DJIA’s longest losing streak since 1978 not likely to cancel Santa Claus Rally. Following the end of the previous 11 streaks, DJIA was higher 72.7% of the time 1-week, 2-weeks, and 1-month later. By the 3-month-after mark DJIA was higher 81.8% of the time. https://t.co/1v4GXzSxhR
$SPX McClellan Oscillator "OVERSOLD"
EVERY TIME it has achieved Savvy Oversold conditions over the last 4+ years, SPX has bounced, within a few days by 4%+. Last occurrence in June, and then... If occurs again, new all-time highs afoot
$SPY $QQQ $DIA $NYA $IWM $ES_F
S&P 500 ⤴️ up 4.5%+ since.
Avg. annual return since 1950 = 9%+
Opportunity cost realized = 4.5%
Lesser drawdowns through market timing exercises works for the newsletter provider, not for the average investor.
$SPX $SPY $QQQ $DIA $NDX
I think Im the only person who thinks the rather sizable jump in headline and core (m/m) #CPI for Jan and across services/OER was incremental enough to set too high a bar for Feb's rate-of-change to comp, let alone accelerate. I've been wrong in the past... recall that time 😉
I asked ChatGPT to summarize recent customer testimonials for my ETF Swing Trading service, and am posting the resulting AI summary. (https://t.co/m8N8rMt0bk has been postings daily since 2009!)
We're just getting started! MMs need to burn off today, tomorrow, and Sunday's theta for 30d $SPX options in this session. The ensuing $VIX bleed is real 😺
Woopsie!
Throughout 2023, Wall Street Firms have mis-calculated the excess savings drawdown.
JPM, which formerly stated it had completely drawndown in Q3, revises excess savings to total $800bn end Q3 and drawdown some time in 2024
$SPX $SPY $QQQ $DIA #economy#consumer
Do it, DO IT NOW!
Now would be a good time for Semiconductors to flex their leadership muscle.
If market is to renew the uptrend, leadership has to lead. Semis relative to S&P 500 at "support/resistance".
$SPX $SPY $SMH $SOXL $QQQ
September is a tough month to trade. Here are the trades https://t.co/m8N8rMt0bk has closed so far this month. (My ETF trades are 2-10% of portfolio, parallel option trades $2500-$5000. Average hold 5 days.)
After taking a +4.3% profit on $SVIX Friday (10% position), having to stoploss $IYR trade for a -2.3% loss (5% position) on a break below MA(200). We can't win them all — just 8-9 out of 10. # ETF https://t.co/m8N8rMt0bk
Took more ETF swing trade profits today on $TECL (3x $XLK Tech) — +3.0% on a 2% (of portfolio) trade. Holding $IYR $DRN $XLV $CURE over the weekend. ETFSwingTrader .net #ETF
Sample Trade. $XLK has RSI(2) < 30 in a solid uptrend. EMA(20) acting as Support. Buying 2% $TECL (3x) on the Close. This is a 2-3-5% progression, which I will add to if the trade moves against me. ETFSwingTrader DOTnet
Finally closed out first trades for the week yesterday. +1.1% profit on $DXJ (large 5% position), +22.7% one-day profit on $JETS July28 21 calls, as well as +2% on $JETS itself. Consistent profits with ETFSwingTrader DOTnet