BOT Short Signal – Best Online Trades

A Black Thanksgiving for the Stock Market BOT Short Signal 1215

February 7, 2012November 18, 2011 by Tom

The tape action on the sp500 is not looking so great lately. We are coming into the end of the month of November and so the price action over the course of the next 8 trading days will be very important determinant of the longer term trend of the sp500. The reason why is because … Read more

BOT Short Into the End Cycle date of October 28th 2011

February 7, 2012October 26, 2011 by Tom

I have to try a BOT short signal at this juncture. Why? The reason why is that in 2 days, October 28th, 2011, we find ourselves at the date of the end of the Mayan calendar. This is/was a 16 billion year calendar that supposedly started when life first began on earth. So here we … Read more

BOT Short at 1212

February 7, 2012October 19, 2011 by Tom

I have to go with the BOT Short signal now in the sp500. The sp500 needs to get and stay above 1230 for me to say the bulls are ‘out of the woods’. We could still be in a minor correction under that range and then bust above it later, but for now I have … Read more

Back to BOT short Again 1140

February 7, 2012September 29, 2011 by Tom

The market continues to play head games with the news and continues to swing around in both directions. We are still clinging onto support, but I have to go with the short side of the market now, especially if we close weak today. The market keeps bouncing up and down and changes bullish scenarios to … Read more

Back to BOT Short Signal at 1191 sp500

February 7, 2012September 19, 2011 by Tom

I have to switch back to a BOT short signal today. I see a triple M pattern on the MACD histogram and a similar pattern to that which existed before I issued the massive BOT short signal way back in late July 2011. The MACD histogram sell signal is not confirmed yet however. I am … Read more

Preliminary BOT Short Signal at 1341

February 7, 2012July 25, 2011 by Tom

I am activating a preliminary BOT Short signal at 1342 on the premise that possibly the market will not be able to exceed the July 7, 2011 swing high. If it does obviously this signal will be wrong. I am using the verbage ‘preliminary’ simply to indicate that I am getting ready for the real … Read more

Back to BOT Short at 1302

February 7, 2012July 18, 2011 by Tom

Ok back to BOT Short at 1302. The sp500 cannot hold 1313 and the tape is once again weak. The bears have the tape for now. I have to revert back to a previous post that referenced the monthly trend which does indeed look quite bearish. This small head and shoulders bottom was a non … Read more

Back to BOT Short at 1308 on sp500

February 7, 2012July 14, 2011 by Tom

Ok we broke below 1313 and seem to be drifting down now invalidating the head and shoulder bottom. Back to BOT short at 1308. The risk is that we do not have the daily close. But for now this looks like we are not going to hold… BOT Short it is…

Switching to BOT Short at the AM on the sp500 Open

February 7, 2012July 13, 2011 by Tom

I am switching back to BOT short signal on the sp500 right now in the afterhours or from the open tomorrow. The tape looks too weak and I am making the conclusion now that the 5 to 7 day super mega rally we had a couple weeks ago was a massive bear market rally. I … Read more

Bullish Hammer Failed Yesterday BOT Short Signal Still Intact

February 7, 2012June 24, 2011 by Tom

This is really a weak tape again today.. the bullish hammer of yesterday was a fluke and no follow through today. The tape looks weak to me and 1250 now looks like it will be busted eventually possibly into July 2011.

This is bearish for the overall market for the longer term. Unless by some miracle the market can stage an end of day rally to close flat today, this is setting up for much more down in the weeks ahead.

I continue to remain on the BOT Short signal for the sp500 despite my cheerleading yesterday about the big hammer reversal. Remember, regardless of what I express in these postings, if I am on a BOT Short signal, then that is my preferred bias and committed signal REGARDLESS of what I am venting about in my postings in between.

The US Dollar continues to show strength and may catch a longer term bid. The administrations actions yesterday to try to pump the market with the crude oil release may now be seen as a total act of desperation as they see signs the economy wants to contract again..