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CoiledSpringCapital Profile picture
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8 Jan, 4 tweets, 2 min read
#stockmarket amazing strength this wk in the market, but Jan giddiness over a new administration starts to run into problems mid month & trades off, historically. In previous WE updates i cited tgts btw 3800-3900 and we are here. I likely will be trimming and selling today. GL Image
#stockmarket to further this comment. Ysty was epic, but i dont want to give a bunch back so i sold some strength and raised stops. my feeling is next week will be more tricky so plan accordingly.
#stockmarket nasty 30 min candle on the $QQQ I hope some of you sold strength Image
#stockmarket selling strength this am was the right call, but i never sell enough. tricky day for sure. holding where need to for now. Image

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CoiledSpringCapital Profile picture
10 Jan
#StockMarket WE update. #SPX as expected we rallied to my first target lvl above 3800, derived from a measured move off the box breakout. Some consolidation is likely here or even a retracement. RSI poked above 70 for the first time since Aug... Image
#stockmarket New Seq Demark 13 sell possibly this wk (earliest weds). Propulsion up tgt of 3907 still in view. maybe we hit the tgt while posting the new 13 sell? Reminder the propulsion lvls can act as magnets but also exhaustion lvls. Last 2 13 sells saw short +2% drawdowns... Image
#stockmarket weekly #SPX could post a Demark combo 13 sell this wk and a sequential 13 sell next wk.... Image
Read 16 tweets
CoiledSpringCapital Profile picture
3 Jan
#StockMarket WE update. Tough to make much sense out of the last 2 wks given all the rebalancing. Still think Jan is set up for some giveback. #SPX cluster of Demark 13 sells, new combo 13 sell, w/ risk lvl @ 3788. Prop up still active w/ 3907 tgt. maybe quick run to 3900 first?
#StockMarket As I've said repeatedly, tough to be overly bearish above 3630ish & a close below the 20day has been elusive. A close below might shake things up but for now new box B/O w/ measured move to 3800+...
#StockMarket Demark Trendfactor is fantastic for understanding lvls in the indexes that matter. We are currently approaching the 3x lvl @ 3773, nxt lvl up is 3863 & then 3953....
Read 22 tweets
CoiledSpringCapital Profile picture
27 Dec 20
#stockmarket WE update - Holiday short version. $SPY shows 2 broken rising wedges but minimal damage. Nasty pierce of the 20day & support last wk but strong close & no follow thru. Resiliency matters & for now bulls in control. Currently 3 distribution days in Dec...
#stockmarket A close below $364ish would shake things up a bit I suspect but elusive at this point. $SPY weekly looks quite healthy to me....
#stockmarket #SPX recent Demark 13 seq sell did mark the recent swing high, now on day 3 of buy set up. Remember, 13's can signal pot'l trend change or sometimes just stall the trend - for now its stalled. Do we continue lower to complete the 9 buy or price flip back up & resume?
Read 13 tweets
CoiledSpringCapital Profile picture
20 Dec 20
#stockmarket WE update. Last WE I mentioned I was cautiously optimistic but could see some weakness in 2H of the wk as Demark could post a Seq 13 sell on the #SPX. Friday was weak but somewhat contained. I also mentioned that Propulsion up was still active w/ 3907 tgt....
#stockmarket Momentum tgts signify trend continuation but also could represent exhaustion points. The Russell also w/ new Demark 13 sells on the weekly chart to go w/ a new round of daily sell signals....
#stockmarket #NASDAQ could post a new combo 13 sell this wk (pot'l weds) & a seq 13 sell next wk (pot'l Tues), but much like the #SPX, has a propulsion up tgt in play of 13240....
Read 16 tweets
CoiledSpringCapital Profile picture
13 Dec 20
#stockmarket WE update. Last wk I mentioned to be careful adding new money to the mkt, which was the correct call as we did see weakness. I mentioned watching the $DXY for signals as it did move off the lows. But 20day save on Fri above key lvls for #SPX is bullish for now....
#stockmarket As I've mentioned in previous updates, $ spikes are equity bearish & last wk we did see #DXY move off the lows. Whether this a minor bounce or bigger countertrend move is yet TBD. $DXY bounce from OS RSI now above 14day SMA & day 3 of price flip; needs to be watched.
#stockmarket I also discussed in last WE update that key global mkts were also flashing Demark exhaustion signals & something that could hurt US stock performance - see 5 day performance of major indices....
Read 15 tweets
CoiledSpringCapital Profile picture
6 Dec 20
#stockmarket WE update. crazy bullish euphoria is all that comes to mind. But that doesn't mean it has to end. I think we are stretched which can be resolved by time or price. >3645 tough to be overly bearish, but putting new money to work up here seems foolish....
#stockmarket #SPX correlation to USD has been strong & previous spikes this yr have seen equity dislocation. This is the most important thing to watch IMO given how lopsided this trade has become. Demark has a 13 Seq/Combo & 9 buy in place/ w/ prop down tgt of 90.15 for $DXY...
#stockmarket the $DXY has closed below the lower bound 4x since the GFC ('08 it happened many times, Jan '18, this yr in July/Aug, Nov/Dec). As illustrated this usu is short lived. why would it be different this time? ...
Read 23 tweets

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