CAR-GO

$QQQ on the loose.

Two-week m a

Comments: 1) SPX >6993 is required to produce a signal via weekly close. 2) There were many prior successes since SPX inception, with notable failures in May 1957 and May 1969. 3) The best signals were qualified by greater drawdowns than the current case.

Tomorrow’s session should be informative. While geopolitical developments could easily derail the nascent SPX reversal, a show of strength, such as closing above the open and in the top third of the daily bar, would be constructive, in my view. Thank you Captain Obvious?

World Liberty Financial — at the center of Trump’s crypto empire — down 15% today and below .08. 52-week high was .46.

Equity put/call ratio goes sub .50 for the first time since January.

My pinned tweet works just fine.

The drift is more like an avalanche

You can see the head-and-shoulders bottom better on this hourly chart:

The market opened huge potential breakaway gaps from three-week head-and-shoulders bottoms this morning. To fill them, $SPY would have to decline to 659.61 and $QQQ to 588.98. How quickly the gaps get filled -- if at all – gives us an idea of how strong the underlying trend is.

Both gaps have been filled.

This morning’s gaps left an island top behind. $SPY would have to advance to 653.00 and $QQQ to 580.42 to fill them. How quickly the gaps get filled -- if at all – gives us an idea of how strong the underlying trend is.

83% of big daily advances occur below the 200dma. –Trivia Dept.

Happy Economists Day!

Many more Zweig Breadth Thrusts have been anticipated than generated.ll

3 straight days the Spoos have traded more than 100 handles off the highs

good times

Another day, another downside gap at the opening. $SPY would have to rally to 644.82 and $QQQ to 573.43 to fill this morning’s gaps -- and $QQQ still has an unfilled gap from yesterday at 585.69. How quickly the gaps get filled -- if at all – gives us an idea of how strong the underlying trend is.

$SPY has filled its gap. $QQQ hasn't yet.

$SPY would have to rally to 654.24 and $QQQ to 585.69 to fill this morning’s gaps. How quickly the gaps get filled -- if at all – gives us an idea of how strong the underlying trend is. Also, that 13-day ma has defined the short-term downtrend pretty nicely of late.

They've already been filled.

$SPY would have to decline to 657.03 and $QQQ to 587.93 to fill this morning’s gaps. How quickly the gaps get filled -- if at all – gives us an idea of how strong the underlying trend is… but if this morning’s gaps don’t get filled quickly they could be breakaway gaps.

Google it??

Remember when people were fired for their lack of reverence when Charlie Kirk died?

I stand corrected! They did not dub the video. YouTube did that automatically.
You can still access the original audio. Click on the settings (hover your mouse over the video while it is playing and click on the gear icon) and choose original audio.
Desculpe!

Walter Deemer: "Quando a Hora de Comprar Chegar, Você Não Vai Querer" (60 Anos de Trading) YouTube video by TraderBrasil

A recent interview of mine is now on YouTube:

www.youtube.com/watch?v=CcjK...

The soundtrack's been dubbed because the facilitator was in Brazil. I don't really sound like that...

The important thing isn't that the market's oversold -- it's how the market responds to its oversold condition. Meanwhile, Thursday's gap was finally filled.

They're just yolking

The Wall Street Journal - Breaking News, Business, Financial & Economic News, World News and Video Breaking news and analysis from the U.S. and around the world at WSJ.com. Politics, Economics, Markets, Life & Arts, and in-depth reporting.

83% upside day at 10:30. Need two in a row to have any significance. UVOL/(UVOL+DVOL); Lowry’s definition. Data per wsj.com. See cmtassociation.org/wp-content/u... for explanation.

Weekend Wall Street Weekend Wall Street [EN]

Admittedly not much -- but it's all we've got: www.ig.com/en/indices/m...

@Grok is this true?