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Strategies & Market Trends : General market lab and commentary
SPY 683.47+0.6%Nov 28 4:00 PM EST

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From: Robohogs1/21/2016 7:40:55 AM
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I will do 2-3 posts this later part of premarkets as US pre-mkt opens in half an hour.

First off, trying to avoid the messed up charts, I directly downloaded some onto my pad. I will upload those first with less attribution than normal and little commentary. I will likely do similar things with other sources.

A couple of key themes:

  • Lots of stocks at lower trend lines (Banks, Germans, etc.)
  • Russell move yday was historic and printed a big reversal pattern
  • SPX just missed and would have been 4th time ever to come back from down 3.5%
  • Breadth remains awful, historic and near mkt low levels
  • Doug Kass, mentioned earlier, Cody Willard and Tony Harrison are looking for rally here. Cody is saying rally into March then 1770 then rally. Toddo is more bearish. We are at Kass' current and yearend fair value levels. All 3 wrote main diaries for Cramer at various times but I have found them to be solid, if controversial. Todd started and closed Minyanville.

Some pictures below!!

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