Comments on: Stock Market At “Low-Volume” Correction Levels

By: Jackvu70

Jackvu70 — Wed, 26 Aug 2020 11:51:39 +0000

I have been scaling into QQQ short. The pain continues – seems stupid at the moment. Although I did it in Feb and it worked out. Randy can you profit 60 minute QQQ trendline support chart as of this morning

By: rsotc

rsotc — Tue, 25 Aug 2020 19:23:44 +0000

In reply to becky. /LB, WOOD, & CUT certainly getting extended with divergences on the daily charts of the latter two to boot although keep in mind that /LB is lumber futures while WOOD & CUT are ETFs that hold timber & forestry companies (stocks), not lumber futures. I'd give equal odds on either one more marginal new high to put in a divergent high on the /LB 60-min chart (below) or a breakdown (below the trendline) before that. /LB 60m & CUT daily charts below. Nice trendlines to watch for a sell signal on both. Ditto for WOOD, which is nearly identical to CUT (different ETF issuer).

By: roy0606

roy0606 — Tue, 25 Aug 2020 16:27:14 +0000

When i look at theCNN Greed and Fear Index seems as though not enough fear in the mkt. as of yet,showing reading of 73 or so , in Feb just before the drop as running above 97 and 98 daily then after selloff fell to lhigh teens and low 20;s hope your low volume signals work soon thanks Randy

By: Flanny3

Flanny3 — Tue, 25 Aug 2020 15:39:10 +0000

In reply to wilhud. nice , thanks for sharing. watching hyg too, should suffer a bit more.

By: becky

becky — Tue, 25 Aug 2020 14:47:02 +0000

@rsotc look at /LB and $WOOD. The thing looks so over stretched.

By: wilhud

wilhud — Tue, 25 Aug 2020 14:41:42 +0000

In reply to wilhud. LQD gapped bear flag?

By: wilhud

wilhud — Tue, 25 Aug 2020 14:39:54 +0000

Also worth noting. Apple (rather incredibly) hit $515, the 2.618 extension from the March sell off and has so far rejected.

& VXN the VIX of Nasdaq was tightly pinned, and may be attempting something? Worth watching.

By: wilhud

wilhud — Tue, 25 Aug 2020 14:34:41 +0000

In reply to wilhud. hold control and scroll your mouse wheel to zoom

By: wilhud

wilhud — Tue, 25 Aug 2020 14:32:39 +0000

I saw this chart from @stefanobottaioli on twitter this morning. Which was an interesting representation of market breadth relative to previous breakdowns

By: Flanny3

Flanny3 — Tue, 25 Aug 2020 14:20:47 +0000

Randy, great charts. I don’t think market will give us a sell signal this time, hence , scalin in the shorts…