Comments on: Major Stock Indexes At Primary Downtrend Lines https://rightsideofthechart.com/major-stock-indexes-at-primary-downtrend-lines/ Stock Trading, Investing & Market Analysis Mon, 23 Jan 2023 00:04:54 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Jeff Vandenburgh https://rightsideofthechart.com/major-stock-indexes-at-primary-downtrend-lines/#comment-25578 Thu, 01 Dec 2022 18:41:33 +0000 https://rightsideofthechart.com/?p=209901#comment-25578 I’m still leaning bearish on the Dow Jones (DIA, /YM, or /MYM) even more so than the other indexes. Although the Dow has made a new higher high, it’s done so with negative divergences and with PPO exhibiting a bearish cross on the daily charts. Since the Dow has outperformed the other indices this year, I’m speculating that there could be some year-end rebalancing over the next few weeks, where PMs sell some down some of their outperformers to balance out position sizes with their underperformers. Perhaps a pair trade of short DIA against long QQQ could be a conservative way to play it.

]]> By: LanLord https://rightsideofthechart.com/major-stock-indexes-at-primary-downtrend-lines/#comment-25577 Thu, 01 Dec 2022 17:39:31 +0000 https://rightsideofthechart.com/?p=209901#comment-25577 I’m really confused trying to follow. Are you expecting break out or tank?

Picked up some SQQQ yesturday but got stopped out of silver/gold/TLT and IEF. Making all kinds of mistakes. Also- WEAT keeps sinking.

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