Sell Signals All but Useless in Unchartable 2021 Stock Market

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Sell Signals All but Useless in Unchartable 2021 Stock Market

Bloomberg2021-04-25

Buy-and-hold beats all charting tools tracked by Bloomberg Bull market penalizes anyone doubting equity momentum If you bailed because of Bollinger Bands, ran away from relative strength or took ...

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snrocirpa
·2021-04-25
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2
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RonaldSTH
·2021-04-25
Agree.
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2
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PureRectitud
·2021-04-25
Liked n comment. Let's all huatt together [開心]
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2
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Muffingal
·2021-04-25
Agree
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Pixiestars
·2021-04-25
But how come my portfolio is no longer at its highest... [捂臉]
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imsomeonelse
·2021-04-25
Everything haywire in today’s world.
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2
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1Man2Stonks
·2021-04-25
Buy is the way
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1
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Fold Replies
- Dhalsim Wee:
  yes i agree
  2021-04-25
  Reply
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- Yoongs:
  Buy buy buy
  2021-04-25
  Reply
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- ApacheFire:
  Like
  2021-04-25
  Reply
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Darrenlee11
·2021-04-25
Must buy
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2
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- Foros:
  Hehe
  2021-04-25
  Reply
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Darrenlee11
·2021-04-25
Sell is buy
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3
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- OWYONG:
  buy buy buy
  2021-04-25
  Reply
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Garylim
·2021-04-25
Buy the dip!
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2
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- PureRectitud:
  Liked n comment bk pls tq
  2021-04-25
  Reply
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Fredwkh
·2021-04-25
Like and comment pls
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3
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- rDj:
  Pls reply to this post. Thx
  2021-04-25
  Reply
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Zarkness
·2021-04-25
Reply needed. Thanks
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4
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- Zarkness:
  Thanks
  2021-04-27
  Reply
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- TeslastonkReplying toZarkness:
  Yes
  2021-04-25
  Reply
  Report
- ponyinvestor:
  Go to my profile and leave a comment pls
  2021-04-25
  Reply
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ChrisCen
·2021-04-25
Wow
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- Zarkness:
  Wooow
  2021-04-25
  Reply
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Trader0505
·2021-04-25
Nice article
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1
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- Zarkness:
  Yes
  2021-04-25
  Reply
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TeenPopZ
·2021-04-25
Ok like me
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3
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- TeenPopZ:
  Ok
  2021-04-25
  Reply
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Alexngo
·2021-04-25
Really
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- Zarkness:
  Yup
  2021-04-25
  Reply
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MoneyCum
·2021-04-25
True
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1
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OWYONG
·2021-04-25
It's a mystery
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4
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- Zarkness:
  Hmmm
  2021-04-25
  Reply
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zolluA
·2021-04-25
hard to tell
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2
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- Yoongs:
  True
  2021-04-25
  Reply
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- marson:
  yes
  2021-04-25
  Reply
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Satay_sauce
·2021-04-25
So true
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3
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","article_id":"1151370935","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","pubTimestamp":1619321187,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"translate_title":"在不确定的2021年股市中，卖出信号几乎无用","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9},"content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":375874065,"gmtCreate":1619328093757,"gmtModify":1704722527944,"author":{"id":"3566827042617353","authorId":"3566827042617353","authorIdStr":"3566827042617353","name":"snrocirpa","avatar":"https://static.tigerbbs.com/4fae85c4484b768e42fa43005f97ff37","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3566827042617353"},"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375874065","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":375879705,"gmtCreate":1619327600407,"gmtModify":1704722519368,"author":{"id":"3580445955391890","authorId":"3580445955391890","authorIdStr":"3580445955391890","name":"RonaldSTH","avatar":"https://static.tigerbbs.com/390194fd6f59520ee0b7649e7fabb953","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580445955391890"},"htmlText":"Agree.","listText":"Agree.","text":"Agree.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375879705","repostId":1151370935,"repostType":2,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":375846427,"gmtCreate":1619327221269,"gmtModify":1704722510087,"author":{"id":"3581560229384661","authorId":"3581560229384661","authorIdStr":"3581560229384661","name":"PureRectitud","avatar":"https://static.tigerbbs.com/7a2e0cd785af3d3138ee0f871a34e2ed","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581560229384661"},"htmlText":"Liked n comment. Let's all huatt together&nbsp;[開心]&nbsp;","listText":"Liked n comment. Let's all huatt together&nbsp;[開心]&nbsp;","text":"Liked n comment. Let's all huatt together [開心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375846427","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":375848480,"gmtCreate":1619327125440,"gmtModify":1704722509118,"author":{"id":"3578526149260573","authorId":"3578526149260573","authorIdStr":"3578526149260573","name":"Muffingal","avatar":"https://static.tigerbbs.com/8912d7c784a51214590f1c8369ef03de","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3578526149260573"},"htmlText":"Agree","listText":"Agree","text":"Agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375848480","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":375821554,"gmtCreate":1619324745678,"gmtModify":1704722480923,"author":{"id":"3581832720375359","authorId":"3581832720375359","authorIdStr":"3581832720375359","name":"Pixiestars","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581832720375359"},"htmlText":"But how come my portfolio is no longer at its highest...&nbsp;[捂臉]&nbsp;","listText":"But how come my portfolio is no longer at its highest...&nbsp;[捂臉]&nbsp;","text":"But how come my portfolio is no longer at its highest... [捂臉]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375821554","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":375868742,"gmtCreate":1619323664086,"gmtModify":1704722468134,"author":{"id":"3572697049328629","authorId":"3572697049328629","authorIdStr":"3572697049328629","name":"imsomeonelse","avatar":"https://community-static.tradeup.com/news/9294e9e7f11f190688efe808098fa12b","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3572697049328629"},"htmlText":"Everything haywire in today’s world.","listText":"Everything haywire in today’s world.","text":"Everything haywire in today’s world.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375868742","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":375812766,"gmtCreate":1619322246455,"gmtModify":1704722443941,"author":{"id":"3576990637797737","authorId":"3576990637797737","authorIdStr":"3576990637797737","name":"1Man2Stonks","avatar":"https://static.tigerbbs.com/2c93182b4ac6670e37860fa9cbdfd2d4","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576990637797737"},"htmlText":"Buy is the way","listText":"Buy is the way","text":"Buy is the way","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/375812766","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4126913,"gmtCreate":1619322488119,"gmtModify":1680785487812,"authorId":3573082020282164,"author":{"id":3573082020282164,"authorId":3573082020282164,"name":"Dhalsim Wee","avatar":"https://community-static.tradeup.com/news/13ec42346e39510aa6641f12e2a56638","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.05","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375812766,"type":1,"supId":0,"prevId":0,"content":"yes i agree","text":"yes i agree","html":"yes i agree"},{"id":4126982,"gmtCreate":1619323166020,"gmtModify":1680785484745,"authorId":3573282285722566,"author":{"id":3573282285722566,"authorId":3573282285722566,"name":"Yoongs","avatar":"https://static.tigerbbs.com/359041796fe61458080479cfd058165b","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375812766,"type":1,"supId":0,"prevId":0,"content":"Buy buy buy ","text":"Buy buy buy ","html":"Buy buy buy "},{"id":4126887,"gmtCreate":1619322359219,"gmtModify":1680785483616,"authorId":3560730969024945,"author":{"id":3560730969024945,"authorId":3560730969024945,"name":"ApacheFire","avatar":"https://community-static.tradeup.com/news/dadb20729b4de235c5471810de88a90d","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.59%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375812766,"type":1,"supId":0,"prevId":0,"content":"Like","text":"Like","html":"Like"}],"langContent":"EN"},{"id":375816894,"gmtCreate":1619322144918,"gmtModify":1704722441994,"author":{"id":"3579604268396746","authorId":"3579604268396746","authorIdStr":"3579604268396746","name":"Darrenlee11","avatar":"https://static.tigerbbs.com/e8bac8361f7a8c63cb099e20a3bd16b7","vip":2,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":7,"crmLevelSwitch":1,"idStr":"3579604268396746"},"htmlText":"Must buy","listText":"Must buy","text":"Must buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/375816894","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4127372,"gmtCreate":1619326708021,"gmtModify":1680785497259,"authorId":3574156765565189,"author":{"id":3574156765565189,"authorId":3574156765565189,"name":"Foros","avatar":"https://static.tigerbbs.com/4aab8cbc5838ac3992a3d449f933303e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375816894,"type":1,"supId":0,"prevId":0,"content":"Hehe","text":"Hehe","html":"Hehe"}],"langContent":"EN"},{"id":375818209,"gmtCreate":1619322092601,"gmtModify":1704722440861,"author":{"id":"3579604268396746","authorId":"3579604268396746","authorIdStr":"3579604268396746","name":"Darrenlee11","avatar":"https://static.tigerbbs.com/e8bac8361f7a8c63cb099e20a3bd16b7","vip":2,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":7,"crmLevelSwitch":1,"idStr":"3579604268396746"},"htmlText":"Sell is buy","listText":"Sell is buy","text":"Sell is buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/375818209","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4126828,"gmtCreate":1619322114632,"gmtModify":1680785489989,"authorId":3580123886907382,"author":{"id":3580123886907382,"authorId":3580123886907382,"name":"OWYONG","avatar":"https://static.tigerbbs.com/e7740ceb2f12052f71b2b1260d80fdc0","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.03","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375818209,"type":1,"supId":0,"prevId":0,"content":"buy buy <u>buy</u>","text":"buy buy <u>buy</u>","html":"buy buy <u>buy</u>"}],"langContent":"EN"},{"id":375811386,"gmtCreate":1619322005845,"gmtModify":1704722438917,"author":{"id":"3561160643943169","authorId":"3561160643943169","authorIdStr":"3561160643943169","name":"Garylim","avatar":"https://static.tigerbbs.com/bd59425788f704785560474bfb38a5ba","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":5,"crmLevelSwitch":0,"idStr":"3561160643943169"},"htmlText":"Buy the dip!","listText":"Buy the dip!","text":"Buy the dip!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/375811386","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4127418,"gmtCreate":1619327083841,"gmtModify":1680785494282,"authorId":3581560229384661,"author":{"id":3581560229384661,"authorId":3581560229384661,"name":"PureRectitud","avatar":"https://static.tigerbbs.com/7a2e0cd785af3d3138ee0f871a34e2ed","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375811386,"type":1,"supId":0,"prevId":0,"content":"Liked n comment bk pls <u>tq</u>","text":"Liked n comment bk pls <u>tq</u>","html":"Liked n comment bk pls <u>tq</u>"}],"langContent":"EN"},{"id":375819380,"gmtCreate":1619321922240,"gmtModify":1704722435829,"author":{"id":"3570424148942091","authorId":"3570424148942091","authorIdStr":"3570424148942091","name":"Fredwkh","avatar":"https://static.tigerbbs.com/301d103aff8ff9955978aa630ee85588","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3570424148942091"},"htmlText":"Like and comment pls&nbsp;","listText":"Like and comment pls&nbsp;","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/375819380","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4127088,"gmtCreate":1619323808705,"gmtModify":1680785490453,"authorId":3560659454957997,"author":{"id":3560659454957997,"authorId":3560659454957997,"name":"rDj","avatar":"https://static.tigerbbs.com/5d780bed87fa959fa825e01587af3b59","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375819380,"type":1,"supId":0,"prevId":0,"content":"Pls reply to this post. Thx","text":"Pls reply to this post. Thx","html":"Pls reply to this post. Thx"}],"langContent":"EN"},{"id":375837919,"gmtCreate":1619321787931,"gmtModify":1704722433063,"author":{"id":"3572916667219493","authorId":"3572916667219493","authorIdStr":"3572916667219493","name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0,"idStr":"3572916667219493"},"htmlText":"Reply needed. Thanks","listText":"Reply needed. Thanks","text":"Reply needed. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/375837919","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4145638,"gmtCreate":1619490810818,"gmtModify":1680785781097,"authorId":3572916667219493,"author":{"id":3572916667219493,"authorId":3572916667219493,"name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375837919,"type":1,"supId":4126909,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"},{"id":4130566,"gmtCreate":1619361578271,"gmtModify":1680785545780,"authorId":3578224895450423,"author":{"id":3578224895450423,"authorId":3578224895450423,"name":"Teslastonk","avatar":"https://static.tigerbbs.com/57bab559387d1b04cbaa00a817eb71a7","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.36%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3572916667219493,"repliedAuthor":{"id":3572916667219493,"authorId":3572916667219493,"name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":375837919,"type":1,"supId":4126909,"prevId":4126987,"content":"Yes","text":"Yes","html":"Yes"},{"id":4126909,"gmtCreate":1619322470563,"gmtModify":1680785488542,"authorId":3575443999456708,"author":{"id":3575443999456708,"authorId":3575443999456708,"name":"ponyinvestor","avatar":"https://static.tigerbbs.com/138d1ebc8820019726a687f0ffe45994","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375837919,"type":1,"supId":0,"prevId":0,"content":"Go to my profile and leave a comment pls","text":"Go to my profile and leave a comment pls","html":"Go to my profile and leave a comment pls"},{"id":4126987,"gmtCreate":1619323192790,"gmtModify":1680785486429,"authorId":3572916667219493,"author":{"id":3572916667219493,"authorId":3572916667219493,"name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375837919,"type":1,"supId":4126909,"prevId":0,"content":"Sure. I have Gone to your profile And leave u a comment. isit ok?","text":"Sure. I have Gone to your profile And leave u a comment. isit ok?","html":"Sure. I have Gone to your profile And leave u a comment. isit ok?"},{"id":4126996,"gmtCreate":1619323212708,"gmtModify":1680785484506,"authorId":3572916667219493,"author":{"id":3572916667219493,"authorId":3572916667219493,"name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375837919,"type":1,"supId":4126785,"prevId":0,"content":"TKs","text":"TKs","html":"TKs"}],"langContent":"EN"},{"id":375834506,"gmtCreate":1619321775105,"gmtModify":1704722432087,"author":{"id":"3573646272982241","authorId":"3573646272982241","authorIdStr":"3573646272982241","name":"ChrisCen","avatar":"https://static.tigerbbs.com/9ed69e076449c1e1af50807f0353afc3","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":2,"crmLevelSwitch":1,"idStr":"3573646272982241"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/375834506","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4126752,"gmtCreate":1619321797958,"gmtModify":1680785489071,"authorId":3572916667219493,"author":{"id":3572916667219493,"authorId":3572916667219493,"name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375834506,"type":1,"supId":0,"prevId":0,"content":"Wooow","text":"Wooow","html":"Wooow"}],"langContent":"EN"},{"id":375834850,"gmtCreate":1619321761170,"gmtModify":1704722431600,"author":{"id":"3573216396035636","authorId":"3573216396035636","authorIdStr":"3573216396035636","name":"Trader0505","avatar":"https://static.tigerbbs.com/c50c5243fd8dd1cf060cabef7bcbb550","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573216396035636"},"htmlText":"Nice article","listText":"Nice article","text":"Nice article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/375834850","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4126754,"gmtCreate":1619321809132,"gmtModify":1680785489452,"authorId":3572916667219493,"author":{"id":3572916667219493,"authorId":3572916667219493,"name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375834850,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":375834923,"gmtCreate":1619321750562,"gmtModify":1704722431439,"author":{"id":"3566966810662099","authorId":"3566966810662099","authorIdStr":"3566966810662099","name":"TeenPopZ","avatar":"https://static.tigerbbs.com/8c1bdc62c66e3417a063fc38a4171048","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3566966810662099"},"htmlText":"Ok like me","listText":"Ok like me","text":"Ok like me","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/375834923","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4126743,"gmtCreate":1619321759488,"gmtModify":1680785486025,"authorId":3566966810662099,"author":{"id":3566966810662099,"authorId":3566966810662099,"name":"TeenPopZ","avatar":"https://static.tigerbbs.com/8c1bdc62c66e3417a063fc38a4171048","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375834923,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":375836560,"gmtCreate":1619321610850,"gmtModify":1704722428292,"author":{"id":"3571882312755933","authorId":"3571882312755933","authorIdStr":"3571882312755933","name":"Alexngo","avatar":"https://community-static.tradeup.com/news/223e039a4ee6d691503ce2aee951d200","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3571882312755933"},"htmlText":"Really","listText":"Really","text":"Really","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/375836560","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4126757,"gmtCreate":1619321818464,"gmtModify":1680785487893,"authorId":3572916667219493,"author":{"id":3572916667219493,"authorId":3572916667219493,"name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375836560,"type":1,"supId":0,"prevId":0,"content":"Yup","text":"Yup","html":"Yup"}],"langContent":"EN"},{"id":375838272,"gmtCreate":1619321546796,"gmtModify":1704722426656,"author":{"id":"3575437443107611","authorId":"3575437443107611","authorIdStr":"3575437443107611","name":"MoneyCum","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575437443107611"},"htmlText":"True","listText":"True","text":"True","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375838272","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":375831682,"gmtCreate":1619321485746,"gmtModify":1704722425684,"author":{"id":"3580123886907382","authorId":"3580123886907382","authorIdStr":"3580123886907382","name":"OWYONG","avatar":"https://static.tigerbbs.com/e7740ceb2f12052f71b2b1260d80fdc0","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3580123886907382"},"htmlText":"It's a mystery&nbsp;","listText":"It's a mystery&nbsp;","text":"It's a mystery","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/375831682","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4126768,"gmtCreate":1619321852089,"gmtModify":1680785489146,"authorId":3572916667219493,"author":{"id":3572916667219493,"authorId":3572916667219493,"name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375831682,"type":1,"supId":0,"prevId":0,"content":"Hmmm","text":"Hmmm","html":"Hmmm"}],"langContent":"EN"},{"id":375839859,"gmtCreate":1619321389071,"gmtModify":1704722422612,"author":{"id":"3574939149444540","authorId":"3574939149444540","authorIdStr":"3574939149444540","name":"zolluA","avatar":"https://static.tigerbbs.com/3f8d93c1ba9f0a0ae56af713df14b69f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574939149444540"},"htmlText":"hard to tell&nbsp;","listText":"hard to tell&nbsp;","text":"hard to tell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/375839859","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4126985,"gmtCreate":1619323187607,"gmtModify":1680785489553,"authorId":3573282285722566,"author":{"id":3573282285722566,"authorId":3573282285722566,"name":"Yoongs","avatar":"https://static.tigerbbs.com/359041796fe61458080479cfd058165b","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375839859,"type":1,"supId":0,"prevId":0,"content":"True","text":"True","html":"True"},{"id":4126781,"gmtCreate":1619321926299,"gmtModify":1680785482349,"authorId":3579274121824435,"author":{"id":3579274121824435,"authorId":3579274121824435,"name":"marson","avatar":"https://static.tigerbbs.com/a8905df6ac6babdec8ecba2509899ec2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":375839859,"type":1,"supId":0,"prevId":0,"content":"yes","text":"yes","html":"yes"}],"langContent":"EN"},{"id":375830128,"gmtCreate":1619321328964,"gmtModify":1704722421152,"author":{"id":"3574299194721700","authorId":"3574299194721700","authorIdStr":"3574299194721700","name":"Satay_sauce","avatar":"https://static.tigerbbs.com/3923a56282f8bd36aa7f39a7b82b11e1","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574299194721700"},"htmlText":"So true","listText":"So true","text":"So true","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375830128","repostId":1151370935,"repostType":4,"repost":{"id":"1151370935","pubTimestamp":1619321187,"share":"https://ttm.financial/m/news/1151370935?lang=&edition=fundamental","pubTime":"2021-04-25 11:26","market":"us","language":"en","title":"Sell Signals All but Useless in Unchartable 2021 Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1151370935","media":"Bloomberg","summary":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equ","content":"<ul>\n <li>Buy-and-hold beats all charting tools tracked by Bloomberg</li>\n <li>Bull market penalizes anyone doubting equity momentum</li>\n</ul>\n<p>If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.</p>\n<p>It’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&amp;P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.</p>\n<p>Of course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.</p>\n<p>“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.</p>\n<p>“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.</p>\n<p><img src=\"https://static.tigerbbs.com/b439de1af4a716ef8a268f3f4a71f916\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>The temptation to book profits and bail is getting hard to resist after the S&amp;P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.</p>\n<p>Earlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.</p>\n<p>Add in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.</p>\n<p>Yet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&amp;P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.</p>\n<p>“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”</p>\n<p>Bloomberg’s back-testing model purchases the S&amp;P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.</p>\n<p>A strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&amp;P 500 never pulled back fast and long enough to flash buy.</p>\n<p>The moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.</p>\n<p><img src=\"https://static.tigerbbs.com/564ea77e56445e4e8644023f2fcee27d\" tg-width=\"799\" tg-height=\"617\"></p>\n<p>Such is the cost of betting against momentum in a market where the S&amp;P 500 has already eclipsed the average Wall Street strategist’s&nbsp;year-end target.</p>\n<p>“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”</p>\n<p>Williams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.</p>\n<p>“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Signals All but Useless in Unchartable 2021 Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSell Signals All but Useless in Unchartable 2021 Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock-market?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151370935","content_text":"Buy-and-hold beats all charting tools tracked by Bloomberg\nBull market penalizes anyone doubting equity momentum\n\nIf you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you paid for it.\nIt’s testament to the straight-up trajectory of stocks that virtually all signals that told investors to do anything but buy have done them a disservice this year. In fact, when applied to the S&P 500, 15 of 22 chart-based indicators tracked by Bloomberg have actually lost money, back-testing data show. And all are doing worse than a simple buy-and-hold strategy, which is up 11%.\nOf course, few investors employ technical studies in isolation, and even when they do, they rarely rely on a single charting technique to inform decisions. But if anything, the exercise is a reminder of the futility of calling a market top in a year when the journey has basically been a one-way trip.\n“What we’ve seen this year is a very strong up market that didn’t get many pullbacks,” said Larry Williams, 78, creator of the Williams %R indicator that’s designed to capture a shift in a security’s momentum. A long-short strategy based on the technique is down 7.8% since the end of December.\n“All the overbought andoversoldindicators, mine as well as anybody else’s, didn’t get many buy signals, but a lot of sells,” he said.\n\nThe temptation to book profits and bail is getting hard to resist after the S&P 500’s best 12-month rally since the 1930s. Increasing the anxiety are a mountain of charts signaling a market that’s stretched to its limits.\nEarlier this month, the index soared 16% above its 200-day average, a feat that before December had occurred only a handful times over the past three decades. Moreover, the benchmark’s relative strength index has surpassed 70 on both a weekly and monthly basis, a sign that the market has risen too far, too fast.\nAdd in pundits warning of bubble-like valuations and resurgent coronavirus concerns, and it’s a recipe for sell orders.Hedge funds, for instance, have hit the exits this month, stampeding out of tech stocks just days before Apple Inc. and Amazon.com Inc. report financial results.\nYet avoiding the stock market for any period of time has proven to be the riskiest wager of all. The S&P 500 has yet to retrench more than 5% this year. At the same time, missing out on the big up days is more penalizing than ever. Absent the top five sessions, the index’s 11% gain dwindles to 2%.\n“To try to guess that this is the right time to be out of the market, you may as well go to Las Vegas,” said Mark Stoeckle, chief executive officer at Adams Funds. “There’s just as much risk doing that.”\nBloomberg’s back-testing model purchases the S&P 500 when an indicator signals a “buy” and holds it until a “sell” is generated. At that time, the index is sold and a short position is established and kept until a buy is triggered.\nA strategy following RSI signals has dropped 10% this year. The damage occurred as stocks entered the year with unbridled momentum that touched off an order to sell. The trade has since been in place as the S&P 500 never pulled back fast and long enough to flash buy.\nThe moving average convergence/divergence indicator -- better known as MACD -- has suffered a loss of 9.8%. Five of the nine trading signals that the model has produced have been buys, and four of them have lost money. In addition, all four short recommendations have been losers.\n\nSuch is the cost of betting against momentum in a market where the S&P 500 has already eclipsed the average Wall Street strategist’s year-end target.\n“Today, and for much of 2020, the overbought conditions have been absorbed by the market with more strength, or at best a pause,” said Renaissance Macro Research co-founder Jeff deGraaf, who ranked as the top technical analyst in Institutional Investor’s annual survey for 11 straight years through 2015. “Overbought/oversoldconditions are useless without first defining the underlying trend of the market.”\nWilliams, who has been trading since 1962, agrees. Technical analysis tools aren’t broken, he says, but in a bull market that’s as resilient as this one, investors need to use them in the right context.\n“You have to have a different tool, if you will, for a job you’re doing,” he said. “I have a hammer that can build a house, but if I use the hammer to dig a hole in the ground, that’s going to be really hard.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":84,"commentSize":21,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}