BlueWolf’s Weekly Market Sentiment (New and Improved with Better Flavor!)

[BlueWolf]

Sorry, no report this week. I just got wrapped up with other things. My short and long term bias, however, remain bullish. I did finish my scans, though. Here are the stocks I’ll be watching.

Long Day Trade: CARG. RAMP, VERI
Short Day Trade: CRSR, FLR, RCL
Swing/LT Trade: ANET, ETSY, HCAT, NET, PINS, QDEL. SMAR, TEAM, WD, ZEN
Interesting IPOs: CERT

Good luck with your trading and investing.

[BlueWolf]

Market sentiment for week ending Dec 25, 2020

Market sentiment for week ending Dec 25, 2020

First of all ... Merry Christmas!

Short Term Bias: Bullish
Long Term Bias: Bullish

I have included an annotated daily chart for the NASDAQ. The S&P and Dow are both similar to the NASDAQ and so I have not included a chart for these indices.

The bullishness continues on all three indices as they continue to make new highs. They are all within fairly tight regression channels, and made a nice recovery this week after the mini correction of last week. For this reason, my long term bias remains bullish. The indices all ended higher week-over-week (WoW) and after a slight pullback on Friday, ended the day on the upswing. For these reason my short term bias remains bullish.

Annotated Daily Chart for the NASDAQ:
https://www.dropbox.com/s/c0kj4piwa4...02020.jpg?dl=0

I saw tons of bullish patterns in stock during my scans this week. Unfortunately, a lot of these patterns were too extended from their moving averages to present good entries. That’s good if you are already holding, but not so good if you are late to the game and want to get in. Here are the stocks I will be watching to start the week:
Long Day Trade Candidates: CIEN, LAZR, TGTX
Short Day Trade Candidates: CYH, FDX, REPL, TGNA, WRE
Swing/LT Trade Candidates: AMT, CRM, EDIT, FUBO, PAYC, WD, ZEN
Interesting IPOs: ABNB, AI, MASS

Good luck with your trading and investing.

[enhancebeginner]

It is not favorable most of the time.

[BlueWolf]

Market sentiment for week ending Jan 1, 2021

Market sentiment for week ending Jan 1, 2021

First of all ... 🎆Happy New Year 🎇!

Short Term Bias: Bullish
Long Term Bias: Bullish

I have included annotated daily charts for the NASDAQ and Dow. The S&P is similar to the Dow and so I have not included a chart for this index.

The bullishness continues on all three indices as they are all still within their tight, bullish regression channels. The NASDAQ, in particular, is still showing considerable bullish strength. The Dow and S&P. In contrast, while still barely bullish, are showing signs of weakness as the indices dwell near the bottom of their regression channels and show signs of weakness in other indicators including the MACD. Then there are all of the bearish setups I saw as I hand scanned stocks this weekend. It’s probably mostly intuition, which we all know is not always reliable, but it just feels a little bearish right now. For these reasons, my short and long term bias has changed to bearish, and I will probably be locking in some profits in the upcoming week.

Annotated Daily Chart for the NASDAQ:

https://www.dropbox.com/s/si7xxzwkgswchng/NASDAQ%20Dec%2026%2C%202020.jpg?dl=0

Annotated Daily Chart for the Dow:

https://www.dropbox.com/s/lbspm3kwdj3bvmp/Dow%20Dec%2026%2C%202020.jpg?dl=0

I am not inclined to enter any additional long term or swing long trades right now, so I only have a few short term candidates to share this week. Here are the stocks I will be watching to start the week:
Long Day Trade Candidates: LCA
Short Day Trade Candidates: FUTU, LI, XPEV
Swing/LT Trade Candidates: -
Interesting IPOs: -

Good luck with your trading and investing.

[BlueWolf]

Taking a break this week, guys. Happy New Year! 🥳

[BlueWolf]

Market sentiment for week ending Jan 15, 2021

Market sentiment for week ending Jan 15, 2021

Short Term Bias: Bullish
Long Term Bias: Bullish

I have included an annotated daily chart for the NASDAQ. The Dow and S&P are similar and so I have not included a chart for these indices.

The indices all remain bullish, and my intuitions about pending bearishness have proven wrong. The indices are all making higher pivot highs and higher pivot lows and are trading well within their regression channels despite teasing the bottom boundaries early in the week. My short and long term bias is therefore bullish, although I am mostly in cash. For now, I will primarily be day and swing trading the market.

Annotated Daily Chart for the NASDAQ:
https://www.dropbox.com/s/40m2mmt1u4...02021.jpg?dl=0

I did a fair amount of day and swing trading last week, and I will be looking to do the same this week. Here are some stocks I will be looking at:

Day/Swing Long Trade Candidates: DDOG, FSLY, FTEK, MDB, ROOT, SPLK, TTD, ZUO
Day/Swing Short Trade Candidates: SIRI, SLDB
Long term Long Trade Candidates: (none)
Interesting IPOs: AI

Good luck with your trading and investing.

[BlueWolf]

Market sentiment for week ending Jan 22, 2021

Market sentiment for week ending Jan 22, 2021

Short Term Bias: Neutral
Long Term Bias: Neutral

I have included an annotated daily chart for the NASDAQ. The Dow and S&P are marginally different, but not significantly so to justify a separate analysis.

All three indices had off weeks, closing down week-over-week after making a new all-time highs to close the previous week. While the indices all continue to trade within their regression channels, the poor close to the week raises at a least a few concerns. The NASDAQ and S&P closed more weakly than the Dow and again tested the lower bounds of their regression channels. The CCIs for all three indices also took a precipitous dive and are definitely steeply sloped to the downside. I therefore have my concerns. I can’t commit to bearishness because the indices technically haven’t broken their trends, but the mixed signals have lead me to have a neutral bias in both the short and long term.

Annotated Daily Chart for the NASDAQ:
https://www.dropbox.com/s/joedyaq963...02020.jpg?dl=0

I am limiting myself to short term trading right now as I am feeling very cautious about the market. I didn’t turn up much I liked this weekend, but here are a few stocks I will be looking at:
Short Term Long Trade Candidates: CURO
Short Term Short Trade Candidates: CLF, CRDF, DASH
Long Term Long Trade Candidates: (none)
Interesting Recent IPOs: (none)

Good luck with your trading and investing.

[BlueWolf]

I haven’t been able to log on or access the site for a couple of weeks now. Today, I tried using a VPN to see if that worked, and I went right through. Apparently my IP address is being blocked by the site. So, no more weekly updates.

[BlueWolf]

Market sentiment for week ending Feb 12, 2021

After disappearing for a while I’m back! **** crickets ****

Market sentiment for week ending Feb 12, 2021

Short Term Bias: Bullish
Long Term Bias: Bullish

I have included annotated daily charts for the NASDAQ and Dow. The S&P is similar to the Dow, so I have not included a chart.

All three indices had a very bullish week, each one booking significant gains week-over-week. This represented a significant reversal from the minor correction two weeks ago. There is a modest divergence between the Dow/S&P and the NASDAQ, with the NASDAQ making a new high and pretty much staying within its uptrend channel. The Dow was the weakest of the three, breaking down from its regression channel two weeks ago and then bouncing back but failing to make a new high. The S&P was similar to the Dow although it did make a new high like the NASDAQ. Because two of the indices made new highs and because the Dow had a significant recovery from its correction, my long term bias is bullish. I’m a little more cautious for the short term because of the relative weakness of the Dow and because of the topping tails on both the Dow’s and S&P’s closing bar for the week. This could portend an imminent rollover, but we’ll just have to see. I would feel more confident if the Dow made a new high. Still, all in all, my short term bias is bullish.

Annotated Daily Chart for the NASDAQ:
https://www.dropbox.com/s/msg8qt4s7j...02021.jpg?dl=0

Annotated Daily Chart for the Dow:
https://www.dropbox.com/s/u6phpcuc6x...02021.jpg?dl=0

I started accumulating positions during the correction two weeks ago, so I have been doing quite a bit of buy and hold trading. I’m still doing some swing trading and I’m making a few opportunistic day trades. Here are the stocks I will watching at the start of the new week:
Day Trade and Swing Trade Long Candidates:
CARG, CLSK, CVAC, MAXR, VRAY
Day Trade and Swing Trade Short Candidates:
COG, DASH
Buy and Hold Candidates:
INSP, PANW, PLTR, QRVO, ROKU, RVLV, SQ
Interesting Recent IPOs:
(none)

Good luck with your trading and investing.

[BlueWolf]

Market sentiment for week ending Feb 19, 2021

Market sentiment for week ending Feb 19, 2021

Short Term Bias: Bullish
Long Term Bias: Bullish

I have included an annotated daily chart for the NASDAQ. The S&P and Dow are now similar to the Dow, so I have not included their charts.

All three indices had bullish weeks, finishing higher, week-over-week. All three indices are also basing after making new highs, looking poised to move higher. For this reason, my short term bias is bullish. The indices are all well within their uptrend regression channels, and volatility remains relatively low. For these reasons, my long term bias is bullish.

Annotated Daily Chart for the NASDAQ:

https://www.dropbox.com/s/9qt72v1uqx6mdk1/NASDAQ%20Feb%2014%2C%202021.jpg?dl=0

I’m not doing much day or swing trading, but I am fully invested in the market right now. I’m still looking at a few more stocks for possible buy and hold additions. Here are the stocks I will watching at the start of the new week:
Day Trade and Swing Trade Long Candidates:
LAZR, QS
Day Trade and Swing Trade Short Candidates:
CLVS, DVA, WISH
Buy and Hold Candidates:
ANET, EXPI, MGNI, NOW, PANW, ROKU, WDAY
Interesting Recent IPOs:
DSP, NEXI

Good luck with your trading and investing.

[BlueWolf]

Market sentiment for week ending Feb 26, 2021

Market sentiment for week ending Feb 26, 2021

Short Term Bias: Bullish
Long Term Bias: Bullish

I have included an annotated daily chart for the NASDAQ. The S&P and Dow are similar to the Dow, and I have not included their charts.

All three indices made new highs early in the week. The NASDAQ, however, then pulled back and bounced off its regression channel’s lower boundary. In mild contrast, the Dow and the S&P both based near their highs and look poised to move higher. For these reasons, my short term bias remains bullish. Since all three indices remain well within their regression channels and have recently made new highs, my long term bias is bullish.

Annotated Daily Chart for the NASDAQ:
https://www.dropbox.com/s/gxyr3krviu...02021.jpg?dl=0

Here are the stocks I will watching at the start of the new week:
Day Trade and Swing Trade Long Candidates:
QS
Day Trade and Swing Trade Short Candidates:
BYND, RBBN, YI, YY
Buy and Hold Candidates:
BL, EXPI, MGNI
Interesting Recent IPOs:
RAAS

Good luck with your trading and investing.

[BlueWolf]

Market sentiment for week ending Mar 5, 2021

Market sentiment for week ending Mar 5, 2021

Short Term Bias: Bearish
Long Term Bias: Bearish

I have included an annotated daily chart for the NASDAQ. The S&P is somewhat similar to the Dow and I have therefore not included this charts.

Well, we had a bloody week, with all three indices closing down, week-over-week. It was more the way they closed down, however, that has me concerned. The NASDAQ’s uptrend completely broke down with the Dow and S&P teasing the lower boundary of their channels and looking like they had considerable downward momentum. Friday’s closing bar on the Dow is particularly worrisome. For these reasons, my short and long term bias is now bearish.

Annotated Daily Chart for the NASDAQ:

https://www.dropbox.com/s/4djyskdn9mxbk6r/NASDAQ%20Feb%2027%2C%202021.jpg?dl=0

Annotated Daily Chart for the Dow:

https://www.dropbox.com/s/m4afi0cl8aj1vi0/Dow%20Feb%2027%2C%202021.jpg?dl=0

Here are the stocks I will watching at the start of the new week:
Day Trade and Swing Trade Long Candidates:
AMKR, FTNT
Day Trade and Swing Trade Short Candidates:
NMRK, NYCB
Buy and Hold Candidates:
(none)
Interesting Recent IPOs:
(none)

Good luck with your trading and investing.

[BlueWolf]

Market sentiment for week ending Mar 12, 2021

Market sentiment for week ending Mar 12, 2021

Short Term Bias: Bullish
Long Term Bias: Bearish

I have included annotated daily charts for the NASDAQ, Dow, and S&P.

It was a bloody week for the NASDAQ and the index finished down significantly week-over-week. The S&P and Dow, however, while dropping down early in the week actually finished up week-over-week in a fairly significant divergence from the NASDAQ. The NASDAQ had previously broken down out of its regression channel in the prior week, and the S&P joined it this week such that both indices have technically become bearish. In another divergence, the Dow continued to trade within its regression channel and is therefore technically still in an uptrend. On a shorter term scale, all three indices enjoyed a bit of a bounce on Friday, with the Dow and S&P forming a bullish pattern called a “One White Soldier,” and the NASDAQ forming a narrow green bar with a significant bottoming tail. These Friday bars lead me to believe that a near term bounce may be imminent in the indices. For that reason, my short term bias is bullish. I am not convinced however, that this bounce will morph into a new uptrend. With both the NASDAQ and S&P trading outside of their previous uptrend channels and the Dow sort of basing sideways at a recent low, I think there may be more downside to come. For that reason, my long term bias remains bearish.

Annotated Daily Chart for the NASDAQ:
https://www.dropbox.com/s/ei4khbeyb7...02021.jpg?dl=0

Annotated Daily Chart for the Dow:
https://www.dropbox.com/s/7ahcpt80tz...02021.jpg?dl=0

Annotated Daily Chart for the S&P:
https://www.dropbox.com/s/tcwtkjrxtg...02021.jpg?dl=0

I won’t be shorting any stocks to start the week because I am convinced there may be a bounce coming. If I short, I will short into that bounce. Right now, all the patterns I saw were too far extended to the downside to short. Here are the other stocks I will watching at the start of the new week:
Day Trade and Swing Trade Long Candidates:
EXPI, FIZZ, GH, IPOD, IPOF, LMND, NTNX, QDEL, ROKU, SPCE, TTD, WDAY
Day Trade and Swing Trade Short Candidates:
(none)
Buy and Hold Candidates:
(none)
Interesting Recent IPOs:
(none)

Good luck with your trading and investing.

[BlueWolf]

Market sentiment for week ending Mar 19, 2021

Market sentiment for week ending Mar 19, 2021

Short Term Bias: Bearish
Long Term Bias: Bearish

I have included annotated daily charts for the NASDAQ, Dow, and S&P.

All three indices had very strong weeks, although I’m cautious about their future direction. The NASDAQ had a very strong week, but ended up right at the border of its new downtrending regression channel, hinting at a possible reversal as Friday’s bar gave up some ground despite moving up during the day. The S&P ended up right near the bottom of its old uptrending regression channel, a possible reversal point. The S&P still has some ground to make up in order for it to take out its prior pivot high and confirm that it is still in an uptrend, but Thursday’s topping tail hinted at a little exhaustion. The Dow looked extremely strong as it continues its divergence from the other two indices. It did, however, extend itself beyond the upward bounds of its uptrending regression channel, and looks due for some kind of pullback. For all these reasons, and my belief that some sort of near term pullback is probably imminent, my near term bias has returned to bearish. My long bias remains bearish because I haven’t yet seen enough to convince me that the overall direction of the market has changed.

Annotated Daily Chart for the NASDAQ:
https://www.dropbox.com/s/hv8qp322wl...02021.jpg?dl=0

Annotated Daily Chart for the Dow:
https://www.dropbox.com/s/omf2tbou8k...02021.jpg?dl=0

Annotated Daily Chart for the S&P:
https://www.dropbox.com/s/hv8qp322wl...02021.jpg?dl=0

Despite my belief that a short term pullback may be coming, I couldn’t really find a whole lot of stocks in my scans that looked like primo short candidates. I continue to find long bounce candidates, but these would have to be played delicately, and only with the direction of the market, i.e. I wouldn’t trade any of them long on a down day. Here are the stocks I will be watching to start the week:
Day Trade and Swing Trade Long Candidates:
EXPI, FSLY, IPOD, LMND, NTNX, NVCR, PLTR, SFIX, SKLZ, SPCE, TDOC
Day Trade and Swing Trade Short Candidates:
(none)
Buy and Hold Candidates:
(none)
Interesting Recent IPOs:
(none)

Good luck with your trading and investing.

[BlueWolf]

Market sentiment for week ending Mar 26, 2021

Market sentiment for week ending Mar 26, 2021

Short Term Bias: Neutral
Long Term Bias: Neutral

I have included annotated daily charts for the NASDAQ, Dow, and S&P.

All three indices had down weeks, but this short term downward movement did not break what the longer term bullish trends in the Dow and S&P. I have therefore changed my long term bias to neutral as we wait to see if these two indices reconcile with the NASDAQ. The NASDAQ remains the weakest of the three indices by far, as the tech sell off continues, but the NASDAQ did form a short term double top. This could indicate that the index has transitioned from bearishness to consolidation. All three indices still have room to move further down within their regression channels, so we may have another down week. A boost for the bulls, however, could be in the making if the NASDAQ can reverse from here and head higher, forming a higher pivot low. As a result of this indecision, my short term bias for next week is neutral as I wait to see how things play out.

Annotated Daily Chart for the NASDAQ:
https://www.dropbox.com/s/c2zecz94hp...02021.jpg?dl=0

Annotated Daily Chart for the Dow:
https://www.dropbox.com/s/psloqbviy1...02021.jpg?dl=0

Annotated Daily Chart for the S&P:
https://www.dropbox.com/s/o988zsu5e8...02021.jpg?dl=0

I didn’t see a lot of top quality short term plays in my scans, but I turned up a few stocks of interest. Here are the stocks I will be watching to start the week:
Day Trade and Swing Trade Long Candidates:
NVAX, STAA
Day Trade and Swing Trade Short Candidates:
CB, FSB, WOW
Buy and Hold Candidates:
SDGR
Interesting Recent IPOs:
RAAS

Good luck with your trading and investing.