#MarketTiming – Upswing Day 2

Got what I was looking for – the general market moved up today off Friday’s turn to the upside. It remains in rally mode and is again a buy on Tuesday’s open for day traders.

TRADING SIGNALS:

PRICE: Positive. Long on Monday open (now Day 2).
SHORT-TERM BREADTH: Positive. Long on Monday open (now Day 2).
VOLATILITY: Positive. Long on Monday Open (now Day 2).

CONTEXT:

LONG-TERM BREADTH: Negative (Day 3).
FEAR AND GREED INDEX: Neutral (46, falling).
NIFTY-50 STOCK LIST: 40 Buys, rising; 19 Overbought, 3 Oversold.

Day Trade results (for those who do not hold overnight):

TQQQ up 1.72 percent.
XIV up 1.71 percent.
UPRO up .45 percent.
TNA down .20 percent.
Net: 1.02 percent.

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