List performance degraded last week, with the average gain dropping to +2.5% on an average holding period of 12 days. That includes open picks and those that triggered stops during the week. Remaining picks are shaky. I have tightened stops.
This table summarizes recent list performance.
Bulls won yesterday’s screen game with 22 buy signals and 16 sell signals. That compares with Wednesday’s 34 buys to 12 sells. We’ve had a couple days of 45 to 56 sell signals over the past 10 days, But that’s still well below the the thrust of the 155 buy signals that started the 6 month cycle up…
On the daily charts, anyway.
One day, it will break, and it will be all over.
For now, we look at shit like this and see patterns that would have been frighteningly bearish in the good old days when markets were markets, turn up.
The…
Withholding tax revenues exploded higher in April. Everybody knows the jobs number will be huge. The withholding data says not huge enough. But I’m not…
Bulls won yesterday’s screen game with 34 buy signals and 12 sell signals. That reverses Wednesday’s output. That score was 10 buys to 38 sells. We’ve had a couple days of 45 to 56 sell signals over the past 10 days, But that’s still well below the the thrust of the 155 buy signals that started the…
First, the 2 hour bars. I mean, what is this? Meatgrinder? Veg-o-matic? Slice and Dice? Shake and Bake? Swing Trader’s Nightmare? Day Trader’s Delight?
Bears took yesterday’s screen game with 38 sell signals and 10 buy signals. That reverses Monday’s output, It’s just a flesh wound.
Call it a pothole. Call it a mini flash crash. We’ve had a few of these lately, and yesterday’s was epic.
I call it, Dealers Shake the Trees. They’re low on inventory because of relentless customer buying. They needed to shake some loose before t…
If gold’s trading feels like an indecisive mess to you, it is because it is. Short term and intermediate cycles are all opposed to one…
They’ve been zigging and zagging, and shaking and shucking. The dealers are trying to shake the tree, I think, as the US Treasury continues to pour phenomenal amounts of money into the markets, on top of the Fed’s QE.
Meanwhile, they’re trying to…
