Since I've been traveling all day today and not had any time to digest today's action, I'm just going to post the charts and quickly go over them. Here they are:
Still on buys for NAMO and NYMO.
NAHL and NYHL also remain on buys.
Same with TRIN and TRINQ.
BPCOMPQ remains on a sell.
So just like yesterday 6 of 7 signals are flashing buys, but BPCOMPQ keeps the system on a sell.
I am not surprised by the late week rally. It was expected, but now that OPEX and the GM IPO are out of the way, the real market should emerge Monday. Having said that, it's also a holiday week and I do not expect any major moves by the market. However, I am expecting a downward bias to resume. See you this weekend when I post the Tracker charts.
Still on buys for NAMO and NYMO.
NAHL and NYHL also remain on buys.
Same with TRIN and TRINQ.
BPCOMPQ remains on a sell.
So just like yesterday 6 of 7 signals are flashing buys, but BPCOMPQ keeps the system on a sell.
I am not surprised by the late week rally. It was expected, but now that OPEX and the GM IPO are out of the way, the real market should emerge Monday. Having said that, it's also a holiday week and I do not expect any major moves by the market. However, I am expecting a downward bias to resume. See you this weekend when I post the Tracker charts.
