Hitting the Exits

Not even the best non-farm payroll number in four years could soothe raw nerves as the major indexes posted another high volume loss; the fourth in a row. Although non-farm payrolls were above expectations, the Unemployment Rate rose from 9.7% to 9.9%, a bit higher than expected.

It appears the Euro debt contagion continues to be the thorn in the side of the market, and that has nothing to do with fat fingers.

Of interest today, I noted that treasuries and the 10 year note gave back some of their gains from this week in spite of the continued selling pressure in equities. Here's today's charts:



You have to go back to October 2008 for lower readings. Both are on a sell.



A bit of a bounce here. Monday gains in store? I wouldn't bet on it. Still on sells here too.



TRIN and TRINQ are also flashing sells.



BPCOMPQ dipped some more. Another sell.

All signals are flashing sells, which of course keeps the system on a sell. We've had significant technical damage in a very short period of time, and the story offered by various sources about fat fingers causing Thursday's severe sell-off was apparently returned to the sender on Friday with a finger too. :nuts:

I'll be posting Top 15 and Top 50 charts this weekend. See you then.

 

[Boghie]

Party over, oops outa time...

My mojo is shot through this year. The only positive is that the 'C Fund' is moving south faster than I. My goal in TSP investing is to beat the 2030 and the 'C Fund'. Otherwise, why the sturm and drang.

Now, I gotta catch Amoeba on the upswing.

 

[Boghie]

Now, now, folks...

One of us has to own up to being the narrator of this:

All Right, All Right - we're in BEAR territory!!!
Look at Apple Computer...
CANCEL ALL ORDERS.
CANCEL ALL ORDERS."​

Own up guys and gals

Which of you is the narrator of 'Stock Market Funding"

Too funny...

Sorry CH about the blog hijack - just had to get this out and I needed a popular location. Yuk, yuk.

 

[Cruzen]

Boghie, I think that person should also narrate soccer.
Question, at what point does the SS single to buy

 

[coolhand]

Boghie, I think that person should also narrate soccer.
Question, at what point does the SS single to buy

Hello Cruzen,

All signals must flip back to a buy before the system will issue a buy. But they have to do it simultaneously. I need a 7 of 7 buy status.

Right now all signals are on a sell, so we appear to be a long way off to another buy signal.