The Wyckoff Wave Rebounded As Called For

The Wyckoff Wave rebounded this week as we had expected.  Volume was lower for the holiday period.
The O-P also rallied for the week.
The Force Index rallied for the week as well.

The Technometer is trading above neutral.

The OP rallied in lockstep with the Wyckoff Wave this past week.  No divergences to report.

 
We was looking for a short term low when the week began.  We was looking for those stocks that were outperforming the Wave to the upside.
For our ProTraders we purchased Boeing (BA), Union Pacific (UNP), and Square (SQ).  We also did a video update after what we felt like was the low being made for the week.  You can watch that here, if you have not already.  https://youtu.be/k27s78vIDp0
The stock market then spent the rest of the holiday shortened week, rallying off of oversold levels.   We have now returned the Technometer to a reading of 47, so we would expect this short term rally to take a breather early next week.
Because of the risk in the markets, and what could be just a normal corrective rally, we will probably take the short term profits we have, if the Technometer does register closer to overbought sometime next week.
We then will monitor the situation closely for our next trade setup.

 
The Wyckoff Wave Growth Index (WWG), rallied as well with the Wyckoff Wave.  We could be bumping our head against the previous support levels that we broke two weeks ago, so we want to watch closely next week.

 
The bond market traded sideways for the week.
We was expecting the TLT to trade lower, with stocks trying to rally.  But this market held up extremely well an the Technometer came close to oversold on the small reaction.
This market looks like it wants to still work higher.  Especially if stocks turn down again soon.

 
The following chart of Boeing (BA), shows the rally we was expecting last week.  We thought it would be a successful test of the previous spring.  The Technometer is now quickly back to overbought, so this stock could take a rest as well here to relieve the overbought condition.

 
The software has been very successful with trades for Square (SQ).  You can see that on the following chart.   We are long from just above $51.

 
Union Pacific (UNP) has been in long term uptrend and had a spring.  We are long this one as well.

IMPORTANT ANNOUNCEMENT:  Our “Pulse of The Market” charting software for Cryptocurrrencies is now working.  This software has consolidated volume for the Crypto’s which is utmost important when applying Wyckoff Technical Analysis.   We are showing this software in use on our social media sites.
Due to the demand for Bitcoin/Cryptocurrency information and trading knowledge, we released a Cryptocurrency and Wyckoff Trading Course at our site, LearnCrypto.io   This course is being offered at an affordable $299.99.  We have had 947 students enroll since its launch on June 22, 2017.   On June 28th we added lessons detailing the OP, Force, and Technometer and how to use these Wyckoff Tools for analysis.
If you are interested in Wyckoff stock chart analysis as well as Crptocurrency, search “Learn Crypto / Wyckoff SMI” or click this link https://www.youtube.com/channel/UCDxK2PwEDvoaHZgjPV_WgcA
Please subscribe and click the bell to be notified of our upcoming broadcasts.  
Our current schedule is Monday-Thursday approximately 6:30 p.m. CST, and they usually last approximately one hour.  We will also broadcast at additional random times since we want to satisfy our international subscribers as well.  
If you would also like to follow us on twitter for news and trade ideas, follow “LearnCryptoShow”, or “WyckoffonCrypto”.   We have given numerous profitable trades to our subscribers on the Youtube channel, as well as Twitter.  
Good Trading,

Todd Butterfield