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Why the rush to get MJ?
Most all boats sink or rise relative to the ocean's level.
The broader market will not stabilize until the COVID-19 infection numbers peak, and for now that a huge unknown. I can't see MJ being a lead sector out of this abyss. No bottom fishing for me, yet.
Weekly MJ Chart
We will soon find out. I'm okay as long as principal stays intact.
If you are a long-term investor, bookmark this chart
Monthly $SPX Chart
If you haven't looked at the S&P 500 Composite regression to trend link in a while, I suggest you do to give you a context of how extended extended Mr Market was at Feb's end.
https://www.advisorperspectives.com/dshort/updates/2020/03/02/regression-to-trend-another-look-at-long-term-market-performance
I'd be happy if MJ just built a base.
Weekly MJ Chart
$SPX futures are up 2.63% as I pen this. I'm going to stick in G and F Funds today and be a little cautious and wait. It’s too risky to be doing any bargain hunting and buying at the moment with whip-saw risk high.
Let's see how today pans out as it might give more clues for a trade set up on 3/5.
Weekly C Fund Chart
Weekly VIX Fear Indicator
Correction in my previous linked post. I put "...8-week..." and I should have said 8-day price EMA.
In any event, a move into C Fund is not happening today as currently the 8-day EMA is functioning as resistance.
5-minute $SPX Chart
With the VIX's RSI dropping below 70 today, I'm looking to establish a 40% position in C Fund on Tuesday if $SPX's price is trading above the 8-week price EMA around noon.
May the Force be with us.
C Fund Daily Chart
Daily VIX (Fear Indicator) Chart
Daily VIX Chart
13-year Monthly Chart C Fund
$SPX Monthly Chart
The current P&F Bearish Objective is 6.40 based on the triple-bottom breakdown which happened on 2/25. That's still a long way down from 13.75, the current value as I write this.
MJ's Point & Figure Chart
What's the VIX fear indicator suggesting?
$VIX Weekly Chart
The VIX, sentiment numbers, and Technical Analysis will be our friend to help figure that out.
I'm short and intermediate negative on stocks, yet the long-term trend is still up. F Fund is the safe place for the time being.
The yellow Flag that was out went to a red one this past Monday. I am confident the green flag will emerge again.
Stay alert, friends. I will keep you updated when I see an opportunity to jump back into stocks and out of F Fund.
I believe you are correct, baja6string it is an intermediate bearish sign.
I use the weekly chart to forecast the intermediate-term trend, and the bias is now down with the C Fund trading in the lower half of the 34-week Bollinger Bands. See the weekly chart at the link below.
Weekly C Fund Chart
The long-term trend is still up as I use the monthly charts for estimating that. We would have to have a monthly close < 2822 to turn me bearish.
Monthly C Fund Chart
P&F Bullish Reversal
The point and figure is currently 24.30. When I looked at it earlier this month is was bearish with a price objective of 12.65.
MJ P&F Chart
Importance of Tracking US$
US$ Weekly Chart
TSP Talk--S Fund 2/12
S Fund
TSP Talk--I Fund 2/11
I Fund
I concur with your assessment, gumbie05.
I looked at MJ's point and figure chart and it's currently negative with a tentative price objective of 12.65 because of a double-bottom breakdown on 7 Feb.
MJ Point & Figure Chart
TSP Talk--F Fund 2/10
F Fund
TSP Talk--C Fund 2/6
C Fund
Quick take: At the end of January the inflation-adjusted C Fund price was 133% above its long-term trend, up from 130% the previous month. This is a record high.
MJ Relative Strength Chart
gumbie05, he's an easy to use relative strength chart I use compaing MJ's performance relative to the S&P 500. When the chart's trend is down, the S&P 500 is outperforming MJ. Likewise, when the trend is up, MJ is outperforming the S&P 500.
MJ's Relative Strength vs S&P 500
I appreciate all the work you put into this pool. It was a blast!
SF30-KC29
TEN Over
SF Over
SF over
BAL under
KC over
GB under
Happy New Year!
I hope 2020 brings you health, abundant happiness, and success toward your goals!
frenchee
P. S. If you like pro football, check the Investorshub prize opportunities https://investorshub.advfn.com/NFL-King-Queen-of-the-Hill-Pool-2915/
Buf U
Ten U
NO O
Sea U
Merry Christmas!
LAR for the win
C Fund, Weekly Candlesticks
Looking great for C Fund with the heavy volume last week.
SEA for the win
You are welcome, fitzwell11
MJO is now a leveraged player
REX Shares Launches Leveraged Cannabis ETNs
KC for the win
They always are during a bull market.
My main point is this is not a time to fall to sleep...
Yellow Flag Out
Bull markets often end with a euphoric rally called a ‘blow-off top.’ We may have just had one
Tom Demark, CEO at DeMark Analytics, told Bloomberg on Monday that several technical patterns estimate that the S&P 500 top is here or “coming very close.”
How bad will the next bear market be?
GB for the win