Alan Cohen

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Alan Cohen

Alan Cohen

@al_xdpg

Former RIA and current market technician still working on it. Retired physician and stem cell scientist. My opinions are not investment advice.

USA Katılım Şubat 2011
859 Takip Edilen5K Takipçiler
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Alan Cohen
Alan Cohen@al_xdpg·
$QQQ Today's action caught my eye. In addition to worsening breadth, as I've posted, we have this Marubozu candle engulfing almost the last 5 days. Much of what we do is pattern recognition. Recognize any patterns here. We'll know soon enough.
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Rebecca Fernandez
Rebecca Fernandez@Rebecca98869736·
Most market drops of the last decade were created by Trump. One was created by the Fed, one was a black swan. When Trump is gone, 20 years of rally awaits us ☝️
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Alan Cohen
Alan Cohen@al_xdpg·
@traderloco123 We sure are due for a Bounce. Bottoms usu need time but I've been burned by enough V-shaped bottoms to always worry I'll miss it. LOL
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loco total
loco total@traderloco123·
@al_xdpg Everyone sees fear but is waiting for a panic that will make buying stocks attractive... I, on the other hand, believe that we're seeing the lows this week and that starting next month—or as early as next week—a major rally will begin.Great job, Alan!!
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Alan Cohen
Alan Cohen@al_xdpg·
$SPX Here is another look at how far we are from panic. New highs-new lows not even close to panic levels. As oversold as we are at some levels, more oversold could be on the horizon. Trump got us into this. Unfortunately he has pissed off the Iranians. They can play rough.
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Alan Cohen
Alan Cohen@al_xdpg·
Hey! Thanks to all the peope that follow me & pushed me over 5000 followers. In the grand scheme of things, of no relevance but happy to share and be part of this community. Thanks to all.
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Alan Cohen
Alan Cohen@al_xdpg·
$QQQ We are oversold enough for a good bounce but this chart says we may test the Early 2025 high. The Andrews Pitchfork starts in Jan 2023. The lower tine would be as good a target for this correction as any. I don't do Macro but the bottom isn't today (no guarantees).
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Alan Cohen
Alan Cohen@al_xdpg·
$NDX We have a lot of readings saying things are oversold. But until we get New Lows busting higher on this chart, I'm in the oversold can stay in the oversold camp. I'm being patient, unusual for me. Panic is good. We need panic. Tells us a bottom is close. Wait for it.
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Alan Cohen
Alan Cohen@al_xdpg·
$QQQ As I've posted, I'm sitting in cash and looking for signs of a bottom. Not today. In fact, am open to much more downside action. Fib Extensions(red) and 38.2% Retracement (Blue) projections point to ~540 area or ~7% lower. The kids aren't used to this happening fast. Watch.
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Alan Cohen
Alan Cohen@al_xdpg·
$SPY The picture is the same here. A 38.2% Fib retracement of the April Bull Mkt or chart support @ pins @ March, 2025 highs pins a 6+% further correction. DC sure underestimated the Iran boyz.
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Alan Cohen
Alan Cohen@al_xdpg·
$SPX This market is definately oversold. The McClellan Oscillator is at levels often associated with reversals up. Of course, we need reversal & confirmation.
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Alan Cohen
Alan Cohen@al_xdpg·
$SPX I'm sitting in cash but always open to this correction ending. Pay attention to $CPCE, the put-call ratio. It is at a level that can mark a decent bounce or end of this correction. Of course, it does need to reverse. No guarantees.
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Alan Cohen
Alan Cohen@al_xdpg·
$COMPQ Ignoring the news (yah/sure!), this chart says breadth has deteriorated to a level that risks significantly more selling pressure. No predictions here. Just watching the grass grow.
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Alan Cohen
Alan Cohen@al_xdpg·
$QQQ In such a news-driven Mkt, you just have to stay open to all possibilities. If we don't bounce then this dreaded double top monster raises it's head. No guarantees. Cash ain't a bad option here either.
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Alan Cohen
Alan Cohen@al_xdpg·
$SPX An interesting 'Buy the Dip Signal' occured last week. I'm deep in cash & letting TACO work his magic. In the meantime watch for a FTD. Here are the details-cmtassociation.org/wp-content/upl…
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Alan Cohen
Alan Cohen@al_xdpg·
@_TradeFollowers Thanks. I wasn't sure of that but it has bit me in the past. I'm sure you are right. I didn't want to seem too positive. Just weighing options, so to speak.
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Blair Jensen
Blair Jensen@_TradeFollowers·
@al_xdpg Alan love your work. However, NYUD data gets adjusted the next market day. So it won't look nearly as bad a few hours into tomorrow's session.
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