Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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From: Keith Feral	8/30/2012 12:05:02 PM
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Trading cash for yield on the dip this morning. Market backed up to April close at 12,986. Seems like a reasonable place to get long. DOW yield is much higher this August than it was back in April. Bonds shrugging off the buying frenzy this morning as the dollar turned higher. Only thing not dragging enough is oil and gasoline prices. That might not happen for a couple more weeks towards the end of September. Spain is screwing around with bailout request, waiting to see the conditions. Everyone focused on Jackson Hole, which may or may not produce much of anything. ECB meeting next week could be a bigger catalyst for an equity rally. Using DeMark sequential count, DOW is now sitting at a 7-0 down count. 8 or 9-0 buy counts usually set up new buy signals. We haven't had one of those since May!

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