David Cox, CMT, CFA @DavidCoxRJ Twitter profile

Pinned Tweet

David Cox, CMT, CFA

9 months

522 days ago, i pinned this tweet after the $QQQ made "a top"... it turned out to be "the top". but today, we closed above those highs as even the buy and holder was made whole, finally. i'll find something else to pin soon...

David Cox, CMT, CFA

@DavidCoxRJ

3 years

you can call it whatever you want to call it, but I call yesterday "a top" in $QQQ - now we just need to know if that top will be exceeded this week, next week, next month, or?? the RSI(5) bearish divergence was very visible into yesterday...

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David Cox, CMT, CFA

@DavidCoxRJ

2 months

there are 45 stocks in the S&P 500 $SPX that are +30%+ YTD and crushing the index... here are the charts... study them. learn from them. demand > supply raises prices. rising stock prices = rising portfolio values.

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

prepare for an "everything" rally...

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David Cox, CMT, CFA

@DavidCoxRJ

3 years

back by popular demand! what is the trend? $TSX $QQQ $SPX

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

our "Is It Safe for New Buying?" checklist... $TSX $QQQ $SPX $IWM i can't remember when we had all checkmarks in the bottom like that...

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

$QQQ Nasdaq 100 bullish MONTHLY candlestick for July... only the 4th time in 13 years... March, 2009 October, 2011 April, 2020 and now, July, 2022 the other 3 were very important... I know, you want to think that maybe this one is different...

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David Cox, CMT, CFA

@DavidCoxRJ

1 year

seems crazy to see $SPX +0.3% in May while there were SEVEN sectors down more than -4%!! financials -4.3% health care - 4.3% real estate -4.5% utilities -5.9% staples - 6.2% materials -6.9% energy -10%

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David Cox, CMT, CFA

@DavidCoxRJ

3 months

as i've pointed out before, it's been a far more probabilistic event to get bearish $SPX (and stocks) when my long ATR model turns up and i plot a vertical line... no such situation today...

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David Cox, CMT, CFA

@DavidCoxRJ

11 months

S&P 500 $SPX weekly RSI(5) oversold... if you're think it happens frequently, no it doesn't... look for yourself... but we're there now...

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David Cox, CMT, CFA

@DavidCoxRJ

1 year

what is the trend? $TSX $SPX $QQQ well, well, well, what have we here?

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David Cox, CMT, CFA

@DavidCoxRJ

4 years

imagine if instead of calling the stock market irrational, you acknowledged that your own investment thesis is wildly wrong

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

first time we've seen $QQQ get RSI(5) overbought in 2022... right at what looks like a resistance level... hmm...

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David Cox, CMT, CFA

@DavidCoxRJ

3 months

that is the highest RSI(5) = 95.4 reading for the Nasdaq 100 $QQQ since 2021...

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David Cox, CMT, CFA

@DavidCoxRJ

3 years

what is the trend? $TSX $QQQ $SPX

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David Cox, CMT, CFA

@DavidCoxRJ

1 year

technology stocks just SURGED against $SPX - the straight up move led me to look more closely... we just had the BIGGEST 10-day relative move at +7.1% since March 10, 2009. and, no, if you're wondering if stocks peaked on March 10, 2009, they didn't. they bottomed. big time.

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

institutional cash levels up to highest level since 2020... h/t @BofAML

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David Cox, CMT, CFA

@DavidCoxRJ

10 months

i know the bears will be upset with me for pointing this out, but, there are 173 large-cap stocks +30%+ YTD... so no, it's not just the biggest 5, or 6, or 7... there's 88 large-caps +50%+ YTD....

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

Nasdaq $QQQ second biggest 21-day rally in 15 years = +17.9% only the 4th surge like that in two decades... prior instances marked by green circles & all occurred after significant bear markets...

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

what is the trend? $TSX $SPX $QQQ

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David Cox, CMT, CFA

@DavidCoxRJ

2 months

buying stocks when volatility falls is typically a wise-type idea in hindsight... vertical lines show my ATR model rolling over and you can see what has happened afterwards... $SPX

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

our "Is It Safe For New Buying?" checklist... $TSX $QQQ $SPX $IWM

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David Cox, CMT, CFA

@DavidCoxRJ

3 years

what is the trend? $TSX $SPX $QQQ

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David Cox, CMT, CFA

@DavidCoxRJ

3 years

you can call it whatever you want to call it, but I call yesterday "a top" in $QQQ - now we just need to know if that top will be exceeded this week, next week, next month, or?? the RSI(5) bearish divergence was very visible into yesterday...

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David Cox, CMT, CFA

@DavidCoxRJ

4 years

i'd rather own strong stocks, expecting them to stay strong, than to own weak stocks expecting them to become strong...

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David Cox, CMT, CFA

@DavidCoxRJ

4 years

i learned today on my way to work that you can take the $VIX and divide by 16 to get the approximate % move expected for stocks... (very cool!) - h/t @AdaptivCharts @the_chart_life

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

what is the trend? $TSX $SPX $QQQ

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David Cox, CMT, CFA

@DavidCoxRJ

1 year

in the the last 20-years, only three times has the Nasdaq 100 had a 21-day rally > 20% (marked by vertical lines)... they all occurred after bear markets... and the last two were part of a trend change... this one too?

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David Cox, CMT, CFA

@DavidCoxRJ

3 years

perhaps it seems almost childish to have a #process that is updated old-school manual, but there is so much to be learned by following a routine. here's the other part of my daily routine - again, consistent message today

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David Cox, CMT, CFA

@DavidCoxRJ

1 month

that was the first $SPX close below the 3ATR band in years...

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David Cox, CMT, CFA

@DavidCoxRJ

1 year

$SPX 200-day moving average flashes a rare signal that has only happened 20 times in the past 90 years... stocks were higher 12 months later 100% of the time with an average return of +18% h/t Luke Lango

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David Cox, CMT, CFA

@DavidCoxRJ

11 months

i haven't posted our "Is It a Bottom?" checklist in a while... here it is [hint: these conditions are not in place]

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David Cox, CMT, CFA

@DavidCoxRJ

2 months

quite simply, the risk-off signs just aren't there... (yet)

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David Cox, CMT, CFA

@DavidCoxRJ

2 months

the bears are excited and i suspect will all turn bullish when this breaks out, right? bottom 93 stocks in Nasdaq 100 $QQQ

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David Cox, CMT, CFA

@DavidCoxRJ

10 months

here's the 21 large-cap stocks that have produced more than a double this year and are +100%+... study these charts... analyze their behaviour. we all need to keep learning.

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David Cox, CMT, CFA

@DavidCoxRJ

3 months

there are 29 large-cap stocks that are up more than +50% YTD... here they are... how many do you own?

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David Cox, CMT, CFA

@DavidCoxRJ

6 months

i admit that it's far from all the perspective i use in generating investment decision making, but the utter simplicity of, in this case, a 20/50-day crossover to keep an investor on the right side of the market seems a tool worthy of consideration, no? $QQQ

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David Cox, CMT, CFA

@DavidCoxRJ

1 month

i haven't shared this in a while but given market conditions, here are some of the things i'm looking for and thinking of... (not expecting to ever really check all boxes)

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David Cox, CMT, CFA

@DavidCoxRJ

5 years

how high is ____ stock going to go? i don't know, you don't know, the analyst doesn't know, your advisor doesn't know, no one does. don't be fooled.

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David Cox, CMT, CFA

@DavidCoxRJ

1 month

my volatility $VIX vs. S&P 500 $SPX model surges "into the zone" setting up the next buy signal for equities (but we need to see that 1/10 oscillator settle)...

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David Cox, CMT, CFA

@DavidCoxRJ

1 year

so many highs... that's the biggest net highs for the Nasdaq in more than a year...

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

if I were a stock and i were headed for bankruptcy, this is what I would look like...

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David Cox, CMT, CFA

@DavidCoxRJ

2 months

what is the trend? $TSX $SPX $QQQ

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

this is still my favourite chart to show clients this week… i cover up the right side first and point out the massive U.S. housing bubble in ‘06-08, then I reveal the right side as we laugh nervously together and I tell them I don’t even know what to call that… #realestate

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David Cox, CMT, CFA

@DavidCoxRJ

5 months

what is the trend? $TSX $SPX $QQQ

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David Cox, CMT, CFA

@DavidCoxRJ

3 years

i think this market is a lot weaker than it looks. some serious selling happening in a lot of spots.

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David Cox, CMT, CFA

@DavidCoxRJ

1 month

we finished last week with $QQQ sitting RSI(5) oversold (in an uptrend) for only the 3rd time since the fall '22 bottom...

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David Cox, CMT, CFA

@DavidCoxRJ

3 years

those trying to express a bearish view on the stock market are certainly not going to want these Russell 2000 small-caps to break out in the coming days...

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David Cox, CMT, CFA

@DavidCoxRJ

1 year

i just reached 10,000 followers! i'd like to take a moment to say THANKS ! I appreciate those of you that follow my work, those that comment and ask questions and those that just try to soak in what they can... i really enjoy sharing charts and perspective and hope you can

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David Cox, CMT, CFA

@DavidCoxRJ

1 year

that's the first weekly bearish engulfing for the $QQQ in five months (since March 6th)... and the first one after an uptrend since November 22, 2021 (that one had the bearish divergence too)...

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

$SPX net new highs this recent pullback sure isn't like the pullback after the summer rally... important distinction I think...

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David Cox, CMT, CFA

@DavidCoxRJ

3 years

i don’t know about you, but I’m finding it extremely easy to lose money trying to be long individual stocks in this “rally”… what say you?

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David Cox, CMT, CFA

@DavidCoxRJ

3 years

the average stock in the Nasdaq Composite is -34.6% from 52-week highs...

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David Cox, CMT, CFA

@DavidCoxRJ

1 month

the monthly Bitcoin #BTC $BTCUSD chart makes all claims, suggestions or conclusions that it has plummeted, or crashed look nonsensical and quite frankly inaccurate...

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David Cox, CMT, CFA

@DavidCoxRJ

2 months

there are so many that seem to continue suggesting that small-caps underperforming means the market is in trouble. why? why do you think that? small-caps $IWM have been trending downwards against large-caps $SPX for 10 years... i repeat, 10 years.

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

our "Is It Safe For New Buying?" checklist... $TSX $QQQ $SPX $TSX

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David Cox, CMT, CFA

@DavidCoxRJ

5 months

i'm old enough to remember when the #Canada weather was just the weather and didn't have to be so regularly hyped with "special weather statement"

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David Cox, CMT, CFA

@DavidCoxRJ

4 years

believe it or not, but even though we are below the 200D moving average, we are higher than we were 200 days ago, so the moving average slope is positive today! I had to squint and then check but sure enough... $SPX has a rising 50 and 200D now

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David Cox, CMT, CFA

@DavidCoxRJ

1 year

@GRDecter this is from Dec '20, but Bank of America paying ~$91 billion and JP Morgan $40 billion in 20 years... in fines.

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David Cox, CMT, CFA

@DavidCoxRJ

4 years

years ago, in corrections, I used to focus on wanting to buy the stocks that got crushed the most... fast forward to today, I'd rather buy the leaders that pull back in the tightest way showing that buying demand is overwhelming supply... results? way better.

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David Cox, CMT, CFA

@DavidCoxRJ

7 years

making money in an up market is not a good measure of investor acumen... protecting capital in a falling market is a better gauge...

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David Cox, CMT, CFA

@DavidCoxRJ

10 months

that's a big looking bar on the $DXY today... let's remember that risk assets have been inversely correlated...

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David Cox, CMT, CFA

@DavidCoxRJ

4 months

four commodity charts... oil, copper, gold and silver...

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David Cox, CMT, CFA

@DavidCoxRJ

1 year

the Nasdaq 100 $QQQ just crossed 13/34-week EMA #bullish on Friday for the first time since 2019... along with the slope of the 65-week EMA (also positive), we gauge and label the "long-term trend"...

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David Cox, CMT, CFA

@DavidCoxRJ

3 months

bearish engulfing in progress alert on Nvidia $NVDA very similar to March 8th and occurring after a BIG rally, extending the even BIGGER rally that has taken place...

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David Cox, CMT, CFA

@DavidCoxRJ

1 year

yep. i did it. got my license 32 years ago, and it's been 29 years since i last rode... but here's my new (to me) Honda Shadow... summertime awaits!

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David Cox, CMT, CFA

@DavidCoxRJ

6 months

left: dirty energy right: clean energy

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David Cox, CMT, CFA

@DavidCoxRJ

4 months

it's not every day or week that we have #beardivergence on both $SPX weekly and daily... after strong rallies, i certainly want to sit up straighter in my chair...

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

don't look now, but the Nasdaq Composite with 32.9% of stocks > 200-day average, which is the highest since 2021... #MarketBreadth

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David Cox, CMT, CFA

@DavidCoxRJ

10 months

S&P 500 $SPX closing above that 3-ATR band in a major stand of strength in the past week... similar to when the market broke out in June and ran...

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David Cox, CMT, CFA

@DavidCoxRJ

3 years

the 21-day rate of change on the $QQQ is -14.6% a level reached for only the third time in the past decade. sure, it could get weaker. but it's easier to be pessimistic after weakness, and harder to be optimistic, but we need to remain objective...

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David Cox, CMT, CFA

@DavidCoxRJ

3 years

Is it safe for new buying? $TSX $SPX $QQQ #process #DailyRoutine

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

@Donald38Daniel oops, you just mentioned the catalyst...

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David Cox, CMT, CFA

@DavidCoxRJ

3 months

left: Nasdaq Top 7 right: Nasdaq Bottom 93

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David Cox, CMT, CFA

@DavidCoxRJ

8 months

S&P 500 $SPX monthly... looks like a cup with a handle and a breakout underway... #MACDhist ticking up...

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David Cox, CMT, CFA

@DavidCoxRJ

2 months

truly impressive to see the Nasdaq 100 equal weighted $QQEW break out to new highs on Friday...

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David Cox, CMT, CFA

@DavidCoxRJ

4 years

short term stock ALERT: a friend who bailed out of his stock portfolio in early April because he "knew" it was going to crash MUCH further than the March lows just capitulated back in today #FOMOAlert $SPX

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David Cox, CMT, CFA

@DavidCoxRJ

19 days

i have to say that spending a few days in a quiet and pristine wilderness, without cell service/data/technology is so refreshing... woke naturally just before sunrise, went to bed at sunset and read a few books... awesome! we camped 3 lakes in on an island and quiet it was!

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

what is the trend? $TSX $SPX $QQQ

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David Cox, CMT, CFA

@DavidCoxRJ

5 years

Big money @barronsonline sentiment has never been less bullish h/t @sentimentrader

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David Cox, CMT, CFA

@DavidCoxRJ

3 months

there are lots of folks, technicians and non, all talking about declining breadth... yes, for sure, fewer stocks are rising as the markets $SPX $QQQ hit highs... i remind you that in '21, it was even more pronounced... left: current % 50-day #beardivergence right: 2021

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

to all those who are bearish and/or perma-bearish: articulate your best argument for why stocks crash from here in 2023... go!

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David Cox, CMT, CFA

@DavidCoxRJ

11 months

i have to admit that it just doesn't "look" like a big top that just got made, to me. the move since the July highs on the $QQQ weekly chart looks rather orderly...

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

the next time your neigbour tries to bring up lumber prices, just laugh and tell him that lumber prices are not higher than they were 12 years ago... sitting at December, 2012 levels right now...

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David Cox, CMT, CFA

@DavidCoxRJ

5 years

we reach a point in every selloff that it's too late to sell, yet too early to buy...

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David Cox, CMT, CFA

@DavidCoxRJ

1 year

what is the trend? $TSX $SPX $QQQ

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David Cox, CMT, CFA

@DavidCoxRJ

10 months

perhaps you wish it weren't so, but as i flip through hundreds of weekly charts, i'll tell you there are MANY very good-looking opportunities staring at us...

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David Cox, CMT, CFA

@DavidCoxRJ

1 month

you don't need any fancy indicators to look at the weekly S&P 500 $SPX chart and know it's an uptrend... the headlines are going to give you all the reasons it's about to come crashing down, but the price action (even last week), doesn't look out of context to me...

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David Cox, CMT, CFA

@DavidCoxRJ

1 month

my $VIX $SPX model fired the signal yesterday after the spike (yes, very big spike)...

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David Cox, CMT, CFA

@DavidCoxRJ

1 year

cash levels higher... these kinds of points don't mark tops folks... investors still don't believe this rally... @BofAML

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David Cox, CMT, CFA

@DavidCoxRJ

1 year

a weekly glance at our "Is It Safe for New Buying?" checklist... $TSX $QQQ $SPX $IWM

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David Cox, CMT, CFA

@DavidCoxRJ

5 months

S&P 500 $SPX weekly finished RSI(5) oversold... seems like 4,800'ish would sit as breakout support and represent another -3.3% downside or so, bigger picture...

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David Cox, CMT, CFA

@DavidCoxRJ

5 years

@billsweet Perhaps more time with her and less tweeting?

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David Cox, CMT, CFA

@DavidCoxRJ

3 years

this bull market feels likes a bear market...

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

highest % stocks > 20-day EMA for Dow Jones stocks in more than a year...

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

i'm going to repeat what I' ve been saying for a while now... this market looks bullish to me and this pullback does not seem concerning... much more evidence and discussion in the #WhereDoWeStand webinar today - just recorded it - it will be out later! watch for it!

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David Cox, CMT, CFA

@DavidCoxRJ

3 years

if you're looking to get more experience with losses and losing money in the stock market, we're in great environment to get some experience...

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

the advance decline lines can't be easily ignored...

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David Cox, CMT, CFA

@DavidCoxRJ

2 months

i'm only realizing i cut off the rest of the 45!

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David Cox, CMT, CFA

@DavidCoxRJ

3 months

the $QQQ has continued to be in an intermediate-term correction (despite the index in an uptrend at highs) with the average stock -14.8% from highs... % stocks > 50-day / % stocks > 200-day allows us to see intermediate-term weakness against long-term trend...

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David Cox, CMT, CFA

@DavidCoxRJ

2 years

our "Is It Safe for New Buying?" checklist... $TSX $QQQ $SPX $RUT

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