It is time to switch back to a BOT Long Signal right now at 1315 on the sp500. This market is too weak on the downside. The Dollar keeps dropping with no bottom in sight and the equity markets are feeding off of it like a kid on a sugar kick. This has been going … Read more
Today I have to initiate the BOT long signal again on the sp500. The market has spoken and appears to be in absolutely no mood for more bearish price action at this time. Currently the sp500 is trading slightly above its ‘mini bear’ down trend line and as long as price holds above this line … Read more
The sp500 did not waste any time getting up and through 1303 today so far. How we close today is still an open question but the strength is undeniable. This market continues to trade with unstoppable confidence. It is tempting to short these types of markets but it is not advised. BestOnlineTrades since September 2010 … Read more
I am switching to a BOT long signal this AM at 1298 on the sp500. It appears we are about to ascend through 1300 which is a key level for the market and which could provide as a catalyst for more upward momentum. I had written quite some time ago that sometimes during momentum markets … Read more
The Sp500 right now is at 1201 again and I am flipping back to a BOT long signal now as I indicated I would if we were to break and close above 1201 on the sp500. The Dow Transports are at a new 52 week high and other indices are pushing higher strongly now as … Read more
Today the sp500 showed a serious sign of strength and rejection of the 1170 level. I talked about this level in yesterday’s post as being important in terms of support and possible handle support of a very large cup and handle pattern. Today created a bullish triple P in the MACD histogram which would be … Read more
I am making a quick decision to switch back to a BOT long signal from 1206 in the sp500. I think we are going to tread higher from here again and my take is the market will take advantage of the recent oversold levels to press higher. The DJIA looks like it has done a … Read more
I am switching to a BOT Long Signal now on the sp500 at a level of 1194. It is still 2 hours before the close but this is looking like we are going to get a close above the recent range I alluded to yesterday. I also indicated that the most important indicator we need … Read more
The attempts at looking for weakness in the stock market are not working. I am switching back to Long signal as of the current price in the sp500 which is 1194 as I write. I expect the market to ‘drip’ higher into the end of October and then expect to see some selling in the … Read more
I just went through all of my previous postings back to mid August 2010 time frame and wanted to see if I can label the sp500 correction with BOT short, BOT long and BOT neutral signals based on what I was saying at the time in the postings. I did not want to go back … Read more