Thursday, November 20, 2014

Market update

Previous update here
 
 
VST/ ST - Churned to Sell as of close yesterday
IT/ LT/ VLT - Buy
 


Tuesday, November 18, 2014

Market update

Previous market update here
 
VST/ ST - New buy signal
 IT/ LT/ VLT - Buy
 
Previous sell signal was a fail = This ST/ VST updates could be chop and top/ drop. Trading portfolio is getting chopped. But, IT remained a buy signal through out, so we are better in that account.
 
Except internals (Breadth and other liquidity indicators), everything in the externals are firm including price structure. Breadth has been bad for the last 2 months, indicating topping. In 2007-2008, it took 3 months for the price to realize bad breadth. But, in 1998 - 2000, it took 2 years for the market to eventually top. Bad breadth continued to push the market higher from 1998 to 2000. So, there is no telling if the market will top tomorrow or in 2 years. Our barometer has not given a signal either, so wait for IT change in stucture, not yet at least!
 
Internals are obviously bad, so be prudent; Be flexible; Signals may fail, signals may be profitable but be advised to be change your mind at the hint of change in direction.
 
 
 
 


Thursday, November 13, 2014

Market update

VST/ ST moved to sell
IT/ LT/ VLT - Buy signal


Previous market update here, stopped out.....
Didn't take the next buy signal

Tuesday, November 4, 2014

Market update

ST turned to sell
IT/ LT/ VLT - Buy
 
 
Previous update here
 
 
Just FYI, to see if you noticed or not, on the eve of this mid-term elections;
 
 
Market - Highs
Economy - GDP/ PMI/ etc - Good
Employment - Good
Gas prices - @ 4 year lows
 
 
= All feels good
 
^ Funfact, nothing else. GLTA!
 
 
p.s: On a sidenote, we expect crude oil to be bullish for the next 2 years; But, we will only follow price trends and not expectations

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