Friday, April 19, 2013

Hold signals.

Nothing new today. The JTS remains short, the CCI long, and the JT Comp sidelined in cash.  Enjoy the weekend!  See ya,
J

6 comments:

  1. And a good weekend to you, J.

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  2. Some nice topping patterns are completing:
    1.) NDX daily ascending wedge did failed upside B/O on 4/15, then broke 4/17 ... now will try a re-test... also a DT vs Sept '12
    2.) RUT daily has a nice H&S. N/L can be drawn two ways ... teh first already broke on 4/15.. the second (flatter) has not broke yet. Dow TRANnies looks similar.
    3.) VTI XLF SPY COMP ... and many others all forming daily topping patterns, too.
    4.) Spot crude has a massive H&S top -- if that triggers, it's telling us the world recovery is moving back into recession.

    Finally, the Seasonal Timing System people got an exit signal Friday (or will, on Monday, since 4/20 falls on a weekend). So, we are now into the un-favorable period for the mkts (until Oct 15 at the earliest).

    Nice to see things clicking in again... and the charts working again... mkts being allowed to breathe and move.... this is where the most profits will be made by traders. Just hope we don't roll into the usual "summer doldrums" too soon.

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    Replies
    1. are you trading on a lunar cycle or something similar?

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  3. I don't know about JKH, but I'm strictly an astrology guy. If it's not in the stars, I'm not interested. Okay, I do have a leech indicator, but that's proprietary.

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    Replies
    1. Hey, in the last week alone, while scanning the web I have found the 17-year Cicadia indicator (and it's very bullish) and also the Men's Underwear indicator. Apparently, the shorts are long if you know what I mean, and I'm not even sure I do. Who knew?

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  4. I stand corrected, Michele. Those cicadas and long shorts are hard to beat . I'll add them to my quiver.

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