Taking a look at world markets this morning, and I can't find a down tick anywhere!. Every equity market in the world is up this morning, in Europe and in Asia, South America and North America. Even the Bond market is up...(good call, Bill), and Gold was up until about 10 minutes ago. Dollar is down a tiny bit and Oil is down a couple of ticks. Looks like somebody forgot to tell these markets about correlations and stuff like that.
We are pleased with Our current Momentum Change signal for the SPX... it is currently another winner this year. But we don't want anyone to get too far away from their computer and access to this site....This signal will turn at some point.. after all, momentum changes on a regular basis. And we are monitoring a series of negative divergences.. in the NYSE 10 Day A/D, the percent of stocks above 50 day and 200 day moving average, the RSI, Put/Call ratio, Parker Sentiment, and Stocs are overbought on all time frame. The HSKAX closed last night at 15.01, its previous low. A tick lower will trigger another concern regarding an eminent decline.
We have no doubt that our Proprietary Momentum Change Indicators will recognize the change when it occurs.... and we think the next change in Momentum will be very important to act upon.
Best to your trading!
Bill
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