four
5,087 posts
msg #137942
- Ignore four |
9/2/2017 7:35:27 PM
Volatility remains low. $VIX spiked up above 14 on the day ofthe missile launch, but closed way below its highs that day. As long as $VIX continues to close below 13, stocks can rise without much worry.
In summary, the bulls have returned. So, with the put-call ratios turning bullish (or about to), and with $SPX having broken through its downtrend line, there are no remaining negative indicators in our arsenal. Therefore, we are bullish for both the short term and the intermediate-term at this point.
Stock Market Commentary 9/1/2017
By Lawrence G. McMillan
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pthomas215
1,251 posts
msg #137943
- Ignore pthomas215 |
9/2/2017 8:14:22 PM
Thank you. falls in line with what some others have said. next week is up n down..then 9/12 week is the start of SnP running to 2550.
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pthomas215
1,251 posts
msg #137958
- Ignore pthomas215 |
9/4/2017 10:27:01 AM
JP: ""let's hope Trump doesn't piss anyone off over the weekend"". No, he didnt. Actually, he was working on the ground level with people who had their lives ruined and was huggin babies. so you're good on that one.
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johnpaulca
12,036 posts
msg #137959
- Ignore johnpaulca |
9/4/2017 1:02:20 PM
Thank goodness cuz holding AMZN and XIV, both with similar patterns, although didn't like the close below BB40 on Friday....AMZN not exactly a penny stock, eh!
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johnpaulca
12,036 posts
msg #137967
- Ignore johnpaulca |
9/4/2017 7:31:17 PM
/CL...looks like a breakout from a bull flag Tuesday, SCO will then breakdown from it's bear flag...should be interesting tomorrow.
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johnpaulca
12,036 posts
msg #137968
- Ignore johnpaulca |
9/4/2017 7:35:06 PM
/GC...looking for the pullback, very overbought.
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johnpaulca
12,036 posts
msg #137969
- Ignore johnpaulca |
9/4/2017 7:40:50 PM
Looking at these setups for Tuesday, will need to see SPY retest and some consolidation at $146.46
WMB = $30.06
EXPE = $148.23
CSRA = $31.92
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johnpaulca
12,036 posts
msg #137970
- Ignore johnpaulca |
9/4/2017 7:53:11 PM
BLK = $421.78
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johnpaulca
12,036 posts
msg #137973
- Ignore johnpaulca |
9/5/2017 9:11:54 AM
johnpaulca
10,930 posts
msg #137967 9/4/2017 7:31:17 PM
/CL...looks like a breakout from a bull flag Tuesday, SCO will then breakdown from it's bear flag...should be interesting tomorrow.
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oil breaking out..SCO will take a nice hit.
XIV and AMZN will need some TLC, should have sold when it closed below BB40...rookie mistake!
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johnpaulca
12,036 posts
msg #137975
- Ignore johnpaulca |
9/5/2017 9:42:20 AM
johnpaulca
10,932 posts
msg #137969 9/4/2017 7:40:50 PM
Looking at these setups for Tuesday, will need to see SPY retest and some consolidation at $246.46
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re-test in play with BB40 support now at 246.51
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