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The Message Of the Market

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The 3 Day Chart turns up with 3 consecutive higher daily highs. This is intraday highs, not closes. The 3 Week Chart turns up with 3 consecutive higher weekly highs. This is intra-week highs, not closes. The opposite is true for turndowns in each. The 3 Day Chart and the 3 Week Chart do a […]

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$3 Trillion Market Cap for Apple – Do Traders Care?

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What’s the big takeaway in this week’s sentiment survey? Traders are a little less excited about Apple (AAPL)… right when the company reached the $3 trillion market cap. SPX Bulls Back Off January tends to be a good month for stocks, but bullish sentiment backed off a bit from last week. Bitcoin Sentiment Edges Lower Bitcoin […]

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What Is the Best Month for Stocks?

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What Is the Best Month for Stocks?April is the best month of the year for the stock market, based on S&P 500 data since 1980. The S&P 500 rises 2.0% in April on average, higher than any month. The S&P 500 has also been up in 31 of the 42 last Aprils, or 74% of […]

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Riding the Rollercoaster into 2022

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strategic-swing-trader-sami abusaad

Sami was bearish around 2 weeks ago when the market looked like it could break the weekly trend. But now, after last week’s bullish move, it’s starting to look a little lower again, although it could be moving back up soon. In this video, Sami explains: – What he likes so much about CYH – […]

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Scott Redler’s Dog Bytes: Trading F.A.A.N.G in 2022

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The first level to hold is SPX 4786 then we’ll see if there is strength to clear 4808. Be on alert because 2021 winners may get sold now that taxes are pushed off until 2023. And beaten down names can get a lift because tax loss selling is over. Support for the week is 4765ish. F.A.N.G. […]

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Gold Update

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The huge bull market in gold in the 1970s produced a halfway peak at the end of December 1974 and corrected to the lows of August 1976 before resuming the rally into 1980. The correction lasted 20 months. This ties to the important 18 month or 540 degree/day cycle I have written about that dominates […]

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7

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“What’s in the box?” – The movie, Seven As the bell rings on 2022, the bull will be 4686 days counting from the March 6, 2009 low. Rounding off and moving the decimal point to work with the Square of 9 Time & Price Calculator gives 469. Breakage back below 469 (which ties to the […]

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Whatever Happened to “Don’t Fight the Fed?”

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The market has been ramping since December 20 on very low volume, the SPX hitting new highs and the DJIA joining in yesterday. On Wednesday, the SPX turned its dailies down for the first time within its runaway move. This means it traded below a prior day’s low. When this occurs the first time in a fast move, it […]

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A Trifecta of Patterns

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“As long as karma exists, the world changes. There will always be karma to be taken care of.” – Nina Hagen On 11/22/21, the SPX truck an ATH at 4744 and reversed with authority, closing on its low and leaving a Key Reversal Day. It led to a decisive retreat of 248 points over 9 sessions. Needless […]

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Do Traders Believe in Miracles? YES!

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What’s the big takeaway in this week’s sentiment survey? Traders are more bullish pretty much across the board. In this week’s survey, bullishness grew on all of the assets we track aside from gold. Now let’s dig in: SPX Bullishness Shoots Higher Last week, there were worries the Santa Claus rally would not come through, thanks to […]

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