xarlor 578 posts msg #158667 - Ignore xarlor |
2/25/2022 9:48:16 AM
The NASDAQ opened in bear territory yesterday. That rally brought it back into correction. Still not out of the woods.
Here is a filter to show where the market stands in relation to correction and bear.
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snappyfrog 713 posts msg #158674 - Ignore snappyfrog |
2/25/2022 3:06:47 PM
Adding IWM (Russell 2k) shows it is flirting closer to a bear market.
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Cheese 1,374 posts msg #158678 - Ignore Cheese |
2/25/2022 4:19:37 PM
might be very early double bottom forming for IWM ?
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snappyfrog 713 posts msg #158679 - Ignore snappyfrog |
2/25/2022 10:28:22 PM
Good possibility.
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sr7 129 posts msg #158688 - Ignore sr7 |
2/28/2022 7:58:27 AM
I don't know if you all have noticed this but the Nasdaq did a Death-Cross a few days ago---this is where the 50 sma crosses BELOW the 200 sma.
And I think the S&P is about to do the same thing in the next few days.
The S&P already closed below the 200 sma a few days ago, but watch the 50 sma, it's already swooping downward towards the 200 sma, and if it crosses below the 200 sma --- that would be a death cross.
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snappyfrog 713 posts msg #158689 - Ignore snappyfrog |
2/28/2022 1:38:11 PM
I actually use the EMA(13) and EMA(48) for golden / death crosses.
The cross happened a couple weeks ago.
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snappyfrog 713 posts msg #158690 - Ignore snappyfrog |
2/28/2022 1:40:38 PM
With EMA(13) and (48)
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glgene 616 posts msg #158745 - Ignore glgene |
3/7/2022 3:37:25 PM
Xarlor -- Many thanks for your idea of showing the 'Correction' and 'Bear' levels on the major USA indexes (such as SPY, DIA, etc.).
I took the liberty of adding a few modifications for my personal use and am sharing below for anyone interested:
1) I am sorting on the "Price / 52-week high" number.. I frame it between triple Column Separators (so I can readily identify the sort column).
2) In addition to the Symlist you provided, I added a few optional data sources, such as SP500, Russell 2000, and personal Watchlists. Adding the Sector and Industry columns really help here.
3) I added an RMA(50) column and MA(50) line to the Price graph.
4) I added six(6) ROC columns.
I welcome any constructive feedback, Again -- Xarlor -- thanks for the idea!
-- Gene in FL
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glgene 616 posts msg #158746 - Ignore glgene |
3/7/2022 5:35:13 PM
After sending my SF message/script earlier this afternoon, I see these major indexes dropped into “Bear market” level by market close today, 3/7:
QQQ = 79.48 and IWM = 79.28.
Anything less than 80 is Bear territory (per Xarlor’s original post).
The other major USA indexes are in Correction mode (between -10% to -20%).
I encourage you to apply the Correction/Bear script not only to the major indexes, but to the other choices included in the script. Try the SP500, for example, and it will immediately show you the best stocks in that group, at the top — with regard to their measured score (pertaining to Correction/Bear levels).
Gene in FL
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snappyfrog 713 posts msg #158748 - Ignore snappyfrog |
3/8/2022 8:13:59 AM
gigene,
Great idea making a numerical value: "1) I am sorting on the
"Price / 52-week high" number.. I frame it between triple Column Separators (so I can readily identify the sort column)."
This makes it easier to sort for the best and worst stocks!
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