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Update on our short position in the VNQ (Vanguard REIT ETF)
We have been short VNQ from lower prices, but we have stayed short as we felt like the rally was suspect. The sector has shown short-term relative weakness to the general market. So far the ETF is now looking much more bearish. The first chart is the daily chart. As you can see we are…
The Wyckoff Wave Neutral, So Let’s Look For Further Pullback.
The Wyckoff Wave finished the week lower as called for on average volume. We was looking for a short term pullback which we got. With…
Wyckoff Wave Ready To Rally?
The Wyckoff Wave was down for the week. Volume decreased slightly again. The O-P was down for the week. The Force Index was down for…
Wyckoff Wave Ready To Turn Back Higher?
The Wyckoff Wave spent last week in correction mode. Volume was at very low levels once again. I was expecting a little more pullback before…
The Wyckoff Wave Possibly Still Slightly Lower, But Positive Action In General.
The Wyckoff Wave finished the week ever so slightly lower, on average volume. We would like to see a deeper correction to get our Technometer…