Market Signals
I just was able to process by signals for yesterday. Signals remain negative on all major indexes including DOW, NYSE, S&P 500 and 100, NAZ, TRN, and U. Breadth indicators, based on NYSE A/D are also negative. While, negative, these signals do not indicate a major breakdown at this time, only continued weakness. Also, like LG's signals, mine only indicate direction, not magnitude of moves. So, I'm staying with my slightly negative opinion on the market at present, but recognize that impeachment could still play a role in the next few days and could be a drag on the market for some time if this goes to the Senate, as now expected. If Clinton gets off in the House, of course the market will rally somewhat. Basically, I find my signals concurring with Donald Sew's at present.
Cheers!! |
