Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (59969)	9/13/2024 4:38:49 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69126

Index Update SP500 confirmed short term and intermediate buy signal. Most institutional traders are going to wait for a new 52 week high. With the Fed rate setting new week most people will not try to front run the event. New confirmed short term buy signal. Already on intermediate and long term positive trend. Again it needs 52 week high before more traders get in. DOW transports just waiting. Caution on the DOW move. DOW utilities uptrend intact but no new 52 week high. TLT showing some doubt from long bond traders in the short term of lower rates. USD looking like it will revist the recent lows. It will help exports if the rest of the world does not go into a recession. COMPQ has only generated a short term buy signal. It has only done a buy signal setup in the intermediate timeframe. Semiconductors finally generating a long term trend reversal to positive. Long term trendline still remain up and the the right. Still below the short term and intermediate trendlines, so still risk off. Pick your timeframe and your risk tolerance here. In one year or more timeframe you can enter now know there will be some volatility. For short and intermediate term trades stay on the sidelines for now. Russell 2000 still waiting with no signals for now. Long term trend is still up, so Tom Lee's call of a new high is still possible for the year. Financials still on the verge of the short term sell signal setup but not there yet. Long term the uptrend remains intact. Dead cat bounce in energy. Short and intermediate trend remain down. Interestingly the long term trend is still up and to the right. Gold just broke out to a new high. Moving to safety due to weakness in USD or a response the deflation we saw in some sectors. Not a serious problem for now. Consumer discretionary rallying hard. Someone thinks a rate cut will bring back consumers. Volume is light though so no heavy institutional trading yet. So beaten down sectors seeing buying interest, but a previous strong and safe haven stocks seeing so weakness. Sector rotation due to the though growth stocks will rally???? Too early to tell. XXXXXXXXXXXXXXXXXXXXX