Monday, November 1, 2010

Another Hold Signal

Current market status:  Healthy
Latest signal:  Buy/Long (generated 10/26/10)

At the close, both the SPY and VIX were up again (!) which is 5 of the past 6 sessions.  I don't have stats on it, but that has to be pretty rare.  Most indices had outside days today also - and the bearish evidence is starting to stack up.  My system showed a sell this morning and had me licking my chops.  Then it went neutral by late morning and nearly generated a "buy" at the close.  I ended up adding to my long position, but my position is still quite small due to the increased volatility.  I'm hoping for a big white candle soon and a short signal so I can pounce.

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