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pltr is down in after-hours trading by 9%. Despite good reporting for Q1, they lowered their outlook for the year and it seems that isn't what the market wants to see. appl was also sold in a very large chunk by brk, reducing its own composition of appl by 13%. That's millions of shares back in the market.
The reason the NDX Bullish % index gave a bull signal but the S&P Bullish % index did not was that the S&P Bullish % index never went below 30. Both indices reversed. Is it really fair to "penalize" the S&P Bullish % index just because it never got as negative as the NDX Bullish % index? Perhaps a better signal would be when the index reverses by a certain amount.
Many indicators are derived from a range of values, e.g., past 50 day, past 200 days, etc. Since the indicator value is based on a given period, wouldn't it make sense to plot the indicator value at the midpoint of the period? So the 50-day SMA, e.g., should be plotted at 25 days in the past. If an indicator uses an exponential moving average the, place to plot the indicator would be (something like) the day on which the underlying price was the same as the current EMA value.
Just read charts vs opinion, seems on ES, weekly MACD crossed down 3 weeks ago while the current rally started. Also latest up move on low volume especially last 3 days. Weekly MACD still down during this daily rally. And the red candles had higher volume. So of course no guarantee, but i'm playing a turndown soon to a new low. Excellent video as always!
This rally is driven by options and short covering, MACD doesn’t account for that, with retail jumping back in things could get crazy over the next few weeks or months. Long everything
🧐 Dave's "Mindful Investor" ChartList: schrts.co/TTCbWDpE
👀 See what better financial charting can do for you!
Start your FREE 1-month trial today at stockcharts.com
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP.
✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe here: tinyurl.com/wvet7qj
Have a safe trip!
Thank you!! I appreciate your perspective and attitude
pltr is down in after-hours trading by 9%. Despite good reporting for Q1, they lowered their outlook for the year and it seems that isn't what the market wants to see.
appl was also sold in a very large chunk by brk, reducing its own composition of appl by 13%. That's millions of shares back in the market.
Excellent session on breadth thanks
Very educational. Thank you.
Thanks David. Great analysis
The reason the NDX Bullish % index gave a bull signal but the S&P Bullish % index did not was that the S&P Bullish % index never went below 30. Both indices reversed. Is it really fair to "penalize" the S&P Bullish % index just because it never got as negative as the NDX Bullish % index? Perhaps a better signal would be when the index reverses by a certain amount.
gt video talking about breadt indicators. want to know about te fibacchi 161% and how do we caluculate on stoc charts. my best
Your hair is on point again today! 🙌🏽🙌🏽🙌🏽
Great vid as always, safe travels 😮
fantastic content!!! THX!!!
Many indicators are derived from a range of values, e.g., past 50 day, past 200 days, etc. Since the indicator value is based on a given period, wouldn't it make sense to plot the indicator value at the midpoint of the period? So the 50-day SMA, e.g., should be plotted at 25 days in the past. If an indicator uses an exponential moving average the, place to plot the indicator would be (something like) the day on which the underlying price was the same as the current EMA value.
Thank you
Thats great..
Is RSI above 50 considered to be in positive territory or is so above 60?
Is this TA from a strategist? 😀😃😄
Strategery is important!
Signed,
George “Dubya” Bush
Thank you, David, for your excellent analysis.
Just read charts vs opinion, seems on ES, weekly MACD crossed down 3 weeks ago while the current rally started. Also latest up move on low volume especially last 3 days. Weekly MACD still down during this daily rally. And the red candles had higher volume. So of course no guarantee, but i'm playing a turndown soon to a new low. Excellent video as always!
This rally is driven by options and short covering, MACD doesn’t account for that, with retail jumping back in things could get crazy over the next few weeks or months. Long everything
Love the show but for the life of me I can't understand why it matters where you're broadcasting from or what the weather is like in every episode 😅
You may be right. -Dave (currently in sunny San Francisco)