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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (109093)	7/31/2018 9:51:35 PM
From: techtrader73	Read Replies (2) \| Respond to of 220568

Right now my long-term bias is down or sideways into October....no fear at all in the markets..

To: GROUND ZERO™ who wrote (109093)	8/1/2018 12:58:51 AM
From: Robohogs	2 Recommendations Recommended By kimberley Machaon Read Replies (2) \| Respond to of 220568

I can definitively say the character has changed. Internets, software and bios were leading per data from Les until last week. Now internets down for month, software up a small bit and bios up a ton (but not same bios that ran earlier in year - growthy midcap bios have crashed a bit honestly with big cap value running). Now semis have stealthily caught up after crashing last month. Add strong financials into mix. Retailers had led too but slightly weaker here. I could argue there has been a stealth correction even as mkts moved higher in the indexes (broadly and in say BTK (a bigger cap bio index)). Semis led, as they do. Growthy bios followed from mid June. Retail then followed with energy also getting hit hard. Last week into this week, software and internets got crushed and tech reactions to earnings were bad. The generals have been there all bull. In a correction they go down last. Meanwhile semis are strongly recovering, the biotech indexes were lifting and financials look good. Really a lot of crosscurrents but I can put it together with two other factors to say higher sooner. 1. Internets, software and bios hit 12% of stocks or less bove their 10 day averages. This is a big buy signal historically - very weak but not yet as weak as crashes. Crash is possible but big up is probable. One has to be vigilant. 2. This corrective phase since February looks a lot like 2015/16 in QQQ. 4 bottoms in 2 sets of 2. 6 months from 1st to last. Flash crashy first fall. Vix going nuts at start. But the slope is up this time in between vs down back then. Interesting fractal to be honest. I am often wrong btw. Freely admit it. And I am slightly short overall higher in trading accts (I think) - lots of positions intersecting here. I remain fairly large as usual in investing accts. Jon