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We are another 1 or

SPX 5 min

Posted by kevindeng0727 on 3rd of Jun 2020 at 02:08 pm

We are another 1 or 2 up days away from a new all time high in NYAD and OBV of SPX lol. 

Discussed the similar topic with

Posted by kevindeng0727 on 2nd of Jun 2020 at 02:59 pm

Discussed the similar topic with Matt here the other day.

Three consecutive days above 200

Posted by kevindeng0727 on 29th of May 2020 at 03:59 pm

Three consecutive days above 200 day SMA (three days rule for breakout confirmation) and week/month close above it.

Trump's speech not as negative as ppl thought, just my guess

Yea, perfect bounce on positive MACD divergence. The correction on 5 min charts looks like 5 wave to me, could be some degree of A wave down?

That's a long trade?

SPY and ES breakout trade?

Posted by kevindeng0727 on 28th of May 2020 at 03:49 pm

That's a long trade?

Thanks Matt. All indicators/models could fail so will be very interesting to see how things play out.

Hey Matt, some of the

Darn strong close today

Posted by kevindeng0727 on 27th of May 2020 at 04:04 pm

Hey Matt, some of the breath indicators I use ($SPXA50R, AD lines) are at levels that bear market rallies and counter trend rallies in strong corrections almost never reached in the past decades. The $SPXA200R could get there soon. So are my accumulation models for NDX and some sectors. We could still see 10ish% pullbacks but my models seem to lean to your wave 1 and then wave 2 correction scenario.



Thanks Matt. So what range

SPX 5 min

Posted by kevindeng0727 on 26th of May 2020 at 02:06 pm

Thanks Matt. So what range will be strong enough of a gap but not too strong? Becasue last week Monday's gap was similar size but able to trend most of the day. 

Hey Matt, another thing I

Posted by kevindeng0727 on 26th of May 2020 at 11:14 am

Hey Matt, another thing I am watching is the weekly MACD golden cross triggered last week I believe. On NDX it triggered ~3 weeks ago and on $SOX I believe it was 2 weeks ago. I am not sure whether you guys uses that signal, but I went through these signals over last 20 years and it seems like the market went up at least 2~3 weeks after almost every sucn signal. 

Yea. Laggers are catching up. 

Posted by kevindeng0727 on 26th of May 2020 at 11:11 am

Yea. Laggers are catching up. 

By the way, if the

Memorial Day May 25th Newletter

Posted by kevindeng0727 on 25th of May 2020 at 05:23 pm

By the way, if the futures stay around the current level, should we buy at the open tomorrow and stick with our trend day game plan? Thanks again.

Happy belated birthday Matt. Thank you for all the work you've done. I really like the money supply data you put in this newsletter. A lot of times, I found SPX:M2 or SPX:GOLD ratio to be more useful on longer term wave analysis. The Fed can pump the S&P 500 to any level they want, just a matter of how much liquidity is injected and whether the side effects can be tolerated. 

Exactly... Many of those people had been predicting a crash everyday thounsands of times and finally they were correct once lol

Hi Matt/Steve, today looks like another trend day?

Thank you. I've read those

SPX 5 min

Posted by kevindeng0727 on 18th of May 2020 at 12:48 pm

Thank you. I've read those educational newsletter but these posts gave me a better idea on how to trade that.

Thanks Matt for the educational

SPX 5 min

Posted by kevindeng0727 on 18th of May 2020 at 11:59 am

Thanks Matt for the educational information. 

So to decide if it's a trend day, we need to see a strong gap up (possibly above resistance) with no attempt to fill it in the first 15~20 mins, then we can add ES/UPRO? Is there anything missing in my current criteria?

Thanks again.

I wonder how they got that 47 number. Maybe because Amazon's 100+ PE alone increases the average by a high single digit?

For Apple, Google, MSFT and FB, their PEs are a bit high but far away from tech bubble levels. Amazon's PE has been high for a long time and probably shouldn't be measured using this metric.

Looks like today could be

Posted by kevindeng0727 on 8th of May 2020 at 09:33 am

Looks like today could be an exhaustion gap

I agree. I was not trying to explain 'why' the market goes up or down (which is really stupid), but I think a lot of smart people look at insider buys and sells and if/when dudes like Buffet makes a big deal. His deal with GS in 2009 was very close to the bottom of that bear market. But otherwise, the insider buys have dried up recently as the market rallies. 

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