Very unusual, but SPY and (now DIA) are both on my sell screen. AND I will get an all market sell signal at the close. I would be extremely surprised if they both failed. It is year end which tends to be strong seasonality, but these signals are independently quite good so having them hit […]
SPY on my ETF sell screen at 599.50.. Should be a sharp drop within a day or two.
IWM (small cap ETF) is now on my sell screen. This indicates that this market sector is super overdone. When it gets to this level it usually indicates a drop dead ahead. There are other things I look at that indicate the drop is quite likely to be more than a one-day wonder. I myself […]
If the Dow closes up I will get an all mkt sell signal. This means the market as a whole is 70% likely to have an immediate sharp drop (1% or more) Hard to say which index will take the biggest hit. Given the giant up day yesterday, a pullback would not be surprising. It […]
All mkt buy signal hit at the close. These are 70% likely to work. It means there ought to be an immediate rally of at least 1% in a major index: NDX, SPX, DJIA, IWM. I usually spread my purchase around using 3 X ETFs for each. The 10/18 all mkt sell caught the exact […]
GLD closed on my ETF sell screen Friday. This does NOT mean sell a bunch of PM stuff. When something launches into a strong bull run it can stay “overbought” (part of what the signal is based on) for a while. Notice in the attached chart, if you sold on the last signal, you […]
An all market sell signal hit right at the close. That means a major index ETF (SPY, DIA, QQQ, etc.) will drop at least 1% within a day or two. Plenty of time to buy SPXS or whatever in the after hours market, or Monday if we open up a bit or flat. VIX-P also […]
SMH on my ETF sell screen. This one tends to work better than most. SOXS is a reasonable play here and now. Bought some at 18.30 Short term, and don’t get carried away, but an odds-on bet with low risk if a stop is placed.
GDX has tagged it 20 DMA at 40.00. Great place to add to existing positions. I am already super heavy, so will stop this one out on a break below. Don’t buy too much here so your stop does not need to be too tight.
GDX is right at its rising 50 DMA. Gives a great chance to buy with a tight stop in case this turns into a coming deep DCL. Hold overnight if you get some room by the close, or if you have been wanting to increase your miners position. I bought NUGT at 46.40
