I put two children through Harvard by trading options. Unfortunately, they were my broker’s children.
Jason Zweig @jasonzweigwsj
David Keller, CMT
12.1K posts
David Keller, CMT
@DKellerCMT
Host @ Market Misbehavior | President @ Sierra Alpha Research | Former StockCharts-Fidelity-Bloomberg | 🎺 Musician 🎶 | Don't take life too seriously 🤪
- $SPX Bullish Percent Index now above 70%. The 2022 playbook says a reversal back below the 70% level indicates the bear market rally is over.
- $SPX Bullish Percent Index now well above the key 70% level. That means we're going up, big time. The problem is when this indicator breaks back below 70%, which has usually been a fantastic signal for pullback mode. Not yet...
- Ignore all the competing narratives, and just focus on the chart of $QQQ. Possibly the most straightforward bullish rotation imaginable. Triple bottom at 260, break above resistance and the 200-day MA in Jan, pullback to breakout level in Feb, now rotating higher.
- I put two children through Harvard by trading options. Unfortunately, they were my broker’s children. Jason Zweig
- We now have a CONFIRMED Hindenburg Omen after two bearish signals occurred within one month. The last two times this has occurred for $SPX: Dec 2021 and Feb 2020. Tune in today's episode of CHART THIS for a deeper discussion and implications of this rare but powerful bearish
- "Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell." -John Templeton
- Bittersweet to announce that after five years as Chief Market Strategist, I'm leaving StockCharts.com. It has been such a fantastic adventure, working with some wonderful people, and advocating for technical analysis and behavioral investing. I've so enjoyed learning
- $SPX making new all-time highs as breadth indicators all deteriorate. Situation normal.
