That symbol in the end is CEFS not CEFT.

CEFT 9.5% yield.

This is a Bell Curve of the sectors making up the market —it is skewed to the right side of the ledger “curve”. With thoughts on the right strategy option bear spreads, covered writes. Hedge existing positions and use lower volatility funds such as CEF’s. New paragraph

NYSE Bullish Percent still on defense and not giving in even though the SPX reached all time highs. Here’s why. The XLG S&P 500 top 50 is what is outperforming. We are in a market of stocks not a stock market. With the Nysebp on Defense be careful on new positions. New paragraph

Bullish Percent is on Defense.

The Need for Normalization youtu.be/isutjgjWTvs?si… via YouTube

Nysebp now 60%. If we move to 5000 spx I surmise we will be at 70%. I hate to start the new year out in the overbought side of the ledger. It’s going to be interesting.

Naturally the offensive team is still on the field.
Here is what is interesting and no one is seeing it. We are still not overbought. NYSE bullish percent is at 55% we don’t become overbought until 70%. T

Dhanya. Will be focusing on Indian Stocks and ETF’s

“The AI response was able to narrow down from X’s and O’s to teaching me about Relative Strength and analysis of charts. I encourage the use of AI with your fields of interest and it will eventually teach you effectively.”

Any questions/concerns email

[email protected]

Here is Dhanya.
“I recently found when you regularly ask AI a singular question, it provides many points that enhances your knowledge. I found that the more I ask about Point and Figure charting, I was able to learn about charting with visual representation of signals as well.”

I have been mentoring a young man from India. One of the smartest young person I have met in a long while.
I recommended he ask chat gpt a question a day. He has come up with some things of interest. His name is Dhanya Patel. He takes over from here. Might take couple messages.

A little fun for Thanksgiving. 1982

NYSE bullish percent at 46. Market is still not overbought. When we pass 50% we move into overbought territory. This simply suggests more stocks visited by buying pressure than selling pressure. When it reaches 70% we will be overbought but still with the offens… running plays.

Trump Revenge?

As Joe Biden’s polls plunge, his public bewilderment becomes chronic, and his exposed corruption can no longer be defended, pundits are writing furiously about the specter of “Trump revenge”. What is that, and why is it coming up now?

The Republican primary polls…

Too India Nifty Stocks
Tara Motors
Coal India United
Larsen & Toubro
Dr Reddys Labs
Industrial Bank Ltd

Offensive team is on the field. BP reversed up.

Bpnyse 28.5 for the most part everyone has sold that wants to sell. Reversal up essential just as reversal we discussed here Aug 5.

We now watch for a reversal up in the BPNYSE. In this market I hedge all stock buys with a covered write. Before bed each night I buy or sell a few esz23 futures and sell deep in the money calls for the next day. Makes first thing in the morning interesting.