New Trading Signals

Equity Markets have turned Bearish, with new Sell signals since 7/15 in the SPY, IWM and the Transports. I addition, the DIA and the Q's are very close to flipping back to the Sell side.
The XLF and the FXE remain on the Sell signal, as is the SSEC.

The TLT, the UUP and the SLV remain on Buy Signals.

Gold is still on a Sell Signal, however Stop Loss orders would have taken most out of the position and if is making new highs.  I still expect to see a pull back in GLD this Summer.  Perhaps the better ETF in the precious metals may be the SLV.

If the markets remain as soft as they are this morning, then the Q's and the DIA will flip also to a Sell signal.

Best To Your Trading!

New Signal for the TLT

Although a number of indexes are near a new signal, the only index to flip this afternoon has been the TLT, generating a new Buy Signal.  This intermediate bond fund has been very volatile in past 3 months.. but most holders are longer term, and these fluid momentum changes may not mean a lot to investors who are in for the longer term.

Please note the 3 Momentum Changes signals that are new this date  ( the XLF generated its new signal on Friday).

Bill

New Sell Signals

The FXE and gthe XLF have generated new Sell signals, as noted to the right.
 
Momentum is changing in most indexes, however, at this point not enough to generate a new signal. If the market closes this afternoon with the decline being currently shown, I suspect we will get several new Sell signals. 

I will be watching closely this afternoon, and if I see new Sell signals being generated, I will post that information prior to the close, around 3:45.

Best To Your Trading

Bill

It is Nearly Time to Harvest the Crop of Profits

After making the decision to only post a change in an index signal, I have been very anxious to identify a point where it would be prudent to harvest these profits.  It is very near that time.

There are continuing negative divergences in the shorter term time frames in nearly all the equity indexes I follow, however I have not gotten close to a new Momentum Change until the last 2 days.  This action today takes some of the pressure off, but the short term charts are flashing warning signs.

I am watching carefully for a point where Momentum is stalling, and we are nearing that point.

for those not on the email notificiation list, you will want to check in frequently and watch for a new Trading Alert.

Best To Your Trading!.

Bill