- Rank: 36
- Followers: 25
- Votes: 138
- Years Member: 2
- Last Update: 25 February 2021, 12:02
Market Breadth Analysis
General Market Commentary
Lower week was expected with options expiration after the market had been moving up. I am expecting the weakness will continue this week but that next week will be stronger. That means I want to put my cash to work.
Real assets are developing: commodities (oil, copper, steel, etc) and real estate. Industrials too.
ARK funds large buys: ABBV EXAS PLTR and large sells: PSTG SPLK
Spreadsheet to see trends in ARK:
101 Buy-and-Holders: Fed has your back = bullish
102 Investors: bullish
103 Swing Traders: caution = bullish
105 Storm Track: short term bullish
106 Aggressive?: bullish
107 Defensive?: down = bullish for market
108 Top?: no top indicated
109 Bottom?: no bottom indicated
110 Intermarket: bullish
111-113: Sector relative strength: bullish
114 Cap size & growth/value: bullish
115 Factors: reversion to the mean = bullish
116 US Dollar: bullish for market if it stays under trendline
117: Asset Rotation: Stocks 3, Bonds 0, Real Estate 4, Gold 1
400-405: Factor ETFs and relative strength (RS) versions as well
5XX-6XX: ETF charts for my son to reference
"Trading in the Zone" by Mark Douglas about the mental game.
Note: Profile says PRO but I am an engineer. Updates on weekends.
"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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