Alan Cohen @al_xdpg Twitter profile

Pinned Tweet

Alan Cohen

18 days

$QQQ For the record I started selling close Thurs & was out yest AM. This chart says it all & why. Put it up in log scale & it happens a bit sooner. Macro says entering a period of weak seasonality. Can always get back in.

5

8

59

Last Seen Profiles

@bokeplokalmalam

@pcmaniac88

@delanefitz

@stw_pdg

@mamekichirou

@Hugo_Yapura

@liang_zimi34491

@siwanderella

@service_mindset

@almu5lfi

@EtherealNb

@BoardTrade

@ArthurAbraham

@MenardPsych

@AmnestyIran

@ulafurgal

@momentoviral

@Suthu_

@CElbracko

@joshruebner

@OST_Informatik

@Channel9

@BlemMedia

@stw46

@moondilwala

@cavs

@J43228545

@LehrmanMay44725

@t7O7Snc1Ljqzn2y

@NatosyWaor

@ABCTV

@d_whap

@Spotlight_Abby

@CCRINews

@yhn

@northsider89

Alan Cohen

@al_xdpg

2 years

$SPX We are currently in a Secular Bull Market. It sure doesn't feel that way but we are. History tells us that these periods last roughly 18-ish years but not a lot of data. The current Secular Bull is ~ 9yrs. Still a baby. Will it be different this time? No idea.

53

90

414

Alan Cohen

@al_xdpg

9 months

$SPX The percent stocks on P&F Buy signals continues to improve & is far from overextended. This suggests the rally has more room to run. No guarantees.

16

50

248

Alan Cohen

@al_xdpg

2 months

$SPX I know everyone is worried about crappy breadth. This is one of the charts that tells me to stay the course. When $NYHL cumulative changes from green to red & rolls over on a weekly basis, then you pull out the worry beads. For now, I am trying to not succumb to my panic.

19

37

202

Alan Cohen

@al_xdpg

1 month

$SPX In a Bull Mkt you want to see the New Highs - New Lows stay > 0. Turning back up here is a good sign that the rally may have legs.

4

44

186

Alan Cohen

@al_xdpg

4 months

$SPX The McClellan Oscillator is in oversold territory. These levels have marked a tradeable bottom or THE BOTTOM over the past 2yrs. Have my rose-colored glasses on to help spot a reversal. Not yet though.

10

34

172

Alan Cohen

@al_xdpg

8 months

$QQQ There is not much to say here. The market is in good shape, good breadth in a positive time of year. Watch for the McClellan Summation Index to continue up. If it reaches 500, that generally marks a major rally as noted. Sit on your hands!

7

32

150

Alan Cohen

@al_xdpg

1 year

$SPX The McClellan Osc looks at breadth per the AD line. Look @ the predictive qualities of the MACD. In a downtrend use the peaks. In an uptrend use MACD crossing up thru 0. Check out where we are.Maybe we'll get our summer rally.

13

35

134

Alan Cohen

@al_xdpg

7 months

$NYA THE ZAHORCHAK INDICATOR HAS FIRED! My favorite arcane indicator reflecting the weekly NYSE adv-decl line and several moving averages recently bought. The 7th signal in 20 years w 5 being pretty decent. A great way to start the 2024. Work your magic!

2

25

124

Alan Cohen

@al_xdpg

1 year

$SPX I'm fully loaded and always worried about 'THE TOP'. I worry but never try to call it. I do look for chart signs of maybe rocky performance for a while & this chart says things are looking pretty chipper. No where close to overdone here.

7

14

125

Alan Cohen

@al_xdpg

1 year

$IWM is starting to outperform $QQQ. RSI 14 over 50 & MACD cross pos & break in DTL on relative strength chart all leads me to move more money from the biggies to the smallies. Baby steps for the faint at heart.

9

30

125

Alan Cohen

@al_xdpg

1 month

$QQQ I have been watching breadth carefully to make sure it supports this Bull Behavior. The McClellan Summation Index has bottomed & looks to be turning up. This is a most encouraging sign. Seasonality is favorable next week. Let's see if the rally continues.

10

22

116

Alan Cohen

@al_xdpg

9 months

$SPX All pullbacks end. The trick is being open for a change in direction. We have several technical indications on this chart. We are down to support by Vol by Price, horizontal chart support, a Fib 61.8% retracement & now some candles suggesting reversal. This is never easy. 1/

4

19

102

Alan Cohen

@al_xdpg

1 year

$SPX How oversold are we? By the measure of Up - Down Volume we are as oversold as anytime in the past 5 yrs (actually 11 yrs) x 2020. Bottoms often come out of these situations. But oversold can get more oversold as well.

7

22

101

Alan Cohen

@al_xdpg

9 months

$SPX The percent of stocks on point & figure buy signals flashes a buy signal today. Significant rallies have followed these signals and are an indication of improved breadth. We will see.

4

19

100

Alan Cohen

@al_xdpg

2 months

$SPX We just had a 6% correction last month. We are rallying off that. What are the odds that this rally has legs? Check out this Breadth Indicator. The recent thrust in new highs bodes well for this rally. No guarantees.

9

14

87

Alan Cohen

@al_xdpg

8 months

$SPX The Put/Call ratio is a reflection of market sentiment & enthusiasm. People are putting their money where there mouths are. Peeps are now where near overly enthusiastic & this rally much further to go before signs of froth show. This ratio can get a lot lower which is good.

3

16

83

Alan Cohen

@al_xdpg

1 year

$SPX I have been short term bullish most of this year but Breadth has deteriorated, seen in $NYHL here. We have broken down, breadth is bad & this may correct more than many fear. I have no idea but things could get a lot worse. This HL bars need to get above 0.

5

18

83

Alan Cohen

@al_xdpg

8 months

$SPX We intermediate traders get distracted by the daily fanfare. It is easy to lose sight of the Big Picture. A favorite trend indicator is the 20d MA of $NYNL. It just crossed above 0. The wind is at our backs. Don't lose site of that.

6

15

84

Alan Cohen

@al_xdpg

8 months

$SPX You need bullish investors to make a Bull Market. In a Bear Mkt the NAAIM numbers(peak) can mark a top but in a Bull Mkt the higher the better. Negative divergences might be a red flag. Currently, I feel we could have a lot further to go. UP. Just another opinion.

7

9

83

Alan Cohen

@al_xdpg

2 years

$SPY Starting to see some positive divergences. I'm not brave enough but trying to keep an open mind.

5

11

80

Alan Cohen

@al_xdpg

3 years

$SPX When High Yield outperforms bonds we have the wind at our backs. @CiovaccoCapital likes to follow this relationship. I am nearly 100% invested so obviously I am looking at charts to support my position.

7

10

76

Alan Cohen

@al_xdpg

9 months

$SPX Sentiment can give an idea of money on the sidelines & maybe the extent of any rally. The worse the sentiment, theoretically, the more upside. Theoretically. Sometimes they get it right. Anyway, 25% in this survey is pretty low. Stay tuned.

3

16

69

Alan Cohen

@al_xdpg

2 months

$SPX I don't have much to add here. I am 100% invested primarily $QQQ & @SPY . Sold some FXI & holding tight to my $IBIT. We don't have trending markets like this very often(or so it seems) but as long Breadth supports this rally the goal is to stick w the trend.

7

11

72

Alan Cohen

@al_xdpg

2 years

$QQQ If your nose is stuck in the weeds of day or swing trading, pay attention. We've been looking for a bottom in The Q's which have been lagging. Now we have a higher high. The Secular Bull Market of 2009 is just resuming. The '82 Secular Bull ran 18 years. 2009 - still dancin.

3

10

70

Alan Cohen

@al_xdpg

1 month

$QQQ We've broken out of this channel again. I'll be happy if we ride it up or take off from here. Again, nothing I see here has me too concerned. Breadth it improving in the bargain.

3

14

70

Alan Cohen

@al_xdpg

3 years

When few than 40% of the $SPX stocks are above the 50d MA, we are often close to the bottom in an up trending market. Just need to be open to the possibility of a reversal here as noted in last Tweet.

2

6

70

Alan Cohen

@al_xdpg

1 year

$QQQ We are in a Bull Mkt that isn't letting anyone in. However check out how high daily MACD is. The 2020 rally was a killer if you were trying to get in or trying to prevent losses. How has the mkt performed at these levels. Generally it corrects. 1/

6

9

66

Alan Cohen

@al_xdpg

1 year

$NDX When the BB squeeze down like they are now, a decent move is coming. Can't say which way. Breadth is still very weak but price is moving in the up direction. Watch for a break here. It could be a big move.

5

11

69

Alan Cohen

@al_xdpg

1 month

$QQQ We've had a 2.6% correction over the last week. In a strong market, that is all we might get. I have no idea but the Hrly RSI is setting up for a short term rally. Nothing on the chart terrifies me.

2

9

64

Alan Cohen

@al_xdpg

1 year

$SPX This is the most sorely ignored indicator, ever! The weekly charts w MAs are helpful to identify trend. Here is a variation using a combo of MAs in @StockCharts , The Zahorchak Method. H/T Greg Morris. I can't trade off it but all my trades know if it is on a Buy or not.

1

13

66

Alan Cohen

@al_xdpg

9 months

$SPX The big picture shows this rally may just be getting started. Stoch on weekly chart (1) is just getting above 80. Staying there is important. MACD cross pos too. Hourly, shorter shows(2) overextension and some negative divergences but you can't have an uptrend w/o pullbacks.

5

12

60

Alan Cohen

@al_xdpg

1 year

$SPX One of my favorite intermediate indicators is the 20d MA of $USHL per @davidsettle42 . Above 0 & you have the wind at your back.

2

11

61

Alan Cohen

@al_xdpg

6 months

$SPX I am still seeing lots of hand wringing over non-confirming breadth in this rally. The % stocks on Bullish Percent Buy signal just flashed a Bullish Confirmation. I'm in. This helps keep me in. HT @DanWiserMtnView

2

5

58

Alan Cohen

@al_xdpg

2 months

$SPX Another breadth signal I use for trend following says to enjoy the hand-wringing but try to stay invested. It's easy QQQ> SPY>>>>>IWM.

2

8

59

Alan Cohen

@al_xdpg

3 months

$SPX Always a good sign when the Percent of stocks on Bullish Percent Buy crosses up. The break of the price DTL and positive MACD cross don't hurt either.

4

8

56

Alan Cohen

@al_xdpg

1 year

$SPX Breadth remains awful. The only optimistic chart I could find was this Breadth Momentum Oscillator which just signaled a Buy.. All the others, NH-NL, UV-DV, Adv-Decl, McClellan oscillators, etc look awful. Lots of work to do.

2

7

52

Alan Cohen

@al_xdpg

3 years

$SPX Adv - Decl Volume is a measure of breadth that is saying caution is still plenty warranted.

1

8

47

Alan Cohen

@al_xdpg

7 months

$NDX I have been waiting for the 21d EMA to break 500 that usu confirms a strong Bull Market. We are due for a pullback at this point but under some circumstances, it is not very deep or very long. This is more bullish than cautionary. No guarantees.

3

11

48

Alan Cohen

@al_xdpg

1 year

$SPY I'm getting pretty close to the exits w charts like this. Momentum is flagging as seen in these 2 charts. Investors will be reluctant to give a benefit of the doubt to any breaks of support. Not there yet but too close for comfort.

3

7

49

Alan Cohen

@al_xdpg

13 days

I posted this yesterday raising a possible bottoming process. Wrong. I am mostly in cash & today even more so. Now to anticipate the end to this correction. The H&S completed today w conviction. The projected move is 4% lower or a total pullback of 11%. No guarantees.

Alan Cohen

@al_xdpg

15 days

$QQQ Is this a H&S forming? Who cares, but I'm watching it anyway. To be ignored till it breaks the neckline w confirmation. Actually, it looks more like bottoming to me & may be time to re-consider my exit last week.

1

7

37

2

10

51

Alan Cohen

@al_xdpg

2 months

$SPX This big picture chart says to err on the long side. Close enough to the end of the month to consider the $CPCE rolling over as a positive indicator. This could turn out to be a very good year.

7

14

49

Alan Cohen

@al_xdpg

1 year

$NDX Not much to add here. I'm in pretty good as I've been saying. Breadth still stinks but as long as you are in the right stuff, you are making money. Here is where we might be in this rally. A long way to go & MACD is not near overbought. Weekly chart.

3

6

48

Alan Cohen

@al_xdpg

1 year

$SPX The McClellan Summation Index is a good indicator of Mkt Breadth. We've had a good run. It is rolling over & a warning. I a strong Mtk like 2021 it is best ignorned. The trick is calling red vs gray. For me it's red till it isn't.

4

14

47

Alan Cohen

@al_xdpg

1 year

When PPO goes from -2.5 to +2.5 after a decent correction, the odds strongly favor an uptrend has started @jaykaeppel . The signal fired last week for $NDX. It is firing now for $SPX. Yah, breadth stinks but you can't argue w price.

0

13

47

Alan Cohen

@al_xdpg

3 months

$QQQ I look for indicators to support my exposure to this rally. Both Money Flow Indicator & RSI suggest momentum remains positive. Backing & filling are part of any rally. So are pullbacks. I will stay the course for now.

5

46

Alan Cohen

@al_xdpg

11 months

$QQQ Sept can be a tough month but not always. The Chaikin Oscillator is a computation of the Adv-Decl & an indicator of trend. It says to hang in there for now.

4

8

45

Alan Cohen

@al_xdpg

3 years

When the correlation of $SPY & $VVIX peaks above 0.5 there is usu a pullback. No question the Mkt is starting to pull back. How much? It will end when it ends. This chart gives an idea of recent pullbacks w the arrows indicating 5% or more.

2

6

45

Alan Cohen

@al_xdpg

9 months

@Cigna Approve Carol's lung transplant. Shame on you!

0

45

Alan Cohen

@al_xdpg

3 years

$VIX This is the work of @TKPTrader . I don't think he'll mind if I share. I'd say there is a bit of panic in the air (maybe error).

3

4

42

Alan Cohen

@al_xdpg

3 years

$SPX The percent of stocks above the 50d MA dropped to < 25% last Thurs which is a low as it has been for the past 34 months x the March 2020 disaster. That is pretty oversold & we should bounce from here. Maybe even the bottom. Maybe.

3

10

44

Alan Cohen

@al_xdpg

1 year

$NYSE The McClellan Oscillator shows a negative divergence that has preceded declines recently. I'm invested but not happy.

10

7

42

Alan Cohen

@al_xdpg

11 months

$QQQ A friend pointed this out to me. I've been so focused on the day to day stuff, I hadn't stepped back. If this C & H fulfills itself, there is a lot of upside ahead of us. Just saying.

2

7

42

Alan Cohen

@al_xdpg

2 months

$QQQ This chart says we need a bit of a pause. R2 pivot and top of 2 yr channel w RSI 14 ~80 does not spark joy for straight to the sky. We should pause to refresh. Emphasis on the 'should'. I just wouldn't push things here.

1

10

42

Alan Cohen

@al_xdpg

2 months

$NDX Last 2 days, I've been lightening up waiting for this possibility. It doesn't get any clearer than these sell conditions. This is billed as a strong year. I trade the charts. This one says to steer clear.

4

8

41

Alan Cohen

@al_xdpg

7 months

$SPX You are going to see a lot of references to the McClellan Summation Index crossing down yesterday. In a trading range & Bear Mkt it is a real red flag (chart 1). But in a Bull Mkt it is just a warning(chart 2). Don't ignore it but don't throw the baby out.

2

8

39

Alan Cohen

@al_xdpg

3 months

$SPY This pullback could get a lot more worser. We now have a lower high, an overhead DTL, serious negative divergences w RSI, MACD & a failure to cross positive. The downtrend will be confirmed if we suffer a lower low here. I'm in my foxhole again.

14

7

41

Alan Cohen

@al_xdpg

8 months

Another reason we are not as overbought as we might feel. Hedge funds net exposure is at relatively low levels considering $SPX up 19+% YTD. (Chart1). Additionally, as of 9/8/23 (Chart2) levels of Money Market Funds are at historic highs. Lots of fuel for the fire.

5

6

40

Alan Cohen

@al_xdpg

4 months

$SPX May be time to take your foot off the gas but otherwise breadth seems ok. Adv-Dec, New highs-new lows are still supportive of advancing performance. But the % stocks on Buy Signals is signaling a bit of caution here.

2

6

41

Alan Cohen

@al_xdpg

3 years

When $VIX closes as far outside it's upper BB, we are generally at or near a short term bottom, $SPX. Even in the Feb '20 disaster, this marked at least a 1 day reprieve. This time - ?

4

6

40

Alan Cohen

@al_xdpg

1 year

$SPX Another indication of poor breadth is adv-declining issues and volume. These negative divergences recently have spelled trouble.

3

5

40

Alan Cohen

@al_xdpg

2 months

$SPX The % stocks on P & F Buy Signals is flashing caution here. Yes, momentum says this should be a great year. But all Bull Mkts have pullbacks. Is this just beginning or will we start back up after a little dip. This chart needs to improve.

2

9

40

Alan Cohen

@al_xdpg

1 year

$IWM is starting to outperform $SPY. Not so much for The Q's but need to keep watching & moving money to where the action is.

3

4

37

Alan Cohen

@al_xdpg

1 year

$SPY I posted this earlier this year when the Zahorchak indicator bought & marked the end of the downtrend. Gotta luv that name. Find it in @StockCharts combining several MAs of the $NYAD & $NYSE to spit out a signal. For me below +6 you sell and above -6 you buy. 25 yrs back.

2

8

36

Alan Cohen

@al_xdpg

5 months

$SPX The % of stocks on Bullish Percent Buy Signals has crossed positive suggesting wind again is at our backs. Lots of fretting over the absence of any recent corrections but we look to be working off overextended conditions. I'm trying to sit on my hands here.

1

6

37

Alan Cohen

@al_xdpg

10 months

$NDX What I said 4 wks ago holds today but it is pretty clear we are now in a downtrend. Some Mag7 earnings this week to watch. But if we break here, the move down could be painful.

Alan Cohen

@al_xdpg

11 months

$NDX We are at a level where we could see a bounce. However if there is a lot of damage to the chart. If we fall below 14500, there is a vol by price vacuum that will risk an even faster move down. This is not a very happy place if we sell off much more. Maybe a bounce then down?

3

1

32

7

5

38

Alan Cohen

@al_xdpg

15 days

$QQQ Is this a H&S forming? Who cares, but I'm watching it anyway. To be ignored till it breaks the neckline w confirmation. Actually, it looks more like bottoming to me & may be time to re-consider my exit last week.

1

7

37

Alan Cohen

@al_xdpg

2 years

$SPX You can quibble about where you draw the DTL & how long we need to stay above the 200d MA for confirmation of the rally. But there is no quibbling about Adv-Decl Volume or where the Big Guys are placing their bets. Peeps are going to have to put up or shut up pretty soon.

1

9

35

Alan Cohen

@al_xdpg

1 year

$SPX The Put/Call ratio is also at a level that signals possible bottoms in a pullback. Possible! Just saying a bounce here should be in the cards. @aztecs99

2

4

33

Alan Cohen

@al_xdpg

3 months

$QQQ Seems like the Big Boyz shook the tree to loosen the grip of people that fret a bit, like me. Anyway, I've been waiting for these conditions. 1. Break of DTLs, price & RSI. 2. A MACD cross positive. 3. A close above the 21d MA. If we close here, I'm back in for the ride.

3

7

36

Alan Cohen

@al_xdpg

2 years

This addresses the terrible sentiment on FinTwit this weekend. Under 15% of $SPX stocks made a Bullish % buy Thurs. That is awful. I can mark a bottom but not always.

2

3

35

Alan Cohen

@al_xdpg

2 years

Well, this peaks my interest. When $SOX is leading $NDX at a potential market bottom (at least a counter-trend rally), it might pay to change your allocations a bit. This isn't rocket science. Your money needs to be working.

1

5

34

Alan Cohen

@al_xdpg

27 days

$XBI Biotech has based nicely & this looks like a breakout. Confirmation is needed but in this market, can't wait too long. RSI & MACD look good as well. CPI tomorrow will either make or break this trade. I'm in. Stops in place.

1

6

34

Alan Cohen

@al_xdpg

1 year

$NDX How high can we go? No idea. When should you start worrying? I'm always worried. But this chart looks at a Very Ragin Cajun Bull Mkt, 2020 thru 2021. Watch new highs. We can go a lot higher. This might just be getting started. Might not too.

6

35

Alan Cohen

@al_xdpg

9 months

$SPY @StockCharts Money Flow Index, MFI, measures buying and selling pressure. Not only do we have a positive divergence but this rally may have significantly further to go before getting oversold by this measure.

2

4

34

Alan Cohen

@al_xdpg

6 months

$SPX I'm invested but always look for the signs of impending doon. This chart does not spark joy. Breadth could sure improve.

6

34

Alan Cohen

@al_xdpg

1 year

$SPX MACD crossing above 0 indicates a strengthening trend. It works on the daily chart per . On the weekly chart above 0 means 'wind at your back'. Risk on. Back up the truck, Chuck. But never a straight line up. We cleared 0 last January this year.

Jake Wujastyk

@Jake__Wujastyk

1 year

$SPY $SPX #SPY The MACD just crossed above the zero line on Friday. The last 4 times this has happened, there have been slight 1-4 day pullbacks before new highs were created within that trend.

32

67

447

1

8

34

Alan Cohen

@al_xdpg

9 months

$QQQ After 12 d of rallying I start to fret about being overextended. I don't think we are there yet on a daily time frame based on extension above the 50d MA. Not until we get close to 10% above the 50d are we really extended. No guarantees offered though.

4

3

34

Alan Cohen

@al_xdpg

9 months

$QQQ New highs-new lows are improving enough for a Buy on this indicator. We are overbought on a short term basis but I'm not selling anything (today).

2

4

32

Alan Cohen

@al_xdpg

8 months

$QQQ Another measure of 'overbought-ness' is % above the 50d MA. In a favorable market, like now, we can go a lot higher before we look for a pullback. I'll pull out the Depends when we hit 10%. No guarantees.

3

8

32

Alan Cohen

@al_xdpg

4 months

$QQQ I've been fretting last week or so but today was the last straw. Support broken at several levels & breadth going South. Color me in cash till things improve.

4

31

Alan Cohen

@al_xdpg

9 months

$QQQ For those that are invested we look for evidence to support our position. Breadth in adv-decl issues and vol are improving, new highs - lows improving. And here, a positive divergence in on-balance-volume vs the July peak should spark joy. Good evidence of money flowing in.

4

3

33

Alan Cohen

@al_xdpg

5 days

$QQQ Are you having fun yet? Hrly chart shows a potential positive divergence RSI vs Price. Horrible price action today. Maybe the Jobless Claims & decreased manufacturing. Maybe The Mid-East, Maybe Kamala outperforming trump. But a just awful day. And this is August.

8

6

32

Alan Cohen

@al_xdpg

11 months

$NDX We are at a level where we could see a bounce. However if there is a lot of damage to the chart. If we fall below 14500, there is a vol by price vacuum that will risk an even faster move down. This is not a very happy place if we sell off much more. Maybe a bounce then down?

3

1

32

Alan Cohen

@al_xdpg

3 years

Another $VIX indication of a short term bottom is when the ROC 5 is >30. When this turns down, Buy. This is the work of @TKPTrader

2

5

32

Alan Cohen

@al_xdpg

9 months

Thanks to @TheChartReport for including my work last night. Here is another look at the intermediate time frame re: how overextended we are. The % of stocks on Point & Figure charts gives a good idea. Watch RSI & whether in a Bull or Bear environment.

Alan Cohen

@al_xdpg

9 months

$QQQ After 12 d of rallying I start to fret about being overextended. I don't think we are there yet on a daily time frame based on extension above the 50d MA. Not until we get close to 10% above the 50d are we really extended. No guarantees offered though.

4

3

34

1

31

Alan Cohen

@al_xdpg

7 days

$SPY Up close we may be setting up for a rally w the Fed Mtg tomorrow. Lots of eyes will be on that green circle area. Positive divergences for those that believe(confirmation is nice but anticipation before the act). Manyana!

0

5

30

Alan Cohen

@al_xdpg

20 days

$QQQ Nothing goes up forever. It is still painful to lose money. Part of the process. Need to see if breadth holds up. Money still rotating to smallies. We are oversold enough for a bounce. And Trump will continue to be a problem since a worsening Mkt will benefit his campaign.

2

6

30

Alan Cohen

@al_xdpg

11 months

$SPX New highs - lows has improved and needs to stay positive for the rally to rally.

3

4

27

Alan Cohen

@al_xdpg

1 year

$QQQ Have to admit I got shaken out last Tues. Getting back in now. Lost sight of the Big Picture. We are in an uptrend (chart 1) and not over-bought either. Higher highs & higher lows, above the UTL & support(chart 2). MACD about to Buy after a pullback. Not much else to say.

5

3

30

Alan Cohen

@al_xdpg

7 months

$SPX The % of stocks on bullish percent buys ( $BPSPX ) is pretty overextended. As with many of these breadth indicators, In some markets they don't signify the end of the rally. Maybe a little rest. Maybe The Mkt just grinds higher. Have a Happy New Year. No guarantees.

1

6

30

Alan Cohen

@al_xdpg

3 months

$SPX Today is a classic IBD FTD(Follow Thru Day - Google it). There is still a little work to do. DTL & 50d MA need to be crossed. MACD needs to cross up as well. RSI is leading the way. In this environment I would hazard an opinion we will continue up till we don't.

0

4

29

Alan Cohen

@al_xdpg

2 years

$COMPQ A favorite of mine to identify the end of a Bear period is @JasonLeavitt 's chart of Bullish Percent. When it crosses above 50% that generally marks the end of the Bear Mkt. Did it on Thursday. Lot's of other breadth indicators pointing likewise.

1

7

29

Alan Cohen

@al_xdpg

10 months

$SPX What are we facing here? If we break support at 4220, a 50% retracement to 4000 or a 61.8% to 3900 is in the cards. That's a 7.5% fall from current levels or 15% from the top. Happens nearly once a year. Buckle up. War's not over. And the Rep Congress Show.

0

5

29

Alan Cohen

@al_xdpg

2 years

$SPX No doubt, the Bulls are sure of a soft landing (at least sure today). This monthly chart shows a breadth thrust w stocks above the 50d MA. Maybe this rally will run. Nothing but disappointments this past year. Let's see how this plays out.

4

3

27

Alan Cohen

@al_xdpg

2 years

$SPX The breadth thrust in the stocks above the 50d & 200d MA's etc is followed by many. Here is another chart highlighting the performance after washouts & breadth thrusts. If you're in the weeds, you can't see the trees. @mark_ungewitter @WalterDeemer

Grant Hawkridge

@granthawkridge

2 years

And the cycle begins again... The bulls have confirmed with multiple thrusts... ps. I understand the chart is a little full on... but it's worth trying to understand it! if you have got a question... ask away! $SPY $SPX $NYA #NYSE #stocks

32

44

195

2

7

28

Alan Cohen

@al_xdpg

2 years

$SPX Breadth continues to improve in the face of terrible investor sentiment. Improving New Highs (chart 1) as well as adv-decl parameter improvement bear watching. Equal weighted outperformance (chart 2) also identifies better breadth but the cap weighted stocks need to improve.

1

8

27

Alan Cohen

@al_xdpg

10 months

$QQQ (weekly chart) Friday was pretty discouraging but today is another day. The Big Picture - keep it in mind. You will hear a loud whooshing sound when that DTL is broken to the upside. That being money being sucked back into the Mkt from the naysayers on the sidelines.

3

2

28

Alan Cohen

@al_xdpg

1 year

$QQQ Money flow is slowing & raises a red flag. The Chaikin Oscillator - measures the momentum of the Accumulation Distribution Line using the MACD formula. @StockCharts Rolling over is only good for one thing I can think of.

0

1

27

Alan Cohen

@al_xdpg

1 year

This past week of Bank angst needs a some perspective. $SPY is still up for the week (so far). We are coming off bearish conditions that have only been exceeded by 2009 since the 2000 Bear Market on this chart. We have to stay open to the possibility that better times are ahead.

1

7

28