I have to make this quick tonight as I have a flight to catch tomorrow morning.
We did not get a seven sentinels buy signals today. But it was about as close as it could get without actually triggering one.
I am not concerned. Although I would have like to see BPCOMPQ show a little bit of upward movement.
Here's the charts:
All four are on a buy here.
TRIN and TRINQ are also on buys, but as you can see BPCOMPQ was close, but the signal did not quite cross over the lower bollinger band. Or should I say the bollinger band didn't dip low enough to force a signal? Either way, it shows how odd this market is, when we can have the kind of strength we saw today and not see much reaction from BPCOMPQ.
Still bullish here.
So while we didn't quite get that 7th signal, I feel we are close enough to call it a buy. We could give some back tomorrow, but we certainly seem to have reinitiated the upward bias in this market.
For months now this market has not made entry and exits easy when signals are given. I don't know when that aspect of the market is going to change, but I think we can expect a volatile market for some time yet.
I will not be blogging tomorrow as I'll be attending my Brother's wedding on Saturday in the Tarrytown, NY area. I hope to blog Sunday when I get back. Good luck all.
We did not get a seven sentinels buy signals today. But it was about as close as it could get without actually triggering one.
I am not concerned. Although I would have like to see BPCOMPQ show a little bit of upward movement.
Here's the charts:
All four are on a buy here.
TRIN and TRINQ are also on buys, but as you can see BPCOMPQ was close, but the signal did not quite cross over the lower bollinger band. Or should I say the bollinger band didn't dip low enough to force a signal? Either way, it shows how odd this market is, when we can have the kind of strength we saw today and not see much reaction from BPCOMPQ.
Still bullish here.
So while we didn't quite get that 7th signal, I feel we are close enough to call it a buy. We could give some back tomorrow, but we certainly seem to have reinitiated the upward bias in this market.
For months now this market has not made entry and exits easy when signals are given. I don't know when that aspect of the market is going to change, but I think we can expect a volatile market for some time yet.
I will not be blogging tomorrow as I'll be attending my Brother's wedding on Saturday in the Tarrytown, NY area. I hope to blog Sunday when I get back. Good luck all.
