Buy and Sell Signals, and Other Market Perspectives Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

SPY 683.41

+0.2%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: cycleupcycledown who wrote (70272)	4/13/2015 1:51:59 PM
From: Hawkmoon	1 Recommendation Recommended By Mevis Read Replies (1) of 218306

I'm watching the weekly PSAR on the SPY very closely.. This will mark the 10th week in downtrend with 5 previous rejections (getting right up to it and then pulling back).. Today's action has yet to indicate that it will pierce the downtrend tick line and "flip" the PSAR into uptrend. Even if it flips, there "should" be a pull back, but at such point I would cover any shorts and either go neutral, or long.. I will add that the monthly uptrend PSAR is very shallow and not yet trending appreciably higher. Over the past 6 months it's only ascended from SPY 181 to 186.. Five points of ascent over 1/2 a year is not impressive for momentum.. And three of those months indicated good size distribution, whereas the other three months show weak accumulation. Edit: I'm also closely watching the DXY. If it penetrates 101, it may result in an "Katy bar the door" response.. stockcharts.com stockcharts.com Hawk

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next