From orange and red to green? Not quite my friends. The indices moved off the lows, but with neither enough oomph to clear the major moving averages or even the Floor Trader Pivots or volume, which was above average, but …
A Slingshot versus a Bounce
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My colorful gauges to signal phase changes are brightly lit orange and yellow. Not only the colors of fall, but the colors of the market freefall.
The drop was orderly all things considered in that the indices took out Friday’s …
Entries and Exits with time and why
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The month ends with the market’s worst performance for a month since May 2012. However, the lows of last week were ultimately defended on Friday signaling that our bipolar patient-aka-the market, could have a mood swing either way come Monday. …
Social Media lead the way on Thursday with a stunning move (13.40% higher) in Facebook. Thus, NASDAQreturned to an unconfirmed bullish phase, yet remains the only one that did thus far of the four indices.
The small caps or Russell …
Still hurdles so we are diversifying how we trade
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The warning phase is accelerating, but going short now that the McLellan Oscillator is approaching oversold, looks better in theory since one blip up can bring in buyers for a bounce into overhead resistance.
Concerning sectors and groups, some had …
A look at the equity curve and why that matters most
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I have talked about the power of the phases thus far. In that respect, nothing has changed. All the indices ETFsremain in weak warning phases (I also wrote about the slope of the 50 DMA as a gauge to determine …