Warning: Following my trades may be hazardous to your financial health. See Disclaimer.

Tuesday, May 15, 2012

Sell Signal Is Getting Stronger

The good old trustworthy $BPCOMPQ intensified its sell signal after some flickering in the beginning of May.

At the same time, Moosistory.com had switched back to long bonds after the first week in May, after being whipsawed in going from long bonds to IWM to SPY in the past 3-4 months.

Buydonthold.com also flashed a new sell signal today -- also after switching from neutral to buy to neutral in the month of May alone!

It surely is a difficult market.  Nothing is easy.  We're supposed to be shorting as we approach a major support - risking an imminent bounce...

No comments:

Post a Comment