I will start the New Year on the short side. The last hour of 2009 was pretty bad. It was bad enough to drag the NYSE McClellan Sum down. The Nasdaq AD line turned down after a glaring divergence. The Naz 100 futures have generated TD Sequential Sell signals on the daily and weekly charts. Interestingly the 30 year future generated a TD Sequential Buy Signal on the weekly chart. Sentiment numbers as reported by SentimentTrader.com are heady to say the least. Fundamentally, I think stocks are overvalued so I prefer the short side anyway.
We will see what happens.
Posts
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.