#MarketTiming – looking for more upside…

After Friday’s upside surge looking for more up to come.

Trouble is all last week every big up move in QQQ was followed day by an equal drop; same for the SPY. It has been an extremely choppy market of late on a daily basis.

But for now, the three main end-of the-day trading triggers — PRICE, BREADTH, VOLATILITY — are all in buy mode so the market timing is a buy until it is not.

TRADING SIGNALS:

PRICE: Positive. Long on Monday open (Day 1).
SHORT-TERM BREADTH: Positive. Long on Monday open (Day 1).
VOLATILITY: Positive. Long on Monday Open (Day 1).

CONTEXT:

LONG-TERM BREADTH: Negative (Day2).
FEAR AND GREED INDEX: Neutral (49, rising).
NIFTY-50 STOCK LIST: 39 Buys, 11 Sells, 10 Overbought, 4 Oversold.

(click on chart for a larger image)
Spy

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s