Home Forums Members Forum My Thoughts On The Market

Viewing 15 posts - 1 through 15 (of 161 total)
  • Author
    Posts
  • Sean HymanSean Hyman
    Keymaster
    Post count: 3447

    The S&P futures chart is back to yesterday’s lows and threatening a trend line that’s held for a while. Institutions will be watching this. If it breaks, it could unleash the next wave of selling. We’ll see. Time will tell.

    Attachments:
    You must be logged in to view attached files.
    Sean HymanSean Hyman
    Keymaster
    Post count: 3447

    NASDAQ threatening one of its more aggressive uptrend lines. A clean break of it could unleash some more selling as well.

    Attachments:
    You must be logged in to view attached files.
    Sean HymanSean Hyman
    Keymaster
    Post count: 3447

    S&P futures broke below that trend line, so far. Selling intensifying again as its going back into a “fast market” like yesterday. A fast market is where there’s so much activity that quotes are changing sometimes, multiple times per second due to unusually strong activity/volume. At toppy periods, it’s a sign of more people panic selling.

    ThankfulThankful
    Participant
    Post count: 221

    Never ceases to amaze me how right Sean is. This is just the latest example. Sean, you gave us the 2200 level on the S & P during the last downturn. Do you have an update to your long term view seeing as the S&P has maybe so maybe not finally now gotten through Wave 5 vs March?

    Sean HymanSean Hyman
    Keymaster
    Post count: 3447

    Thanks.

    Addressed that in yesterday’s video. No one will know how far/how bad the bear market gets. We know they historically drop 30-60%. There has been one or two occasions where it was worse. With the speculation being even more rampant this time than some bear markets, I don’t anticipate it being only a 30% drop off of its highs.

    Therefore, one could put in an order for 40% off of the market highs. 50% and 60%. Or 30%, 40%, 50%, etc. The point is just to buy after massive market selloffs and to average down. No one will catch the bottom. But rather, value can be captured.

    Typically, once the S&P 500 starts to trade back up above its 50-week moving average again (after the previous long decline) then the bottom is usually in. The longer you sit on your hands, likely the better.

    Be sure to check out yesterday’s video where I addressed all of that. You’ll usually find that I’ve addressed many questions even before they arise, in those videos.

    ThankfulThankful
    Participant
    Post count: 221

    Thank you! I did watch the video, obviously light needs to dawn on marble head multiple times for the message to get through sometimes. Much appreciated!

    Sean HymanSean Hyman
    Keymaster
    Post count: 3447

    No problem.

    AvatarRandall Beam
    Participant
    Post count: 53

    GREAT JOB – your portfolio held up well this morning.

    Russell BarrettRussell Barrett
    Participant
    Post count: 13

    Hi Sean. I’m out of six of our current picks from selling early to build up my cash reserves. If this drops 30% or more, should I consider getting back in to some of these if they drop a good percentage? Or should I just wait for new picks? Russ

    Sean HymanSean Hyman
    Keymaster
    Post count: 3447

    You’ll likely do better keeping your cash for greater opportunities as the market drops overall.

    Sean HymanSean Hyman
    Keymaster
    Post count: 3447

    Many times, before a sell-off there will be a ramping up of the upward momentum just before the sell-off. You can see the change in the angle/pace of the NASDAQ here. Right now, it’s closed just a hair above that trend multi-month trend line. We’ll see where it goes next week.

    Attachments:
    You must be logged in to view attached files.
    Sean HymanSean Hyman
    Keymaster
    Post count: 3447

    Economically and market sensitive small cap companies (IWM) are breaking down again. A bad warning sign for the broader market too.

    Attachments:
    You must be logged in to view attached files.
    Sean HymanSean Hyman
    Keymaster
    Post count: 3447

    The S&P 500 closed right at the 20-day moving average (yellow arrow). With the RSI coming out of overbought and the MACD diverging lower, it could propel the market lower over the coming trading days and, if so, could accelerate the selling in the overall broader market.

    Also, notice the risks that the chart is showing us by how far the price is still above its 200-day moving average (emphasis with the red arrows…top of the market move relative to the moving average).

    Attachments:
    You must be logged in to view attached files.
    Sean HymanSean Hyman
    Keymaster
    Post count: 3447

    The NASDAQ is breaking below a multi-month trend line and the S&P 500 is teetering right upon the edge of its trend line. If it breaks, it could increase the selling volume in the overall market.

    Lots of NASDAQ leaders taking it on the chin today: FB, AMZN, NFLX, GOOGL, AAPL, MSFT, TSLA, etc.

    Attachments:
    You must be logged in to view attached files.
    Sean HymanSean Hyman
    Keymaster
    Post count: 3447

    The price ended up taking out that uptrend line on the S&P 500.

    Attachments:
    You must be logged in to view attached files.
Viewing 15 posts - 1 through 15 (of 161 total)
  • You must be logged in to reply to this topic.