Market Sentiment

murray t turtle said:
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200 day moving average is a good gauge/measure
Bears live below 200 dma;bulls live above 200dma.
IBD places or puts, put call ratio below S&P ,500-fine if you like rube goldberg creations. I seldom look @ it much less use it......................................................................Wisdom is profitable to direct.Strong tech QQQ uptrend/above 200dma.
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This is a little too in code for me to follow, still a beginner, but thanks!
 
Great, I had no idea what timeframe to go with on the indexes, so I just left it on one that was easy on the eyes until I get a bigger screen. But I'll switch to daily candles I guess? And I will check out that sentiment site too. Thanks!
 
Dollardogs said:
Great, I had no idea what timeframe to go with on the indexes, so I just left it on one that was easy on the eyes until I get a bigger screen. But I'll switch to daily candles I guess? And I will check out that sentiment site too. Thanks!
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On a daily,52 week,2020 QQQ chart;
QQQ is mostly above 200 day moving average.[AKA =bull market]
What about march,QQQ, its below 200dm ? Fine if you like to get paid one month out of 9 months. go for that.
NOT a prediction + not a code.Took some tech profits today; but most likely scale in buy again tech ETFs today or this week.
CNBC + faKE NEWS is retail sentiment + hype, not as accurate as 200dma...………………………………………………………………………………………………………………………………..
 
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