures are up 66 points on Dow mini...so doesn't mean much as I do believe that was the same yesterday, but will see... definitely not buying tomorrow...Best Wishes to you All* !!!!!
DWCPF -daily.png
SPX now.png
Last edited by DreamboatAnnie; 09-10-2020 at 06:38 PM.
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
This seems a bit off... VIX dropped more than 9% but S Fund still dropped while S&P only up .05%???? ... hummm... not making sense....seems to generally be diverging since around Aug 24...not keeping in line with its typical inverse nature.
VIX.png
S Fund down (but C fund up a tad)
DWCPF -daily.png
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
ok. so see what effect that divergence had on Friday. 13 EMA still below 20 SMA, so entry at this point still risky. But VIX looks like it may move Down more for further upswing in market...maybe up to Midpoint on Bollinger Band. Right now looks like price is supported by 50dMA.....but sticking to my rules....ugghhh. no entry...
Best wishes to you all!
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Still no clear buy signal.... eeeee
Charts as of a few minutes ago.
Best wishes to you all!!!
SPX now.png
DWCPF -daily.png
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Be careful out there DBA! Danger Will Rogers, Danger!
Lol...yes Danger! Thank God we have the weekend to rest!
So, this is how charts ended the day. Actually dropped a little more during the afternoon yesterday.
As you can see, upper resistance is at the early to mid-August reading range for both charts, while 50dma is support. Stochastic on C fund looks to be turning back down, so I think S fund is best for buy. Will consider entry next week... though C fund does seem to be getting closer to buy signal...if only using RSI-2...the 13EMA crossing back above 20 SMA would take longer, and I likely will not wait that long if other indicators are looking good! I am keeping eyes on support/resistance, RSI-2 and Of course MACD and Stochastics.
Best Wishes to you all*!!!!!!
DWCPF -daily.png
SPX now.png
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Well...watcha know... S fund looking good right now! Up .74% but so far, its forming a hammer but still hitting resistance right at the 20 SMA , mid-point of Bollinger band. Hummmm....entry into S fund today? ... but C fund doesn't look ready...
DWCPF -daily.png
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
next wk seasonality is the worst wk of the month
"Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798
Looking for the bottom...next week...it might be.
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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