- Rank: 36
- Followers: 16
- Votes: 54
- Years Member: 2
- Last Update: 22 October 2020, 10:21
Market Breadth Analysis
General Market Commentary
Options week put everything on stall.
The myriad of data I look at indicates bullish for the intermediate/long term.
Expecting higher next week and then a drop (buy).
ARK Funds new buys: DOYU and ZM
Ten I am stalking/holding: AAWW, BJRI, DOYU, LAC, LE, PENN, PINS, RUN, TEN, GRVY
Could I be wrong? You bet! When I realize I am I try not to stay wrong for long.
GLD and SLV are about to make a move. I think it will be up.
Asset Managers killing it.
101 Buy-and-Holders: Fed has your back
102 Investors: good for now
103 Swing Traders: bullish
104/105 Active Traders: bullish
106 Aggressive?: bullish
107 Defensive?: weak=bullish (utilities?)
108 Top?: no top in sight
109 Bottom?: N/A
110 Intermarket: bullish (not sure what gold/dollar is telling me)
111-113: Sector strength: tech, indus, disc, util (renewable) still have relative strength=bullish
114 Cap size & growth/value: mid growth=bullish
115 Factors: --> maybe large caps are too much out of favor (expecting a little comeback)
116 US Dollar: inflection point; need down to help precious metals and materials
117: Asset Rotation: Stocks 4, Bonds 0, Real Estate 3, Gold 2
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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