You could be right about the next 30 days, but timing is everything, isn't it? My timer(s) say the market will go up into end of July/August, and then the bottom will fall out.
You are right. Looking at slow stochastics (5,3), all of the indexes are poised for a MOON shot. Should be good for a few weeks of upside.
One of my timers is comparing year 2015 to year 2000. Maybe three or four weeks of upside left, then a big drop. Not a good time to be 100% long and leveraged, imo.
I forgot to add, although Bob Brinker expects a 10 - 15% pullback, he is still on a BUY signal. He says to average down IF it happens.
I manage my timers, lol. Because there is so much uncertainty, I have about 65% cash and 35% in a leveraged fund SPXL.
This is a tough market right now. I just got a note from my timer saying to go long; however, he is only 50% long, the rest in cash. Keep some powder dry. Another timer, Bob Brinker, says to expect a 10 - 15% pullback this year.
It was a good guess. Just like all the market timers I follow, lol.
I agree with your indicators, plus RUT is approaching a daily relative strength of 70. In the past four months, that has signalled a top. Based on Timer Digest and other timers, the direction is not clear. If I follow Tom McClellan and go long at Thursday's close, I will not bet the farm, keep plenty of powder dry.
Hi robbieJR, you are not very bright, are you. That is the reason you respond to a post that is 7 weeks old, low IQ. I get it. Now you go on IGNORE.
My timer is comparing the 2015 stock market to the 2000 stock market. That said, I get daily reports and he will go 100% bullish this Thursday, but expect trouble in late July/August.
My timer says the high for the year is one or two months away. Good move.
My timer is expecting a downward bias until June 25. Personally, if you look at daily slow stochastics (5,3), I could make an easy case for a sell-off on Tuesday and Wednesday.