Comments on: Stock Market Trend & Breadth Indicators 3-8-21

By: Alan

Alan — Tue, 09 Mar 2021 15:45:08 +0000

In reply to toddabauer. Long would have been the right call since we were at support - Q's at 300. But never short at the end of a down day and never short at support. You could short now at at 311 on Tuesday morning. but I would wait for a break down first.

By: toddabauer

toddabauer — Mon, 08 Mar 2021 20:52:22 +0000

In reply to toddabauer. Any one taking positions short or long going into the close?

By: Ben

Ben — Mon, 08 Mar 2021 18:53:20 +0000

In reply to CR128697. Just took a short in the DOW, probably close it at the end of the day :)

By: toddabauer

toddabauer — Mon, 08 Mar 2021 18:53:06 +0000

OK so as Im watching.. QQ is moving down below 305.. currently 304.77 question to shorts.. You covering at 297 this time? or sooner or not at all?

By: CR128697

CR128697 — Mon, 08 Mar 2021 18:20:56 +0000

So $DIA is at an all-time high today and it’s leading the way in the growth to value sector rotation. It looks as if the quants/algos have $DIA in charge and the market may not be breaking down..This reminds me of the March 2020 lows when everyone was waiting for SPX to bottom out at 2100 which it never did but $DIA hit the projected long range bottom almost to the penny. Everyone was waiting for a backtest of SPX but it never happened….$DIA set the bottom then and may be shoring things up now.