Market Curiosity: Exploring Markets And Systems

January 30, 2011

Outlook for February’s 1st week

Filed under: Just Watching — Tags: , , , — Jeff Fitzmyers @ 8:32 am

Still seems like stocks are working on a top: Wait until conditions are rather oversold to go long and take profits too soon.
A) + The inverted Put Call Ratio is suggeting a bounce, but could easily drop a bit more before a significant bounce.
B) – The daily Summation ratio ratio has turned down and has tentatively formed a divergent top which is associated with bigger moves down. Xiphos Trading pointed this out.
C) – The weekly Summation ratio is starting to fall. But the CCI has made it to 100 at every peak in the past 3 years without exception. Hmmm…
D) – The NYSE Bullish percent is starting to fall. The CCI is picking up momentum to the downside.

From Mr Merriman’s weekly update: Since Uranus rules Aquarius, and is the lord of chaos and non-conformity, the sharp and sudden turns in financial markets are likely to continue. That same day is a new moon in Aquarius, which also coincides with sharp price movements, especially in precious metals.

Tentatively expecting a volatile dip in stocks for February.

Long? (mostly just watching now)
SLW SH1 OJH1 QGH1 LLL KMP REE BA BIDU ESRX REE

Short?
GE PHO CXW ADH1 SH1

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: