INTERMEDIATE-TERM: RISE TO 03/08 THEN PULLBACK TO 03/16?
See 03/05 Market Recap as multiple Gann days are due around 03/08 and 03/16 and the market is pretty overbought so the logic guess is it could pullback from around 03/08 to around 03/16.
Overall according to the past II pattern, I believe eventually we’ll see a bigger correction. Just for now except for the Gann theory arguing that 03/08 could be a major top, I have no other evidences supporting an imminent big correction.
SHORT-TERM: OVERBOUGHT
短期还是看pullback,除了一堆overbought以外(See table above),最新的Institutional Buying and Selling Trending (courtesy of stocktiming)的distribution (red) curve又到了非常低的位置,注意看黑线,前几次这么低的时候,都有比较大的correction发生。
2.0.0 Volatility Index (Daily),黑棒棒看着有反转的可能,这对大盘不利。顺便说,VIX在过去18天里跌了17天,这个至少从1990起到现在是从来没有过的事情。
1.0.9 SPX Cycle Watch (60 min),这个看一下,明天盘中又有两个cycle due,当然是极短期的。
STOCK SCREENER: For fun only, I may not actually trade the screeners. Since SPY ST Model is in BUY mode, only LONG candidates are listed. For back test details as well as how to confirm the entry and set stop loss please read HERE. Please make sure you understand the basic risk management HERE.
Since the intermediate-term direction is not clear, so no stock screeners from now on until the dust settles.
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