Check your charts for details on where we land. The Boys are pros. No one will say SELL including Cramer. The exodus is deceptive. SPY cliff.
$SPY of course this time Yale is right with thief "crash" index... laughable.... will be at ATH again shortly
%% 50 day moving average is $233.07, on SPY, Phil. It sure could go below + has;+ looks like its going up. Regardless of what direction its goes, main 50 day, 200 day trend is uptrendingbull market; but TGT, RL are in down-trending bear markets, 1, 2,3, 4, 5 years of downtrends. NOT a prediction; wisdom is profitable to direct.
Do you find that the 50 day moving average is a good substitute for the 55 day high when entering a breakout?
%% I have used 50 +55dma........; both of which maybe better than WSJ 65 dma, which is too little, to late -LOL-LOL. To put it simple,B1S2,I like 50 dma for many reasons that include IBD likes, newspapers publish 50 dma. In other words, even though its late in the season, of OCT,NOV, DEC, JAN, MAR, APRL[Stock Traders Almanac Book]]; i like 50 day ema ,its faster than 50 day simple moving average[slower moving average] But many funds+ elephants like, the 50 day[slower] simple moving average.......
What I meant was if you thought that the 50 day MA was a good proxy for the Turtles 55 day high breakout rule.
%% Buy 1 Sell 2; Some of those turtles will not say anything, or trade-INVEST S+P/SPY TRENDS. Most anything is better than WSJ 65 dma. WSJ [Wall Street Journal] 65 dma is too little, to late.
Balance sheet unwind won't happen till end of year and no plans set in place. Open green! Too many expecting sell off. Does opposite
%% 50 day[ + 200dma] moving average is till uptrending on SPY,QQQ[ IBD charts have 50 dma SPY @ $235.40, . ]Its 1:14 Central Standard Time-NOT a prediction.I read an unknown arthur,article that just called'' longs dumb money. '' To call an uptrending 50dma + 200 dma is dumb, double dumb + juvenile, in APRIL. But TGT stock is still in a bear market, below 50 dma, below 200 dma. NOT a prediction; thanks Phil
I miss the good old days when markets only went up on reckless monetary policy, not on utter incompetence in the White House.