Thread: retread's Account talk

I don't see how we can be going to new highs with less than 50% of stocks above their 50 day moving average. If you look at the previous 2 times it's been down this far (early March and late Jan) we had significant pull backs.

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Finding it difficult to get back in when the Transports are still showing a bearish flag. And the C/S fund nearing the top of the Bollinger band. I definitely have FOMO today though. Seasonal has me in S tomorrow. Just don't know what to do

Originally Posted by retread

I don't see how we can be going to new highs with less than 50% of stocks above their 50 day moving average. If you look at the previous 2 times it's been down this far (early March and late Jan) we had significant pull backs.

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One note on this. The late Jan, early March pullbacks happened simultaneously with the drop in % S&P500 stocks below 50 day moving average. This time is different. Stocks are moving up while percent above is moving down -- the large caps are carrying things it seems?

Capitulating. RSP, equal weight S and P, seems to be holding up and now capturing 20 day MA. Transports about flat, still worried about bearish flag there. Parabolic SAR now indicating buy signal. That usually lags but that's ok, for me it confirms the uptrend. I was waiting to see if we were going to break out of the long term consolidation or head back down. Slightly following my seasonal which says 100%S today but I just can't put that much in S. Been burned too many times. When S drops, it drops hard! 60S/40C COB today. Good luck everyone!

Was browsing around and found this today. While SPX has been steadily climbing, RSP has been trapped in a trading channel (much like the IWM). I would be more confident in adding more in if IWM and RSP (and the transports) were more in line with SPX. But there continue to be divergences. Oh, and percent of stocks > then 50 day moving average is hovering around 50%. That peaked in mid April at around 95%.
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Noticed that HYG fell a lot yesterday. Wondering if this is the beginning of forming a bearish flag.
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Good catch. It looks like a possible lower high forming, although it would have to go below the prior low to make that official.

Well they opened up a rescue operation this afternoon. Those of us who went to G recently just got pies in the face.

Higher lows on the VIX but yet the market keeps going higher. More divergence.

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Great observation! Thank you Retread!

CNN Fear and Greed index drifting lower all year. Don't know what that means though. More divergence?
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