We purchased 200 TLT at $122.76, Stop at $121.76. Also selling short 500 GDX at $16.43, Stop at $17.03
We are expecting stocks to rollover here and bonds to work higher. We also like the sell in Precious metals here so we are going short the GDX. This last GDX rally has a short-term divergence with the FORCE Index and we think this market rolls over here.
Click Here For Wyckoff Wave Chart 06-27-11 Our last post ended with the Wyckoff Wave at point Y. The Wave was in an overbought position…
Click Here For Wyckoff Wave Chart 06-08-11 Let’s pick up our study of the Wyckoff Wave at point M. Click here to view and download…
Click Here For Wyckoff Wave Chart 05-25-12 Last week’s Market Letter spent time reviewing the Wyckoff Wave from a longer-term perspective. In doing that, it…
Monday, February 13, 2017 What To Do? Short Term Short-term bears should hold short positions and keep stops as previously directed. We added shorts this morning in our Model Stock and ETF Portfolios, as the gap opening to the upside gave us the overbought Technometer we was looking for. The Wyckoff Wave rallied intraday…
Click Here For Wyckoff Wave Chart 01-11-13 Wyckoff investors and traders can look at the stock market with two very different perspectives. The short-term Wyckoff…
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