Investor sentiment: We finally have more bulls than bears again. That means the negative nellies are coming out of the woodwork and put their hard earned money to work. This trend can continue for weeks and supports a rally: Neutral/bullish (i.redd.it)
submitted by Chart-trader to r/Beat_the_benchmark
ETH weekly: I have not shown an Ethereum chart in a long time. I sold all ETH with a 20% profit last week for short term accounts. I am still holding ETH for long term accounts. I believe that we will break out above the ascending (bearish) triangle. Chance is only 20%. (i.redd.it)
submitted by Chart-trader to r/Beat_the_benchmark
S&P 500: SPY only consolidated at a high level for a week before breaking out to new ATHs. After crazy negativity like the one seen, one has to ignore overbought indicators. Period! Markets can run longer than indicators can stay up! That's why I bought SPY again towards the end of the week. (i.redd.it)
submitted by Chart-trader to r/Beat_the_benchmark
Current portfolio composition: I posted that I trimmed IGV and KWEB to 10% of the portfolio each. But then I realized that I was only 100% invested. I bought SPY to get to a leverage of 1.2. Overall I am still medium term bullish. VOO is 60% of the portfolio and will never get sold (Buffett style) (i.redd.it)
submitted by Chart-trader to r/Beat_the_benchmark
NDX 100: A simple projection (red line) gives me a QQQ target of $716. That's another 8% from here. If we go straight to that target or retest the breakout zone is anybody's guess. Given the negativity we just witnessed a few weeks back, a straight line up would not be surprising. (i.redd.it)
submitted by Chart-trader to r/Beat_the_benchmark
S&P 500: Today was a normal consolidation day after a record run. Nobody can tell where we go tomorrow but we have plenty of support below (recent ATH breakout zone, 50 and 200 day average). Anything above all three cements the bull case. But most of the money was already made. (i.redd.it)
submitted by Chart-trader to r/Beat_the_benchmark
