My Score indicator is still heading south, although the trip is not straight down. The NYSE Short Interest ratio has been falling, and this past week, the final nail in the coffin, my Diamond Jim Market timer gave a sell signal. It appears we will not know until the 20th if the market will move sideways for a while, or pick up steam to the downside.
TNA 109.52 strike calls I sold in December for 6.25 will most likely expire worthless this Friday – Cha-Ching!
In the meantime it is a good point, early in the year, to look at some relative strength charts of the high growth industry groups from which the HGS Chart (under Market Indicators on the main menu) is created, and see how they performed in 2016:
