Had buy signals yesterday across the board for today’s open. So the Dow closes down a 100 points, the Nasdaq down nearly 40, the SPX nearly 10, but all that I trade on these signals, XIV and TQQQ, and all that I watch, TNA and UPRO, were up from their respective opens. The signals are all profitable, at least on the close.
XIV up 2.3% from the open. TQQQ up .93%.
They will all be sells on the open tomorrow so I’d like to see a gap up to completely negate today’s gap down and put everything in cash for the weekend.
SWING TRADING SIGNALS:
LONG-TERM BREADTH: Sell (Day 18).
PRICE: Sell. (Day 1).
SHORT-TERM BREADTH: Sell. (Day 1).
VOLATILITY: Sell, (Day 1).
SPY CLOSE – 258.17
QQQ CLOSE – 175.88
CNN MONEY’S FEAR AND GREED INDEX: (54, falling, neutral level).
NIFTY-50 STOCK LIST: 16 Buys; 7 Overbought, 9 Oversold, 1 new buys today, 9 new sells.