By How Much Is The Market Oversold Right Now?

[noddyboy]

This is probably easier to read. The data is all there. The returns are not as crazy as your table.
You might have to zoom for the first image.

 

[noddyboy]

This is the average only

 

[noddyboy]

Just July 4th...

Once again, not a nice trade, but if you have to:

This week: Buy on Thursday Close, Sell on Friday Close.
Next week: Buy on Tuesday Close, Sell on Wednesday Close.

 

[tradingjournals]

qqq in the green? I feel that it is a weak day today. What is wrong with the buyers?

 

[shortie]

Quote from noddyboy:

Because I like you...

here you go


3 Day Before 2 Day Before Holiday Day Before Holiday Day After 2 Day After All Days
-0.02% 0.09% 0.04% 0.15% -0.09% 0.04%

i am married BTW...

 

[tradingjournals]

I posted the comment below in another shortie thread thinking that it was this thread (shortie has a number of thread--- but they are all good).

What do you think of the chances of a stall/retreat in near future?

Quote from tradingjournals:

11:06AM: e/u at 1.4525. The bears are probably coming in e/u, and would the market follow the inverse of the dollar?

 

[shortie]

we are certainly overbought short-term but who knows when it starts dropping again.

 

[tradingjournals]

There was a sell-off of USO. It started at around 11.06AM. I did not look at the commodities until now- I looked at the wrong instruments.

Quote from tradingjournals:

11:06AM: e/u at 1.4525. The bears are probably coming in e/u, and would the market follow the inverse of the dollar?

 

[tradingjournals]

e/u at 1.4511: Rotating slowly. Are there stops below 1.4510, and would they get hit..... counting down...

update: bulls pushed it away.

Let us see what the bears would do if it gets to the 1.4530 area. They get to hammer the bulls, if they are serious about the short side.

 

[S2007S]

Notice how the market opened up and just literally stayed up all day, there was no buying opportunity unless you were in at the close of yesterday. As I pointed out last week the market seems to have more push and pull and more volatility when it opens down 100+ points than when it opens up 100+ points. The DOW traded in a 20 point range all day long, talk about boring or what!