First up, check out the short term expanding diagonal in SPY.
Also, here's a longer term megaphone in the works (thanks Jim). Target for NYSE looks to be 6500-6600.
Courtesy Stocktiming.com
As for the TSP, I'm looking for a convincing bounce off the 34EMA before jumping head first into the S fund. It could happen this week. I'll keep this site updated with the latest developments and my thinking.
Wednesday, April 28, 2010
Saturday, April 17, 2010
The CCI and CMF
I'm loving these 2 indicators. They've been very profitable the last few weeks, not for the TSP for me yet, but for my personal account. When the CCI or CMF is decreasing, draw a subjective resistance line, and when it rises above that line, buy. Conversely, when the CCI/CMF are rising, draw a subjective line as support and when it falls below, sell. Here are some of the stocks I've been playing. The last chart shows some potential SPY buy & sell signals. Sometimes the CCI works better, sometimes the CMF. When they both show a signal, confidence is even higher.
FNM
PPHM
SIRI
ANDS
SPY with fictitious/hypothetical signals...
FNM
PPHM
SIRI
ANDS
SPY with fictitious/hypothetical signals...
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