buffalobull
New member
Great, thanks Uptrend! Any target entries you're eyeing on the stock list or waiting for indicators to bottom further such as RSI?
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Uptrend's Account Talk
- Thread starter Uptrend
- Start date
jkenjohnson
Active member
It just went negative.
jkenjohnson
Active member
Just went back to positive.
Lakebound
Member
Uptrend
Well-known member
Despite the markets recent movements, I have no buy signal yet on my Uptrend non-stop model for the TSP funds, so hanging around in F which may not be the safest place to be either. I am out of gold and silver stocks for now as there may be fireworks with whatever the FED says today. Bought some FCX (the copper play) today as it is very oversold and trying to create a higher low. Eying HPQ. Pruning my airline stocks and waiting for oil to make a low near $39 so I can back up the truck. Wish everyone well, and safe trading out there.
Uptrend
Well-known member
I have a buy signal today on my non-top model for C and S. As always, there is a higher risk of failure in the next 3 trading days, and then it declines significantly, if upward progress is made in that timeframe. Because Janet Yellen is a dove, the rate hike has been delayed, and because inflation is not happening, the US dollar should unwind to a degree after this bounce today. I think a weaker dollar in the coming days will propel the market higher, including oil. Not sure if we saw the low in oil yesterday, but that may have been it.
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