INTERMEDIATE-TERM: VERY CLOSE TO A TURNING POINT, NOT SURE IT’S A TOP OR BOTTOM THOUGH
See 03/01 Market Recap, there’re several cycles due this week or early next week, among them the 03/08 could be the most important one. The market rises into 03/08 then 03/08 could be a top while the market drops into 03/08 then 03/08 could be a bottom.
SHORT-TERM: COULD SEE A PULLBACK VERY SOON
今天有三个问题,都对牛牛不利,所以very short-term应该会有pullback。另外,今天的After Bell Quick Summary也提到了,明天既使涨,most likely也涨幅不大。
0.0.2 SPY Short-term Trading Signals,黑棒棒,好像最近第二天都收红了。
2.3.4 Nasdaq Total Volume/NYSE Total Volume,Nasdaq volume to NYSE volume ratio过高表示大家都很牛,因此多半意味着top。
上面table里的东东如果没有注意的话,这里再提醒一下,1.0.2 S&P 500 SPDRs (SPY 60 min)有14个unfilled gap了,去年最牛的时候最多有15个unfilled gap。1.1.0 Nasdaq Composite (Daily)有9个unfilled gap,而去年最牛的时候最多也是有9个unfilled gap。现在比去年更牛吗?至少从inflow liquidity (courtesy of stocktiming)看,the answer is no。
STOCK SCREENER: For fun only, I may not actually trade the screeners. Since SPY ST Model is in BUY mode, only LONG candidates are listed. For back test details as well as how to confirm the entry and set stop loss please read HERE. Please make sure you understand the basic risk management HERE.
Since the intermediate-term direction is not clear, so no stock screeners from now on until the dust settles.
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