When is the last time the S&P 500 gained 4%+ in a week while closing within -10% of its ATH weekly close after having declined -5% or worse the trailing 12 weeks?
Week ending 11/30/2018.
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@hmeisler
pinned tweet & don't fall victim to overconfidence.
Stay disciplined!
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@SJD10304
@hmeisler
It's not a perfect comparison but it's close enough to keep an eye on. Let's just go with we don't want to see a big decline giving back the last two day's gains. $SPX
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@Contrahour
@hmeisler
the point is that this week isn't a guarantee that we're out of the woods. Someone out there is loading up on $SPXL, or canceling stops, or getting irresponsibly long because of the last 4 days.
That's Helene's pinned tweet in a nutshell, so lets go with stay disciplined.
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@SJD10304
@hmeisler
Yes. We are experiencing similar price action to that year and 2015. This year (at least the first 6 months) will be a big "correction through time" period. Large range like those years. The outcome is what will define a new macro uptrend or we experience a 2008 type drawdown.
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@SJD10304
@hmeisler
Also don't invest based on a sample size of 1. The market fools most of the people most of the time. Stay disciplined as the man says.
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@SJD10304
@hmeisler
That bounce higher ended with a gap up on the open after the weekend and down she went afterwards for the whole month of Dec 2018. Well spotted!
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