Getting a buy signal.

6:00pm: The buy signal held into the close. Seems kinda risky to be buying when the market is this extended but the trend is on your side. I'll be glad when the market gets back to normal and actually goes up and down.
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Looks like a buy signal is on tap for the close.  However, if we see anymore weakness and the S&P finishes below 1280, the signal will flip back to holding on to shorts for another day.

Hold Shorts

A hold signal was generated today.  Somewhat surprisingly, another short signal was not issued, which is slightly concerning... the rally may have some more legs.  Time will tell. 

Short signal issued.

Assuming the market doesn't do anything crazy this afternoon, I'm getting a short signal.   We'll see if it holds into the close.

2:35pm: The afternoon sell-off killed the sell signal.  It's a hold now.  My system is designed to sell into strength while in an uptrending market.  It will not sell into weakness as it assumes weakness leads to higher prices in the future (again, only in an uptrending market).

3:55p:  Coming down to the wire, the system keeps flipping between hold and short... Probably won't know until just before the close.  Will update later.

4:00p:  System flipped back to a "short" 15 seconds before the close.  So, it's official.

Jan 10 - Hold

A buy signal was generated this morning, but it transformed into a "hold" as the small caps regained their footing.  Since the previous trade was a "buy" on Jan 6, there is no change.

Buy - Jan 6

A buy signal was generated on the close yesterday. 

Sell signal...

Had the buy signal held into the close yestereday, the system today would be selling.  On the other hand, since the system is still short, it will remain that way.  I suspect there is some downside coming in the short term.  Probably not much, but a little...

Could be a "buy" ....

12:23pm: The previous short signal is paying off after a rather nasty day for bears yesterday.  The system is currently showing a "hold" signal on those shorts, but depending how the afternoon goes, a "buy" could be in the offing.  Will update later...

3:58pm: Last second switch from a "buy" to a "hold".    Closing signal = Hold shorts...