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Strategies & Market Trends : General market lab and commentary

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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From: Robohogs	3/14/2016 11:31:44 PM
	of 668

Long time no post. Apologies. We are right on the SPX 200 day MA at close. We were just above Friday. Gap from January just above. Mkt extremely OB on medium term basis with SPX stocks above 50 day MA at 90%. Nortman is ysing that and % of stocks in bullish point and figure mode and nymo as reasons to dislike mkt. He caveats as trading range at end of report but he is clearly bearish. He has major report up this past weekend. Fat Pitch seems to be bullush but caveating bear mkt rally. Btw nymo more reasonable and nysi which is summation of nymo looking like clearly not bear mkt rally - per Fat Pitch weekend summary. Check out links above in this board's summary. Helene is pointing out that % above 50 day may look like last Oct before we rolled over and died except that the indicator this time made a new high vs recent moves while in Oct it did not. This week is the second or first strongest week of year. Next week is awful historically. Japan CB before you guys wake. Fed Wed with press conference. Swiss later in week. Jon

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