SPX's weekly update 3ed week of April of 2021
Featured Ideas of the week included.
- P/E : still through out April @ 40 .93 .Third highest reading since "1875"!!! Tops land. " Usually bottom of crashes not tops".
- SPX's Dividend Yield: still through out April @ 1.45 Possible target is 1.10 2000's bottom !!! US10Y @ 1.580
historically 10y note underperforming SPX in April & it has a sideway movements in April as well.
- Insiders: Free data are no longer available on the website, still April 1st reading !!! 2 websites are locking free data !!!
- Seasonality: April is the best month of the past 20 years & 2ed past 10Y. Max 12.5% Min (-6.1%)
with Q2 of post presidential election, since 1950, gain of 5% (already 3.5 % in the firs 10 days LoL !!!
- Deviation : Daily - @16.38 % (80 % single pullback) weekly - @40.94 % (46% single pullback) believe it or not this is the lowest
reading of a possible percentage of a Single correction!!!!.
- Candles Auto recognition : still under the influence of the White Marubozu 84 % bullish move NEXT. Nothing 7 months for monthly.
- Putt/Call composite @.607 Vs. .600Vs. last week = Still holding Higher Highs/Higher low. Kind of bouncing from 50d MA. Golden Cross looming & looks like a sideway consolidation.
-Total Option Volume: 450439Vs. 478329 Decreased a little bit from last week less puts bought not feeling to hedge!.
- VIX : In our safe green zone, we hit 15.38Vs. 16.38 last week Lowest seen # since last years crash + Closed 2020's
"GAP" + Lower low = Not risk insight !!!
- VWAP: @ 55.45= No man's land
- DIX : 42% No man's land.
- GEX : @ 7,000,000,000. 55% tops land, 35 % up swing 10% false signal. (HIGHEST READING IN 2Y)
- SPX : Above averages . We are getting 4 of them in the 90s very rare bullishness move here. !!!!
- NYSE: Above average nothing to mention.
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Key for this week :
1/ Bullish Barubozu Candle 84% success rate still in control.
2/weekly Higher Deviation = lower probability of a pullback.
3/Elliott wave we are in 4 of 5 of 5 March's low to waves to go before probable completion of 5 waves up since March's low.
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- P/E : still through out April @ 40 .93 .Third highest reading since "1875"!!! Tops land. " Usually bottom of crashes not tops".
- SPX's Dividend Yield: still through out April @ 1.45 Possible target is 1.10 2000's bottom !!! US10Y @ 1.580
historically 10y note underperforming SPX in April & it has a sideway movements in April as well.
- Insiders: Free data are no longer available on the website, still April 1st reading !!! 2 websites are locking free data !!!
- Seasonality: April is the best month of the past 20 years & 2ed past 10Y. Max 12.5% Min (-6.1%)
with Q2 of post presidential election, since 1950, gain of 5% (already 3.5 % in the firs 10 days LoL !!!
- Deviation : Daily - @16.38 % (80 % single pullback) weekly - @40.94 % (46% single pullback) believe it or not this is the lowest
reading of a possible percentage of a Single correction!!!!.
- Candles Auto recognition : still under the influence of the White Marubozu 84 % bullish move NEXT. Nothing 7 months for monthly.
- Putt/Call composite @.607 Vs. .600Vs. last week = Still holding Higher Highs/Higher low. Kind of bouncing from 50d MA. Golden Cross looming & looks like a sideway consolidation.
-Total Option Volume: 450439Vs. 478329 Decreased a little bit from last week less puts bought not feeling to hedge!.
- VIX : In our safe green zone, we hit 15.38Vs. 16.38 last week Lowest seen # since last years crash + Closed 2020's
"GAP" + Lower low = Not risk insight !!!
- VWAP: @ 55.45= No man's land
- DIX : 42% No man's land.
- GEX : @ 7,000,000,000. 55% tops land, 35 % up swing 10% false signal. (HIGHEST READING IN 2Y)
- SPX : Above averages . We are getting 4 of them in the 90s very rare bullishness move here. !!!!
- NYSE: Above average nothing to mention.
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Key for this week :
1/ Bullish Barubozu Candle 84% success rate still in control.
2/weekly Higher Deviation = lower probability of a pullback.
3/Elliott wave we are in 4 of 5 of 5 March's low to waves to go before probable completion of 5 waves up since March's low.
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I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.