⬇️ IWC NEW LOW The microcap ETF (IWC) has made a new low. This is not good at all. On the good side we did close up on the day - so we can call this a Rally Day and wait for a Follow Through Day (FTD). ↗️ WAITING FOR FTD SPX is sitting on the 200D Moving Average and Nasdaq s on day 6 of its Rally Day (marketd as RD on the chart). We are waiting for those FTDs...
Since 1971 we have had 6 "major" Bear Markets. Average Characteristics of Bear Market 👉 Avg Length: 536d 👉 Avg Depth: -39% Current Characteristics of Bear Market 👉 Length: 282d 👉 Avg Depth: -28% But as I have shared before around the web - the Length and Depth depend wether we have a recession or not. FULL ANALYSIS HERE (this part starts +17:00 in): ...
Nasdaq is good. It had a FTD and cleared the 50D SMA SP500 is better since it has cleared and is already trading above the 50D SMA for a while DJI is best since it is both above 50DSMA and above the 200DSMA Credit to jpoco $SPX $IXIC $DJI
The the S&P 500 bear market statistics for the past 50+ years show that the average number of Failed Follow Through Days (FTDs) is 5. However, in the stagflation market of 1973-74, characterised by rising inflation and declining economic growth, there were a shocking 9 failed FTDs! If we exclude the two short bear markets of 1982 (only 53 days) and 2020 (V shape),...
There is an important study, that estimates the success of a Follow Through Days depending on how close a Distribution Day is observed. Look at the annotated chart on SPX. In essence if we observe Distribution Days close to the FTD then the probability of Failure is high. (Failure is defined by undercut of the Day 1 Rally Day ). Study is courtesy of IBD...
ROKU Emerged from Bear Market as a 2019 Leader Strong FTD EP on 4x VOL New Leadership Earnings Growth
Failure to deliver (FTD)~ When a trader of a security can not meet all of the obligations of the trade at the time of the sale. How FTD's are effecting AMC is done by Big money traders trading these FTD's between each other which continues to impose selling pressure. When a single stock is a FTD (NOT THE TICKER/COMPANY), there is a owner of that Security. When...
Calls ITM are more than likely already bought. The calls when exercised are a transfer of shares and not always a new purchase of shares. IMO the buying pressure on Monday led to MM hedging their position on PROG on Tuesday. With added buying pressure it sent PROG up to north of $6. This level hasn't been seen since Feb 21. Support was found and investors...
A follow-trough day was made yesterday September 30th on $COMPX, $SPX and $DJI. We would deny this pattern and most likely the rally, if we break-down below June highs, or 100sma on the SPY. Check out the idea on Distribution & Follow Through Days for more info.