My Score market indicator has been in a down trend since 18 July, and although it is bouncing, it is still in a down trend and I consider it a short term up move in a longer term down trend.…
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Fed Post Mortem
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The Fed – “Wolf! Wolf!“ The Market – “TINA! TINA!” And, so we go higher….
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Industry & Sector Rotation
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The market has seen significant rotation since the High Growth Stock Relative Strength low at the end of April 2016. The Building/Mobile Manufacturing/RV industry group has been the strongest but other groups like Internet-E-Commerce and Internet-Content also started picking up…
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A Dip if TINA Will Allow
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Back in the saddle after a week with Harry Potter and friends in Florida. The bounce from the Brexit provided and excellent trading opportunity and a chance for AIM investors to buy at lower prices. This week saw significant rotation…
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Approaching the Bottom
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The Diamond Jim (Usually the last indicator to give a sell signal) flipped to a solid sell today. The Score chart and NASDAQ Accumulation (Elephant Tracks) indicators are nearing oversold territory. Looks like we could have a tradable bottom before…
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Going Down!
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The market takes the stairs up and the elevator down. The Brits have voted to exit! As I write this, just before 1:00 AM EST, June 24th, Dow futures are down 696. Buy when there is blood in the streets,…