Best quarter in 5 YEARS!!

CNBC has this “For the quarter, the S&P 500 rose 7.2 percent, its best quarterly gain since the fourth of quarter 2013.”

The article further adds this “The Nasdaq Composite also notched a 7.1 percent quarterly gain, its best since first quarter 2017. ”

DMSI – delta market sentiment indicator is 56.0

Screen Shot 2018-10-02 at 11.22.44 AM

s&p 500 stocks above their 50 day SMA stabilized after it declined entire last week.

my decision – continue to stay in QLD and long on NQ

what’s going on in the market

Screen Shot 2018-09-28 at 10.30.04 AM

Friday Sept 28th around 10:00 am IST 00:30 am just past midnight New York time

today would be the last trading day of the month and also the last trading day off the quarter

Yesterday prices faded as the day ended. In the above chart $S5FI – The percentage of stocks in S&P 500 that are above their 50 days SMA…they have fallen the entire week!

18 points fall from August 29th from 73 to 55.

last time from June 12th to June 28th s&p 500 fell 83 points and $S5FI fell 21 points .

So that is a red flag

but the A/D line for NYSE actually went up

So i am little confused. Why did the market fade away so badly yesterday ? What are stocks falling below their 50 day SMA?

Now price is the true north star so

my decision  : I will continue to be long on QLD and I am also long on NQ

 

big red flag exiting NQ

Screen Shot 2018-09-25 at 12.35.52 PM

Tuesday Sept 25th 2018 around 10:30 am – 12:30 a IST, which is past midnight Tuesday 01:00 am – 3:00 am Tuesday New York Time

I have exited NQ with around 60 points gain. Looking at the above chart. biggest red candle in the number of S&P 500 stocks that fell below their 50 days SMA . Its a 10 point drop ! S&P 500 dropped little more than 10 points. Very great anomaly. for a 0.3 % drop in S&P 500 the number of S&P 500 MEMBERS that dropped below their 50 DAY SMA fell by 15%.

NYSE advanced declined line – 1918 stocks down on 2.3 billion volume. Only 896 stocks up on 992 million volume

one positive sign : NDX opened at 7477 with 45 points gap down from previous day close.

now that was the lowest too! It swung up 71 points to close around 17 point more than previous day’s close!

my decision : i have already exited NQ, I am continuying to hold on to QLD

 

the funds were buying everything

Screen Shot 2018-09-21 at 9.25.12 AM

Friday, September 21st 2018, around 9:00 am IST, around 11:30 pm Thursday Night New York Time

S&P 500 and Dow Jones Industrial average rose to all time high. Out of 197 industry groups tracked by IBD winners led losers by 7 to 1 !!

Look at the above chart – a 7.29 % jump in percentage of stocks in S&P 500 trading above 50 day SMA!  to 70.03!

Important note : Friday is quadruple witching day. Volume is going to explode.

QLD good up day, good upswing above 9 Day EMA, good volume – 1.174 Million. OBV increased to 11.83 million

NYSE Advance decline line – fantastic and highest! 1907 stocks up on 2.48 Billion volume, which is about 4 times the volume of 898 stocks down on 0.70 billion volume !

Top bull day!

Decision : i will continue in the market Long on QLD and NQ

 

unchanged Yom Kippur

Screen Shot 2018-09-20 at 9.57.57 AM

market remains unchanged. 65.27 % of S&P 500 stocks are above their 50 Days SMA.

Look at the chart above – QLD is in candle sticks weekly 2 years chart

IGV is software setor ETF and XLV is health care sector – QLD is up 124 % and

IGV – 76 % and XLV 30%

Nothing beats QLD

Decision : I will continue to be long on QLD and NQ

good rebound, neat charts

Screen Shot 2018-09-19 at 11.35.12 AMScreen Shot 2018-09-19 at 11.53.07 AM

When the market fell on Monday, Look at the first chart – how much percentage of S&P 500 stocks fell below their 50 Day SMA? Just minuscule!

the second chart is the ETF FFTY is top 50 growth stocks in the market. It is holding well.

NFLX went up well in high volume on Monday.

Decision : I’ll continue to be in the market and am long on QLD and NQ.

another bottoming day

Screen Shot 2018-09-13 at 8.27.41 AM

Thursday, September 13th 2018 at 8:20 am Indian Standard tine and around 10:51 pm September 12th in NYC

it is a third day of bottoming for NASDAQ.

NASDAQ lost almost 1.1 % yesterday at one point of time then recovered well with a loss of little more than 0.2 % in slightly higher volume – green flag.

A/D line for NYSE has actually improved – 1554 stocks up in 1.95 billion volume and 1226 stocks down in 1.19 billion volume. Good up volume almost double then down volume and majority of stocks up. Green flag

3rd day S&P 500 going up  and that too in higher volume.

S&P 500 stocks percentage above their 50 day SMA has improved to 65.14

Screen Shot 2018-09-13 at 8.35.57 AM

Screen Shot 2018-09-13 at 8.33.20 AM

and FFTY actually went up

decision – I am staying in the market and NQ