Stockbee: Signs of possible breadth turn

Signs of possible breadth turn

April 7, 2020

Extremely negative breadth is now behind us. We had the biggest buy day in breadth terms since correction start. All signs pointing to a 4to 6 week bounce.

Currently 40% invested in 401k after being in cash from Feb 2nd . Avoided all the carnage in Stockbee Lemonade Strategy.

This is very good market for short term traders. Stocks are making big intraday moves.

10 comments :

MLApr 7, 2020, 8:41:00 PM
what was on Feb 2nd that made you went to cash? all MM number seem fine around that time.
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Pradeep BondeApr 7, 2020, 9:03:00 PM
50% in month were up above 20 for long period so I was expecting correction
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SeanApr 8, 2020, 7:15:00 PM
What is the trading frequency for the Lemonade Strategy? Is is weekly or monthly?
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Pradeep BondeApr 8, 2020, 7:25:00 PM
only 1 or 2 times in a year. Sometimes only once in 18 months or so.
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WHApr 8, 2020, 8:20:00 PM
For Lemonade, do you prefer daily, weekly or monthly TI42?
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Pradeep BondeApr 8, 2020, 8:22:00 PM
daily
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FX Crusader.Apr 11, 2020, 11:58:00 AM
Did u enter after 23march bounce ?
If yes, which date ?
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Pradeep BondeApr 11, 2020, 12:06:00 PM
yes 03/27
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shyamApr 11, 2020, 3:33:00 PM
Wow, I did the same thing with futures but could not hold on the shakeout of next few days and stopped out. But got back on 4/3
to make some decent profits last week. Do you think this is sustainable rally to previous highs or just bounce with further downside of at least a retest of 03/23 low or even a marginal new low?
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Pradeep BondeApr 11, 2020, 5:18:00 PM
The rally likely to last 4 to 6 weeks but will ve very volatile. Based on extreme breadth the bottom is in.
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