Outlook for Wednesday

(8/6/13)

Another confirmed Hindenburg Omen occurred today which is the second one since early June.   You can reread my analysis on prior HO events at  http://www.amateur-investor.net/AII_Weekend_AnalysisJune_8_13.htm  Keep in  mind these events are very rare.

This current HO event is acting very similar to what occurred in the Summer and Fall of 2007 when two HO Events triggered over a period of 3 months.   Notice in 2007 after selling off (points A to B) following the first HO Signal it did rebound and make a slightly higher high by October (points B to C).   Meanwhile the 2nd HO event in October signaled a significant top.

 

Wednesday's Buy Signals

 

Primary Secondary RSI Williams Fisher TRIN Volatility Money Money Put to VWAP Advance Signal
RSI Long RSI
Long
Max/Min %R Transform S&P 500 Bands Flow Flow/
TRIN
Call Ratio   Decline Strength
Signal Signal  Signal Signal  Signal Signal  Signal Signal  Signal Signal Signal Ratio  
No No No No No No No No No No No No

When 6 or more Signals are generated that is a Strong Buy Signal
When 3 to 5 Signals are generated that is a Moderate Buy Signal
When only 1 or 2 Signals are generated that is a Weak Buy Signal

 
Wednesday's Sell Signals
 
Advance Fisher ROC RSI VWAP Volatility Volatility TRIN Signal
Decline  Transform VWAP Max Percent Index Bands S&P 500 Strength
Ratio Signal Signal  Signal Signal Signal  Signal Signal   
No No No No No No No No  

When 5 or more Signals are generated that is a Strong Sell Signal
When 3 to 4 Signals are generated that is a Moderate Sell Signal
When only 1 or 2 Signals are generated that is a Weak Sell Signal

 

When a Buy or Short Signal is triggered numbers will be entered into the table below.
ETF Wednesday's Buy/Short Signal Entry Initial Stop Trailing Stop 1st Target 2nd Target 3rd 
Target
Signals Date Price Price Price Price Price Price
SPY

  

 

 

 

Amateur Investors