- Rank: 36
- Followers: 17
- Votes: 58
- Years Member: 2
- Last Update: 30 October 2020, 18:02
Market Breadth Analysis
General Market Commentary
... and then everything changed on Monday. Sold most positions Mon-Wed and now mostly in cash.
October usually has high volatility, esp. in an election year, and with potential for contested result.
Banking and insurance found some relative strength, which is generally bullish.
ARK Funds large buys: DOYU and WORK
Ten I am stalking/holding: (in work)
Could I be wrong? You bet! When I realize I am I try not to stay wrong for long.
101 Buy-and-Holders: Fed has your back
102 Investors: closed on support at 20-week
103 Swing Traders: bearish (but likely close to a buying opportunity)
104/105 Active Traders: bearish
106 Aggressive?: bearish
107 Defensive?: mixed
108 Top?: no top in sight (did we just have a top and it did not signal it?)
109 Bottom?: no bottom signaled
110 Intermarket: bearish
111-113: Sector strength: telecom and util still have relative strength=bearish
114 Cap size & growth/value: small/mid outperform=bullish
115 Factors: --> such a mixed bag I have no useful comment
116 US Dollar: stronger ; need down to help precious metals and materials
117: Asset Rotation: Stocks 2, Bonds 2, Real Estate 0, Gold 3
400-405: Various factor ETFs side by side, and relative strength (RS) versions as well
501-508: Simple ETF approach: ARKW, TLT, XLRE, SLV (yes, ARKW is best of breed for stocks)
6xx charts for my son (if present)
Stock selection: Chart 118
Recommend "Trading in the Zone" by Mark Douglas about the mental game.
Note: The profile says PRO but I am an engineer. Updates on weekends.
Finally: "It is enough to identify prevailing conditions and respond to them as they change, without any need to predict." -- John Hussman
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