The relatively mild late afternoon weakness was quite bearish, even though CO and OC were both positive. That resulted in x3 for the daily signal. That signal has happened only one time in the past 190 trade days. The Octal logic goes from x0 to x7 but x3 and x4 are quite rare. The previous… Continue reading 1/29/21 Current Signals x30/x3
Day: January 28, 2021
1/28/21 Afternoon Signals xHL/x7
I've been looking at broad based ETFs in groups of five. IWM is the Golden Child obviously because of CC performance, but also because of OC. It went through a sizable period of OC underperformance that ended in the 3rd quarter. xHL looks like a good place lately. If the market gets weak into the… Continue reading 1/28/21 Afternoon Signals xHL/x7
1/28/21 Current Signals xLH/x0 – GME and XRT
Have to confess, I went long yesterday at the close. With the introduction of the sefirot, x0F and x0C have been merged into xLH. xLH can either drop to the lower cycle with x00 or x30 or stay in the middle cycle with xHL (or xMM if not x0F or x0C previously). x0 as a… Continue reading 1/28/21 Current Signals xLH/x0 – GME and XRT