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.
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).
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)