Looking good. Not over bought yet even with a higher high today:
Little bit of weakness after my entry. Was expecting this so I only did 50%. I'm ok and redid the midterm channel for February. I like the top half of the long term channel too:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Looking good. Not over bought yet even with a higher high today:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Breakout above long term is confirmed. I have us overbought. With the stimulus being pushed through I am not issuing a sell. The Midterm channel looks so strong it's 60/40 that we can embed. Last time we stayed three weeks bouncing between 60 and 82 on Stochastics RSI. So I am in the watch mode:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
DOes "overbought" lose some meaning when we are talking about a collection of stocks, not a single stock? I was under the impression overbought was connected to the P/E ratio for the stock (Can you do an aggregate P/E for S&P 500 for example?). Thinking out loud here but I guess if the majority of stocks in an index fund are overbought, the ones that aren't may not buoy the index enough to keep it growing. We certainly chart the S&P 500 or DWCPF the same way we do a single stock but something makes me feel like using the same terms like overbought and oversold imply a cap that cannot be supported by the index. Just musing. Thanks again for the great chartwork Bquat! Good luck to all riding the wave up.
I was referring to just the S fund because that is what I'm in.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Seeing some weakness today but I have us embedded to the upside. I don't think anything is broken and that this dip is being bought. JMO:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Men, Whipsaw Wednesday is here...
I pulled more off 70G 20S 10C
IFT COB 2-10
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I meant "Man," I did not mean to exclude the better gender
Did somebody say Whipsaw?
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Yesterday's weakness was not enough to take us out of being embedded. Staying 50/50 S/G:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Ok, what just happened
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
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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