not feeling nearly as bullish this week....not saying the markets are going to tank...just saying they are at a critical point on the charts.....IMO the markets are in no man's land....could easily go either way from here
spx daily...no man's land
spx weekly still looks good
spx monthly still very oversold...duh :) of course they can stay oversold for months on end...this chart is NOT giving any buy signals
vix...gb pats himself on the back for the retrace down to the exact spot that he said it would back in december....you are a chart god gb....lmao lets see what happens in the 47/50 area if it gets there...someday it will get back into the normal trading channel....really it will! hehehe
gold...i posted this earlier buTT i want to keep these together for reference
$nya50r...this chart cost me dearly last fall....i am posting it here not to say it is giving a sell signal....the sell signal comes from the cci100 above the chart....buTT i want to show how the markets have recovered....back in oct only 2% of all stocks on the nyse were above thier 50 ma....think about that....that is amazing!....now over 70% of all stocks are above thier 50ma...equally amazing until you think about it....the market was sooo beat down for soooo long that the 50 ma's came waaaaay down....the crossbar on the high jump event was lowered down to about 2 feet..lol...i might even be able to clear that. :)
that's it for today...plenty more charts to consider buTT the grandkids just showed up to spend the night.... ALWAYS KEEP YOUR PRIORITIES STRAIGHT....AT THE END OF THE GAME, WHAT REALLY MATTERS? THE SIZE OF YOUR ACCOUNT OR THE NUMBER OF PEOPLE WHO LOVED YOU?
damn that was deeeeeeep....i think i have a fever lol....catch you guys later
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