Saturday, August 18, 2018

TOS Buy/Sell scan results for week of 8/17/2018 and the new picks for the coming week

These are ThinkOrSwim scans of my 80 ETF markets with some of the typical trading strategies available in the Think or Swim scanner, these are NOT recommendations to buy or sell, simply weekly testing of these various strategies to prove they are complete BS or, some times, actually work. The signal day, of course, is based on probably the worst day of the week, Friday, but I use that to give me time on the weekend to update.
The daily signals are best for the one week of results while the Weekly signals should probably be considered longer term swing trades, I, MAY, do like a monthly or quarterly update to see how they did on the longer term time frames.
Multiple signals in one direction, "CAN" (that's a disclaimer), be a sign of a change in direction in certain markets or sectors. The systems I show are the only ones that tested out positive over the last 20 years on the SPY.
The "TTM SQUEEZE" is just for information purposes as it's not a signal, it merely alerts you to the possibility of a big move coming, either higher or lower.
The 80 ETF's are based strictly on "Liquidity" (highest volume), there are no leveraged funds with the exception of XIV and VXX, there are no inverse funds, and I try not to double up on similar funds or asset classes, although most of the "major" indexes are basically the same. There are seven markets that average less than 100K shares a day, five are Country ETF's which I include for obvious reasons, EIS as it would signal a new war in the middle east first, EIRL, IDX, EWK, EPU, one currency, FXF, which is the Swiss Franc, and GCC is a commodity fund.


NOTES:
So, the 10 daily LONG signals last week produced a 38.83% win rate while the 127 short signals produced a 61.80% win rate, the 18 long signals on the weekly came in at 30.57% while the 65 weekly sells came in at 57.22%, one of those rare weeks where an over whelming number of signals, in this case on the SELL side, proved to be correct, as the sell percentages did twice as well as the relatively few number of buy signals ....

This week we have 64 new LONG signals on the daily vs 14 new SELL signals, and 14 new weekly buy signals vs 33 new sell signals. The signals reversed from last week where the majority was on the sell side, this week we are not totally one sided as we have a BIG number of buys on the daily charts but a LOT of sells on the weekly.
Please see the Investor.com signals toward the bottom.


So the "systems" just HATE the dollar on the daily time frame, which has large implications as if the dollar falls it will be good for EEM's, gold and sliver and other comodities like oil, on the far right chart we don't have a sell yet in the PPS and Scalper like we did in the red circle a month ago, the Squeeze indicator just turned dark blue with is not good and the MACD is on the dark green down slope, the STOCH on the center chart is right on the verge of a classic sell signal, as are the RSI 5, Universal Oso and the Relative Volatility.


It hates the XLI as well on the daily chart, which is the TRUE "industrial" index, as the DOW is nothing more than a stinking bunch of crooked Wall Street banks, the signals on the systems are almost the complete opposite as we have buys on the two systems on the right chart, the MACD is on the verge of a new buy, in the middle the ROC just triggered, as did the STOCH, the Universal OSC is about to trigger, the negative is the left chart which is a 13 ROC as it just triggered a new cross over sell. 

A, LOT, of new "possible" option SELLING opportunities down in the "MORE NOTES" toward the bottom ............

Daily signals last week:

PPS BUY SIGNAL: winners
PPS SELL SIGNAL: 46% winners
MACD Histogram buy signal: winners
4 Hour MACD buy signal: 0winners
MACD Histogram sell signal: 60winners
4 Hour MACD sell signal: 80winners
RSI 5 80/50/20 LE: 0% winners
RSI 5 80/50/20 SE: 40% winners
Positive ROC(13) Cross: 100% winners
Negative ROC(13) Cross: 80% winners
8 SMA closed above 21 SMA:
8 SMA closed below 21 SMA: 92% winners
HULL MA(21) changed to green: % winners
HULL MA(21) changed to RED: 50% winners
UNIVERSAL OSC LE (13): 33% winners
UNIVERSAL OSC SE: 0% winners
BULLISH ENGULFING: 100% winners
BEARISH ENGULFING: 100% winners

The multiple buy signals were: 0% winners
The multiple sell signals were: 70% winners

Here's the new DAILY signals for this week:

PPS buy signal for Monday: /ES, DBA, EIRL, EPI, EWC, FXE, MDY, OEF, RSP, SPY, VTI, XLF
PPS sell signal for Monday: UUP, VXX

Positive MACD Histogram Cross: DBA, EWA, IWM, MDY, XLP, XLV
       "     4 HOUR MACD Cross: EWC, FXE, IWD, IWM, MDY, TUR
                                               
Negative MACD Histogram Cross:
        "     4 Hour MACD Cross: UUP

(SETTINGS: LENGTH: 5 AVERAGE TYPE: SIMPLE)
RSI CROSSED ABOVE 20 LE: /GC, AAXJ, EEM, EPHE, EUFN, EWD, EWG, EWH, EWK, EWL, EWM, EWN, EWO, EWP, EWQ, EWU, EZA, EZU, FXE, FXI, GLD, IDX, IGE, VEA, VGK, VWO, XME
RSI CROSSED BELOW 80 SE: UUP

Positive ROC (MOMENTUM)(13) Cross: EWA, XLF
Negative ROC(13) Cross: XBI, XHB, XLI

8 SMA CLOSED ABOVE 21 SMA:
8 SMA CLOSED BELOW 21 SMA: EPHE, EWM, THD, XLI

HULL MA(21) changed to green: /YM, DIA, EWA, IYT, MDY, RSP, VTI
HULL MA(21) changed to RED: XLY

UNIVERSAL OSC LE (13): /YM, DIA, IYT
UNIVERSAL OSC SE: UNG, XRT

BULLISH ENGULFING: /GC, EEM, EWH, EWL, EWN, EWP, EWU, EZA, FXI, RSX, VWO
BEARISH ENGULFING:


"TTM SQUEEZE" : EWC, JNK, VXX, XHB
1 hr "TTM SQUEEZE": EPU

Multiple buy signals: /GC, /YM, DIA, EEM, EWA, EWH, EWL, EWN, EWP, EWU, EZA, FXE, FXI, IYT, MDY, RSP, VTI, VWO
Multiple SELL signals: UUP, XLI


Weekly signals last week:

PPS BUY SIGNAL: 100% winners.
PPS SELL SIGNAL: 67% winners
MACD Histogram buy signal: 0% winners
MACD Histogram sell signal: 33% winners
RSI 5 80/50/20 LE: % winners
RSI 5 80/50/20 SE: 69% winners
Positive ROC: 29% winners % winners
Negative ROC(13) Cross:  67% winners
8 SMA CLOSED ABOVE 21 SMA: 100% winners
8 SMA CLOSED BELOW 21 SMA: 67% winners
HULL MA(21) changed to green: 14% winners
HULL MA(21) changed to RED: 20% winners
UNIVERSAL OSC LE (13): 0% winners
UNIVERSAL OSC SE: 57% winners
BULLISH ENGULFING: 0% winners
BEARISH ENGULFING: 66% winners

The multiple buy signals were: 0% winners
Multiple SELL signals were: 69% winners

Here's the new WEEKLY signals for this week:

PPS buy signal for Monday: KRE, MDY
PPS sell signal for Monday: /CL, EIDO, EWT, IDX, SMH, USO, VWO

Positive MACD Histogram Cross:
Negative MACD Histogram Cross: EIDO, IDX, ILF

(SETTINGS: LENGTH: 5  AVERAGE TYPE: SIMPLE)
RSI CROSSED ABOVE 20 LE: DBA, EWA, FXE, GCC
RSI CROSSED BELOW 80 SE: EPHE, EPI, EWM, EWT, IWF, JNK, THD, XLI

Positive ROC(13)(MOMENTUM) Cross: EWA, JNK, XLF
Negative ROC(13) Cross: EWT, FXF, SMH

8 SMA CLOSED ABOVE 21 SMA: BND
8 SMA CLOSED BELOW 21 SMA:

HULL MA(21) changed to green: UNG
HULL MA(21) changed to RED: ACWI, EIDO, EWC, EWK, IDX, USO

UNIVERSAL OSC LE (13): KRE, UNG
UNIVERSAL OSC SE: EEM, EWJ, EWK, EWN, EWO, EWQ, EZA, SMH, VGK, VWO

BULLISH ENGULFING: JNK
BEARISH ENGULFING: QQQ

"TTM SQUEEZE": EWC, XLE

Multiple buy signals: EWA, JNK, KRE, UNG
Multiple SELL signals: EIDO, EWK, EWT, IDX, SMH, VWO 

MORE NOTES:.

TECHNICAL RECOMENDATIONS FROM INVESTING.COM ON THE MULTIPLE DAILY AND WEEKLY SIGNALS



Last week, the 34 strong sells on the hourly multiple daily SELL signals had 18 winners, 53% win rate, while the hourly strong sell signals on the multiple weekly SELL signals yielded a 66% win rate, not bad at all.
The strong sells were actually right on the multiple daily BUYS as all three were lower, 100%, the 36 multiple daily sells had 15 right or 42%, the strong sells on that multiple weekly BUY signal were right, 100%, the strong sells on the multiple weekly sells lined up as it had a 70% win rate.

So this week we have STRONG BUY confirmations on the DAILY systems for /YM, DIA, EWA, IYT, MDY, RSP, and VTI, and not surprisingly it completely DISAGREES on the EEM's in the center of the chart, it's nuetral or a weak buy on the hourly but is on STRONG SELL's on the daily and weekly on EEM, EWH, EWN, EWP, EWU, EZA, FXE, and FXI.
It also completely disagrees with the daily SELLS, the hourly has a strong sell on the UUP hourly, but it's all STRONG BUY after that for the UUP and XLI.
The multiple weekly buys are in complete agreement with the systems, while on the weekly sells there is disagreement on the hourly, but COMPLETE agreement on the daily and weeklies.

John Carter at Simple Options, Sheridan Options, Option Alpha, Project Options, and others, recommend SELLING options into VOLATILE markets, using like Iron Condors, short strangles and straddles, short Flys, etc etc, so every week I will list the ETF's that have an IV PERCENTILE RANK above 50, that means they have Implied volatility in the upper 50% as compared to their typical IV.

IV PERCENTILE RANK ABOVE 50, listed from highest rank to lowest rank:
GDX, TUR, EZA, GLD, ILF, USO, EWH, UUP, FXE, EWZ, /GC, RSX, EWM

You, "MIGHT", consider selling OTM puts into RSI(WILDERS 13) over sold conditions, IE UNDER 20, in: ECH, EUFN, EWI, EWN, EWP on the daily chart, /GC, ECH, EPU, EUFN, EWI, EWS, EWU, GCC, GDX, GLD, OIH, SLV, TAN, and TUR on the weekly charts. CAUTION: Over sold can become, MORE, over sold ..................

You, "MIGHT", consider selling OTM calls into RSI(WILDERS 13) over bought conditions, IE OVER 80 on the daily charts: NONE
On the weekly charts: XLP


The $BPGDM RENKO took a huge drop this week, with only 17 of the 30 components on a Point and Figure buy signal. Even WORSE:


NONE of the 30 components were higher last week, and the best, BEST performer was RGLD which was "ONLY" down 5.73%, look at the red on that table, only PVG and PAAS have any green at all, and it only gets worse on the next page. 


The DIA outperformed the IYT this week, not good for the bulls, the IYT is STILL right on the verge of confirming a new short term DOW THEORY buy signal, as it needs new highs to confirm the new highs in the DIA the last week, not new ATH's, just recent highs, the yield curve turned slightly higher this week,  good for financials and the bulls, not enough to affect much.

DISCLAIMER NOTE: "COULD", "PROBABLY", "IF", "MAYBE", "EXPECTED", "MIGHT", "IDEA", "DARES", "LOCK", "TENDED" etc etc etc, are called "DISCLAIMERS", meaning I don't know what I'm doing and you would be well advised by your financial Adviser to completely IGNORE any thing I've said or posted here ............ please read the complete disclaimer down at the very bottom of the site ............

Friday, August 17, 2018

WEEKLY WRAP UP IN MY 84 MARKETS FOR 8/17/2018


Last week was short lived as the A/D's are back to leading the SP 505 to the upside. 

(click on image for larger view, I hope)
(NOTE: A cross of the 20/50 sma is NOT a trading "strategy", I merely use it for breath comparison purposes to provide continuity, this is the standard set up by StockCharts.com)

The majors remain the same this week, the TLT, $CRB, GLD, and VWO on sell signals, 20sma below 50sma. Surprisingly the IWM is only 15 cents away from a new sell signal. 


"The all important Bullish Percent indexes" also remained the same this week, with the $BPFINA, $BPINDY, $BPSPX, $BPHEAL and $BPSTAP on buy signals.


The sector XLB went to a buy signal this week by nine cents,while XLE joined the sell party with XHB and XME.


Only 32 of the 84 markets I keep track of were higher on the week, that's vs 18 last week, I really thought there would be a lot more. Three of our sectors were the leaders, XLP, IYR and XLU, and a little ominious as they are all kind of defensive sectors. XLV, XLI, IYT, XLF all made the leader board, our best major made the first page, the DIA was up 1.27%, followed by the SPY at .67%, the risk off IWM was in third at .49%, while the REALLY risky NasDOGS brought up the rear, QQQ DOWN .37% on the week.

There were nine 20 day highs Friday vs 3 last week, XLP, IYR, XLU, EIS, EWA, XLV, IYT, DIA, RSP, all accept EIS and EWA belonging to OUR markets. The three Turtles last week had a win rate of 66%, only UUP was down, eeeerrrrr, that can't be right ...............

The were six 20 day lows Friday vs 24 last week, EPU, EWW, EWZ, GCC, ILF, SMH, that last one was a shocker. The short Turtles actually did pretty damn good as 17 of the 24 were lower on the week, a 71% win rate. 


Erdogan is probably very thankful his markets are closed next week, he actually didn't do that bad this week, TUR "only" down .79%, but, HEY, he did better than 35 other markets. GDX was the huge loser this week, down 8.95%, which is REALLY strange when I look at that lower dollar, it was the winner on Friday, up 3.08%, so it was looking at 12% before Friday, same with oil and oil related things, with OIH, TAN, XME, XLE, SLV, USO and GLD all on the first page, along with that weird one, SMH, in the 13th spot. 


Here's the big winners in the SP 505 this week, 337 of the 505 were higher on the week, NLSN was the huge winner because after getting horrible ratings for their actual earnings they popped because an activist investor suggested they sell themselves. But for get that, the BIG winner was Wally World, which popped 10 fricking percent because their on line business had a 40% increase. Now, I'm undoubtedly wrong in my thinking here, but when they sell some thing online isn't that just some body who had to go to he store before in order to buy the item????? Their sales did gain 3.8%, but that's kind of typical isn't it?


Here's the losers, two of my fav's are on the list for OBVIOUS reasons, NEM because of falling gold and FCX because of falling copper, which fell into a bear market, copper that is, FCX has some support where it closed this week, then it's $12, with $10 after that.

Saturday, August 11, 2018

TOS Buy/Sell scan results for week of 8/10/2018 and the new picks for the coming week

These are ThinkOrSwim scans of my 80 ETF markets with some of the typical trading strategies available in the Think or Swim scanner, these are NOT recommendations to buy or sell, simply weekly testing of these various strategies to prove they are complete BS or, some times, actually work. The signal day, of course, is based on probably the worst day of the week, Friday, but I use that to give me time on the weekend to update.
The daily signals are best for the one week of results while the Weekly signals should probably be considered longer term swing trades, I, MAY, do like a monthly or quarterly update to see how they did on the longer term time frames.
Multiple signals in one direction, "CAN" (that's a disclaimer), be a sign of a change in direction in certain markets or sectors. The systems I show are the only ones that tested out positive over the last 20 years on the SPY.
The "TTM SQUEEZE" is just for information purposes as it's not a signal, it merely alerts you to the possibility of a big move coming, either higher or lower.
The 80 ETF's are based strictly on "Liquidity" (highest volume), there are no leveraged funds with the exception of XIV and VXX, there are no inverse funds, and I try not to double up on similar funds or asset classes, although most of the "major" indexes are basically the same. There are seven markets that average less than 100K shares a day, five are Country ETF's which I include for obvious reasons, EIS as it would signal a new war in the middle east first, EIRL, IDX, EWK, EPU, one currency, FXF, which is the Swiss Franc, and GCC is a commodity fund.


NOTES:
So, the 53 daily LONG signals last week produced a 21.56% win rate while the 48 short signals produced a 57.63% win rate, the 39 long signals on the weekly came in at 18.25% while the 30 weekly sells came in at 65.13%, just a lousy week for the signals in general, for the second week in a row ....

This week we have 10 new LONG signals on the daily vs 127 new SELL signals, and 18 new weekly buy signals vs 65 new sell signals. These, of course, are ridiculous numbers and in the past have led to the opposite result, but if the Turkey thing turns into contagion then of course that miniscule number of buys will look like way to many.
Please see the Investor.com signals toward the bottom.


Daily signals last week:

PPS BUY SIGNAL: 33winners
PPS SELL SIGNAL: 100% winners
MACD Histogram buy signal: 17winners
4 Hour MACD buy signal: 50winners
MACD Histogram sell signal: 50winners
4 Hour MACD sell signal:
RSI 5 80/50/20 LE: 20% winners
RSI 5 80/50/20 SE: 
Positive ROC(13) Cross: 33% winners
Negative ROC(13) Cross: 20% winners
8 SMA closed above 21 SMA:
8 SMA closed below 21 SMA: 43% winners
HULL MA(21) changed to green: 0% winners
HULL MA(21) changed to RED: 83% winners
UNIVERSAL OSC LE (13): 14% winners
UNIVERSAL OSC SE: 90% winners
BULLISH ENGULFING: 0% winners
BEARISH ENGULFING: 0% winners

The multiple buy signals were: 27% winners
The multiple sell signals were: 75% winners

Here's the new DAILY signals for this week:

PPS buy signal for Monday: 
PPS sell signal for Monday: /ES, /YM, IYT, ACWI, AMLP, DBA, DIA, EGPT, EIDO, EIS, EPHE, EPI, EWA, EWH, EWL, EWM, EWS, EWT, IDX, IWD, IWF, IYT, JNK, MDY, OEF, QQQ, RSP, SMH, SPY, TAN, THD, VTI, XHB, XLB, XLF, XLI, XLK, XLV

Positive MACD Histogram Cross:
       "     4 HOUR MACD Cross: VXX, XLE
                                               
Negative MACD Histogram Cross: /ES, /YM, ACWI, DIA, EEM, EIS, EUFN, EWA, EWD, EWJ, EWL, EWT, EWU, FXF, IYR, RSP, TAN, VWO, XHB, XLB, XLI, XLU
        "     4 Hour MACD Cross: EGPT, FXF, GLD, MDY, TAN

(SETTINGS: LENGTH: 5 AVERAGE TYPE: SIMPLE)
RSI CROSSED ABOVE 20 LE: /CL, USO, VXX
RSI CROSSED BELOW 80 SE: /NQ, AAXJ, EIS, EWA, EWH, EWM, IWF, OEF, QQQ, SPY, VTI, XLB, XLK, XLV, XLY

Positive ROC (MOMENTUM)(13) Cross: IWM
Negative ROC(13) Cross: AAXJ, ACWI,, EBA, DBC, EEM, EUFN, EWA, EWC, EWD, EWH, EWZ, FXI, GCC, SLV, VEA, XLB, XLE, XLF, XLK

8 SMA CLOSED ABOVE 21 SMA:
8 SMA CLOSED BELOW 21 SMA: ECH, EEM, EUFN, EWA, EWJ, EWN, EWQ, EZA, GCC, OIH, VEA, VGK, VWO

HULL MA(21) changed to green:
HULL MA(21) changed to RED: /YM, ACWI, DIA, EPHE, EWA, EWS, EWW, JNK, OIH, XLB, XLP

UNIVERSAL OSC LE (13): AAXJ, SLV, THD
UNIVERSAL OSC SE: DBA, EWW, IYR, XLI, XLP 

BULLISH ENGULFING: DBA
BEARISH ENGULFING: /NQ


"TTM SQUEEZE" : /NQ, OIH, SLV, SMH
1 hr "TTM SQUEEZE":

Multiple buy signals: /CL, USO, VXX
Multiple SELL signals: /ES, /NQ,/YM, ACWI, DBA, DIA, EIS, EUFN, EWA, EWH, EWJ, EWL, EWM, EWS, EWT, EWW, GCC, IDX, IWD, IWF, IYR, JNK, MDY, OEF, QQQ, RSP, SMH, SPY, TAN, THD, VTI, XHB, XLB, XLF, XLI, XLK, XLV


Weekly signals last week:

PPS BUY SIGNAL: 0% winners.
PPS SELL SIGNAL: 100% winners
MACD Histogram buy signal: 0% winners
MACD Histogram sell signal: 50% winners
RSI 5 80/50/20 LE: 0% winners
RSI 5 80/50/20 SE: 
Positive ROC: 29% winners
Negative ROC(13) Cross:  100% winners
8 SMA CLOSED ABOVE 21 SMA:
8 SMA CLOSED BELOW 21 SMA: 50% winners
HULL MA(21) changed to green: 14% winners
HULL MA(21) changed to RED: 50% winners
UNIVERSAL OSC LE (13): 18% winners
UNIVERSAL OSC SE: 50% winners
BULLISH ENGULFING: 60% winners
BEARISH ENGULFING: 71% winners

The multiple buy signals were: 25% winners
Multiple SELL signals were: 50% winners

Here's the new WEEKLY signals for this week:

PPS buy signal for Monday: UNG
PPS sell signal for Monday: EEM, EWA, EWJ, EWK, EWN, EWO, EWW, EWZ, EZA, ILF, RSX, TNX, VEA

Positive MACD Histogram Cross: EIDO, IDX
Negative MACD Histogram Cross: EWZ, IWM, RSX

(SETTINGS: LENGTH: 5  AVERAGE TYPE: SIMPLE)
RSI CROSSED ABOVE 20 LE:
RSI CROSSED BELOW 80 SE: /NQ, ACWI, ECH, EWC, EWO, EWQ, EWW, EWZ, EZA, IDX, ILF, QQQ, RSP, SMH, TNX, XLB, XLK, XLP

Positive ROC(13)(MOMENTUM) Cross:
Negative ROC(13) Cross: ACWI, EPHE, EWC, EWL, IDX, IGE, KRE, RSX, TNX, USO, XLB, XLE, XLF

8 SMA CLOSED ABOVE 21 SMA: EWW
8 SMA CLOSED BELOW 21 SMA: ACWI, EIRL, XME

HULL MA(21) changed to green: ACWI, EIDO, EPHE, EWM, EWN, IDX, IYT
HULL MA(21) changed to RED: EWA, EWN, FXE, IWM, RSX

UNIVERSAL OSC LE (13): EEM, EIDO, EWJ, IDX, SMH, XLB
UNIVERSAL OSC SE: BND, EWA, EWP, EZU, RSX, USO, XLE

BULLISH ENGULFING: XBI
BEARISH ENGULFING: /YM, DBA, EIDO

"TTM SQUEEZE":

Multiple buy signals: EIDO
Multiple SELL signals: ACWI, EWA, EWN, EWO, EWW, EWZ, EZA, IDX, ILF, IWM, RSX, TNX, XLB, XLE, 

MORE NOTES:.

TECHNICAL RECOMENDATIONS FROM INVESTING.COM ON THE MULTIPLE DAILY AND WEEKLY SIGNALS



Last week, the DAILY three strong buys yielded 46% winners,  the three strong sells were 66%, XLI was down 16 cents, strong sells on just the daily and weekly columns yielded 100% winners. There was one three strong buys on the weekly which lost, the two strong buys on daily and weekly were losers, the three strong sells on the weekly sells were 33% winners.

So this week, for the most part, Investing.com agrees with the TOS systems on the daily charts on the HOURLY time frame, but it stops there, it has a lot of different opinions on the daily and weekly time frames. On the weekly charts it completely disagrees about EIDO on the buy side, but almost universally agrees about the weekly sells on all time frames.
The most obvious thing to me is the unbelieveable number of STRONG SELLS on the hourly time frame, this will obviously be taken care of by the FED Reserve Sunday night and Monday morning before the open, using the futures, crushing any one daring to try and short and go against their wishes.

John Carter at Simple Options, Sheridan Options, Option Alpha, Project Options, and others, recommend SELLING options into VOLATILE markets, using like Iron Condors, short strangles and straddles, short Flys, etc etc, so every week I will list the ETF's that have an IV PERCENTILE RANK above 50, that means they have Implied volatility in the upper 50% as compared to their typical IV.

IV PERCENTILE RANK ABOVE 50, listed from highest rank to lowest rank:
UUP, FXE, RSX, EWL, ILF

You, "MIGHT", consider selling OTM puts into RSI(WILDERS 13) over sold conditions, IE UNDER 20, in: NONE on the daily chart, none on the weekly charts.

You, "MIGHT", consider selling OTM calls into RSI(WILDERS 13) over bought conditions, IE OVER 80 on the daily charts: NONE
On the weekly charts: NONE


The $BPGDM RENKO looks exactly the same as last week. 


IYT out performed this week, again, good for the bulls, plus IYT is right on the verge of confirming a new short term DOW THEORY buy signal, as it makes new highs to confirm the new highs in the DIA the last week, not new ATH's, just recent highs, the yield curve flatterned this week, not good for financials and the bulls.

DISCLAIMER NOTE: "COULD", "PROBABLY", "IF", "MAYBE", "EXPECTED", "MIGHT", "IDEA", "DARES", "LOCK", "TENDED" etc etc etc, are called "DISCLAIMERS", meaning I don't know what I'm doing and you would be well advised by your financial Adviser to completely IGNORE any thing I've said or posted here ............ please read the complete disclaimer down at the very bottom of the site ............

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