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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (3927)3/18/2016 9:14:18 AM
From: Kirk ©  Read Replies (1) | Respond to of 26875
 
Thanks for the sentiment summary and summary of your garden. I hope you continue to post the former and take and share pictures of the latter.

  • 30 day clx has a tail wind for next week - mostly all negative numbers drop off 4 of 5 days - good for -34 points dropping off ove r4 days and the one positive day is only + 1
  • aydis is positive strong and should be getting heavy.
  • Mc Clellan summation suggests we're about to breakout into new high territory
  • 2 cs says were about to peak out right here ( 5 day cum is 72 - that is a number that should be a top of a corrective wave in a downtrend) OR if vix stays low and put call well below 1.0 - we'll go to the mid 40's and that suggests we're entering into a new impulse up !
  • I still think the negative aydis we saw on 1/20 (aydis - 11.7 - 3 day) and 2/11 (aydis - 3.0 - 3 day) marked the iii and v waves of the final C wave of the bigger corrective wave down from mid July 2015.

Are you doing the daily CLX calculations now?
  • Probably should take some chips off the table - but I think there could well be much higher ground accomplished next month after a short correction and my puts have a good chance of expiring to zero.

After six newsletter buy alerts earlier this year, I took my first profits for this run yesterday. I sold SOME of the FNSR shares I paid $12.15 for last year in the first decline at $17.50. The timing was good as that "options target price" came on a day the Explore Portfolio hit a new record high.