Rollover once again…
Our Wyckoff Technometer is now back to overbought levels on the majority of the indices I monitor. We also have in place the divergence with…
Category: Market Opinion-Free
Continue to hold short positions…
Stocks have started Monday morning off with more pronounced selling. We are going to continue to hold shorts as we expect still lower prices.
We look for still lower prices even after this mornings panic selling…
Markets have finally turned down with a vengeance as we had been looking for. We look for still lower prices so stay short all positions.
We are going short at the opening…
When we covered our shorts in the SPY, VNQ, and XLE last Thursday we said we was looking for an oversold bounce for a few…
Relief rally off of oversold condition still in effect….
We had stated Thursday at the low that we thought we could have a few days of rally to relieve the oversold condition of the…
Intraday recap of today’s action…
As we began the day, we knew that short positions had to be monitored closely as Mr. O’Brien had stated in his Daily Pulse of…