(2/6/14)
The next two trading days should tell us if the move down from
1851 is evolving into a larger 5 Wave correction. If we are seeing
Wave 3 of 5 then the S&P 500 shouldn't rally above the 78.6% Retrace from
1800 to 1738 which is at 1786 for Wave ii of 3. Meanwhile if the
S&P 500 rallies above 1786 then we have to assume that the move down from
1851 was just a sharp "ABC correction. Friday'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
Friday'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 |
Thursday's |
Buy/Short
Signal |
Entry |
Initial
Stop |
Trailing
Stop |
1st
Target |
2nd
Target |
3rd |
Target |
|
Signals |
Date |
Price |
Price |
Price |
Price |
Price |
Price |
SPY |
|
|
|
|
|
|
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Amateur Investors
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