Daily Charts COB. Wow! C Fund is killing it! Still watching S Fund. Also looks Very good!
Best wishes to you All* !!! Time to enjoy the weekend!
Dwcpf.png
SPX now.png
Hi Shitepoke, Not sure if it's a DCB. Certainly due for one. I could argue both ways, but quite honestly I don't know. My gut says DCB, and then lower mid-next week when talk of taxes and more spending starts and if the situation at Suez canal doesn't resolve. I heard it should be couple days to get clear, but possibility it could be a few weeks???? geez, what's up with that...but not hearing that timeframe widely reported. So maybe its untrue.
On daily chart, I still see what looks like H&S (bearish) plus under 50 Day MA, and the 20SMA is crossed below 50SMA. One rule I try to observe is to not be in market when 20MA is below 50MA, unless I see what I think is a bottom and decide to re-enter... a bit risky if its a DCB. So, I'm looking for a true bottom (hopefully) and would need a couple more days to see if indicators turn more.
Looks like market turned up around 10:45 am ET. S fund closed just above the neckline. Futures are up a bit right now. So that is good! A couple more strong days up would likely convince me to re-enter, but I must wait for IFTs to renew in April.
Best wishes to you and Everyone!
Dwcpf.png
Dwcpf.png
Last edited by DreamboatAnnie; 03-25-2021 at 09:14 PM.
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Daily Charts COB. Wow! C Fund is killing it! Still watching S Fund. Also looks Very good!
Best wishes to you All* !!! Time to enjoy the weekend!
Dwcpf.png
SPX now.png
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Weekly charts... show S fund in promising bullish Pennant.
Dwcpf.png
SPX now.png
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Looking at weekly chart - S fund. Even with that pendant forming, the last two weeks have been down...but more importantly the MACD default 12.26.9) just crossed below its signal line. Really not liking that because it is the slower moving of the two MACDs I use. Nope I don't like it!
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Tempted to get back in for the end of the month, hummm? So just c fund then?
Hi KB, I like it better than S fund right now, but not sure I would enter even if I had an IFT. I am watching. C fund looks like it may break out upward, but not thinking it would be strong up thrust only because Stocgastic did not drop below 20 during last swing low. So, I am watching it... looking for break above that green upper trendline. Best wishes to you and everyone!
SPX now.png
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Interesting article...Stock Glut? from CNBC's Jim Cramer... hummm..
https://www.cnbc.com/2021/03/29/jim-...ll-street.html
Last edited by DreamboatAnnie; 03-29-2021 at 10:43 PM.
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Last edited by DreamboatAnnie; 03-29-2021 at 11:11 PM.
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Loving the market action today! C Fund broke thru green upper trend line and S fund higher as well. Not at my computer so no charts til later. I am wondering what happens when new Infrasture spending is announced later today. But more importantly, will be looking for market reaction when tax increases are announced.... not sure when that part will be announced. Doubt it happens today... hummm.
Here is a link to Stock Charts, Public Charts, market momentum strategy called "Above The Green Line". I have looked at this over the years and really like it. Methodology is explained.
If you click on Chartbook View, you will see a gray area appear at left that says 01 Get Your Edge. Click on that drop down to navigate directly to specific chart your interested in as opposed to scrolling through them all. I like reviewing 04, 10, 54, 57, 60, 65, 79, 99 and ZZH.
https://stockcharts.com/public/1107832
Last edited by DreamboatAnnie; 04-01-2021 at 01:26 AM.
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Looking to enter today. With yesterday's price action, I see higher high, and a higher low formed (look at 6 last candles) on both S and C fund charts. Action starting out good today for both S and C fund, so just need to decide which to enter.
Best wishes to you all!
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C 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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