I don’t know precisely which way earning season is going, I personally haven’t a clue. I tried to find out at Tim Knight’s...His crowd is pretty dead set on NO new yearly highs....
When I have the smartest guys in the room...saying no way does the Dow make it to a new yearly hi....( and even taunting me, for even bringing up the subject)..
That’s precisely when My own personal red flags go up..
Market sentiment, must be really really low....
I have to assume we are all like this..And the market has lulled us into this mode... eyes are trained to the PAST...FEB 27th market correction, and NOT looking FORWARD OR NUETRAL.....
CAN the tech, biotech and drug sectors....announce record earnings .with record earnings forecasts.....with energy sector a close second....
IF THEY DO..and this is 50/50....be ready for NEW ALL TIME HIGHS on the DOW...
9 comments:
Z-Stock
Bear with me if I ask you stupid questions, but I am still learning the 30 degree/50MA.
Ok look at the chart on AMD. Based on the 30/50 that means AMD will eventually want to go near the 50MA. Problem is when do you know to buy?
Zstock,
Based on the following examples....
Can you tell me if I evaluated each scenario correctly?
RSH - Not sure what to do with this stock. Both 20MA and 50MA sloping upward at 30 degree. The stock is above both MAs. Looks like this stock wants to go higher.
TRID - Nice doji @20. 50MA sloping upward at 30 degree. The stock is trading below 50MA and wants to go higher. Maybe take profits @21.
TXN - Same as TRID. Buy @30 and sell @31.
HAS - Not sure what to do with this stock. 50MA upward at 30 degree. Stock touching 50MA. I guess I need to wait for this stock to keep falling, before I can buy it.
AZO - 50MA sloping upward 30 degree. I guess I can buy this stock @127 and let it bounce off the 50MA.
NTRI - Looks like the only stock that is shortable. It has 50MA sloping downward. Might be good short @52 and cover @48.
Let me know if that's correct and if not let me know what's wrong with my evaluation. Thanks.
Does 20MA play any role in this assessment?
I guess what I'm asking you regarding 20MA is what if 20MA is flat or sloping down, but 50 MA is sloping upward at 30 degree?
doc...NOVA..
I think you have it all figured out....IT really is some serious rocket science....kidding....
I might buy RSH at 26 (50 day) 70/30 RSH at 24 (20 day) 80/20 or even 90/10....
AZO...I can’t tell ...with certainty..
AMD...eventually moves to 50 day..and then fails to move above 50 day....just don’t know..when either...
HAS.. is real close to buying....might have been FRI...
Ntri..correct..
Trid .. correct..
In these scenarios, 20 day is useless...
IN 20/50 trap.(When stock price is between 20 day / 50 day )..20 day is crucial.....but that's altogether another scenario...
If you can imagine RSH, dropping to 24...RSH, would be in the 20 day 50 day trap...The buy signal, is RSH resting on it's 20 day, ready to go 50 day...
I need a scanner.....&(^%*(&^8...It's easy to see, difficult to explain...
Thank you Z-stock for all your help.
Now, I will begin spotting it and have you double check my work.
I trust your system 100% and I will follow it as you've outline. Only thing I need you from you is to correct me when I'm wrong.
Z-stock,
I spotted 50MA 30 degree:
XING, TXI, FZN, CTSH, CTXS (buy)
All these stocks are touching 50MA and its sloping upward at 30 degree.
Please rate them from best buy to worst buy. (best buy in the beginning)
Rather than an order best to bad...I put ratings 80/20 being ideal...two potential.. 90/10..= perfect...
Xing spent one day under 50 day...mar 5, look for same setup...or it’s buy now...XING, way above 200 day... very bullish...Plus telecom sector red hot...AT $16.xx / $16.25 = 90/10 entry signal...
TXI , i saw that one too..(it’s in the list of 40 more I posted in 30 degree / 50 day...comment section..CHRW, APOL..+ others...)...TXI I’m a little confused...up then down gigantic....I think it goes below 50 day...and then the signal, is stronger..
FZN. Is plain strange..
CTSH..buy now,,,or let it retest 87.5,,then buy for sure..87.5= .80/20...
CTXS...did you know 31.8 is 200 day...click on CTXS, and go to big chart....above the 200 day is awfully bullish signal...I’d say keep buying anytime...
CTXS at 30.8= 90/10..buy...I don’t know if we see that price...
Other 40 in 30degree / 50 day post... comment section...they haven't set up yet ...but they will someday...
Zee -- just fyi, Time was not bagging on you for your comments, but the other guy (WMD?) who was being an asshole. Excuse my french. I think people were just giving you a hard time for suggesting the arbitrary start point.
Now Tim is crying today, so maybe that's another red flag?
Jake, it was partly my fault...I should have been more precise...I meant...(Mar LOW 11,950).....then I think someone would have understood me.....or NOT....
after all no one trades the way I do....and if they do....they're not blogging...about it....
I've been searching for another blog that uses EPS and Channel percentages...to predict odds of future stock prices....
zzzz
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