Bummer! Big 10 lost all three bowl games. I wish my Momentum Change Indicators worked as well for Collage football as it does for the equity markets.
Our Proprietary Momentum Change indicators have generated a new Sell signal for the COMPQ and the Q's. Thursday, 12-30, the QQQQ Sell signal was triggered at 54.60, with our recommendation of short of the ETF. For those inclined to trade the levered ETF's. the QID also generated a complementary signal, a Buy signal at 11.55 also on Thursday, 12/30.
We have all noted that the NASDAQ has led the rally since 9/1, with out an interruption. Now, with the change in momentum in this group, we will be watching carefully for a change in momentum in the other equity indexes. The Market may well open for trading in the new year with an over due correction of the 4 month rally. With the new Buy signal last week in the TLT, maybe the market is signaling a new preference for the "Risk Off" trade.
If we get new Momentum Change signals Monday, will will post them as they occur.
Best to Your Trading!
Have a Happy and Profitable New Year.
Bill
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