Thread: retread's Account talk

WSJ 52 week new high/ new lows as of today

NYSE: 17 new highs / 591 new lows
Nasdaq: 37 new highs / 876 new lows

https://www.wsj.com/market-data/stoc...ekhighsandlows

This is what has me worried. These are monthly charts and look to be making bear flags. The downside target would be around levels at the 2020 election when the market took off and broke out.
C fund 2022-04-27 180840.png
S fund 2022-04-27 181052.png

I expected better numbers for the 52 week new high/new low given the huge rally today, But they still are not good.

NYSE 53 highs / 332 lows
Nasdaq: 42 highs / 502 lows

I don't understand this. Perhaps I'll stop looking at this. It makes no sense.

As of 5/13

NYSE: 12 highs / 203 lows
Nasdaq: 14 highs / 327 lows

This was the point yesterday when the market really took a dive. Whoever this is single handedly is responsible. He incorrectly said the market was reacting positively to Powell's message. I was watching the markets during the press conference and it had already turned red by then (after it was green earlier). As soon as he said it that I knew this was going to be bad. It really started to drop rapidly after he said this and Powell basically shut him down. Lesson: The market does the opposite of what everyone thinks is going to happen.
https://twitter.com/i/status/1587912245656551425

70bffx.jpg

NAIIM numbers as of today Last time it got this high was AUg 17th

Date	Mean/Average
11/16/2022	64.96
11/9/2022	53.33
11/2/2022	55.22
10/26/2022	53.91
10/19/2022	43.28
10/12/2022	19.84
10/5/2022	38.11
9/28/2022	12.61
9/21/2022	29.59
9/14/2022	33.86
9/7/2022	27.33
8/31/2022	32.36
8/24/2022	54.86
8/17/2022	64.44
8/10/2022	71.59
8/3/2022	55.28
7/27/2022	47.21
7/20/2022	44.48
7/13/2022	26.74
7/6/2022	27.85
6/29/2022	30.66
6/22/2022	19.86
6/15/2022	32.18
6/8/2022	50
6/1/2022	34.33

powell.JPG

Powell next week be like:

jprally.png

I give up. Always on the wrong side. Maybe an evenly distributed approach with something in G,F,C,S,I is the way to go. I really hate these CPI, PCE, Jerome Powell, FOMC minutes, etc "events" too. The market is so reactionary to these things and if you're on the wrong side (like I usually am), it's painful.

Originally Posted by retread

Maybe an evenly distributed approach with something in G,F,C,S,I is the way to go.

The 20% in each fund return last year was -13.60%. Not great, but it beat the stock funds.