Archive

Posts Tagged ‘Tags: AAPL’

WALL STREET CRAPS STOCK MARKET STRATEGY FEBRUARY 20, 2021

February 21st, 2021 Comments off
craps front cover

The stock market has been hovering near its all-time highs for all of this week. Friday’s action saw a strong advance/decline line and Dow Jones Transportation Index which suggests that there is still strength in the general stock market. At the same time, many stocks appear to have run out of gas and a decline into the end of February looks like a strong possibility. With the recent oversold readings in the McClellan Oscillators, a short term rally could easy materialize during next week.

Key underlying short-term timing indicators show the following:

***********

NYSE McClellan Summation Index: This key trend indicator is starting to turn down after the most recent rally. With a cluster and turn down, the next thing that this indicator typically does is start to separate to the downside with greater losses ahead. We shall see in this difficult market to read.

WALL STREET CRAPS STOCK MARKET STRATEGY SEPTEMBER 7, 2020

September 6th, 2020 Comments off

craps front coverSTOCK MARKET STRATEGY FOR SEPTEMBER 7, 2020: The stock market had a fresh break to the downside this past week. Could this be the long-awaited correction that will take us into October? Or will this simply be a “dip” to buy for another rally to new all-time highs. The NYSE McClellan Summation Index reading tells us to be very careful here – things can change quickly in this environment.

Key underlying short-term timing indicators show the following:

***********

NYSE McClellan Summation Index: This key trend indicator remains below its 15-day moving average with a chance of expanding to the downside. Because of this indicator, a trader/swing trader should be very careful about waging too much capital on a long-side bet.