4/17 setups

CORRECTION - Having scanned hundreds of names over the weekend there are no setups right now as there is plenty of damage. Sentiment is near frothy according to Investors Intelligence. We also have a negative weekly RSI divergence.

image

SP_20YrStudy

   

long

none

short

none

4/16 setups

CORRECTION - Having scanned hundreds of names over the weekend there are no setups right now as there is plenty of damage. Sentiment is near frothy according to Investors Intelligence. We also have a negative weekly RSI divergence.

image

SP_20YrStudy

   

long

none

short

none

4/15 setups

CORRECTION - Having scanned hundreds of names over the weekend there are no setups right now as there is plenty of damage. Sentiment is near frothy according to Investors Intelligence. We also have a negative weekly RSI divergence.

image

SP_20YrStudy

   

long

none

short

none

4/14 setups

CORRECTION - Having scanned hundreds of names over the weekend there are no setups right now as there is plenty of damage. Sentiment is near frothy according to Investors Intelligence. We also have a negative weekly RSI divergence.

sc

SP_20YrStudy

 

long

none

short

none

4/10 setups

CAUTION - Sentiment is near frothy according to Investors Intelligence. This indicates that the market is ready for a correction as there are very few setups on the long side while the leading stocks have been taking a beating. We also have a negative weekly RSI divergence.

image

SP_20YrStudy

   

long

none

short

none

4/9 setups

CAUTION - Sentiment is near frothy according to Investors Intelligence. This indicates that the market is ready for a correction as there are very few setups on the long side while the leading stocks have been taking a beating. We also have a negative weekly RSI divergence.

image

SP_20YrStudy

   

long

none

short

none

4/8 setups

CAUTION - Sentiment is near frothy according to Investors Intelligence. This indicates that the market is ready for a correction as there are very few setups on the long side while the leading stocks have been taking a beating. We also have a negative weekly RSI divergence.

sc

SP_20YrStudy

 

long

none

short

CL_F – hidden smash, upper descending trend line, weaker than the seasonal pattern, bearish commercials

4/7 setups

CAUTION - Sentiment is near frothy according to Investors Intelligence. This indicates that the market is ready for a correction as there are very few setups on the long side while the leading stocks have been taking a beating. We also have a negative weekly RSI divergence.

sc

SP_20YrStudy

 

long

none

short

CL_F – upper descending trend line, weaker than the seasonal pattern, bearish commercials

4/4 setups

CAUTION - Sentiment is near frothy according to Investors Intelligence. This indicates that the market is ready for a correction as there are very few setups on the long side while the leading stocks have been taking a beating. We also have a negative weekly RSI divergence.

sc

SP_20YrStudy

 

long

none

short

none