Holding Support

The market was volatile Friday, with a sharp sell-off followed by a sharp recovery. SPY tagged an UP trendline, and IWM tested support near 64 (its 50 day and 200 day MAs) again!

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Nice Shorts!

Our "tried and true" "with trend" signals came through again. We had similar signals on all the ETFs we watch: SPY, DIA, IWM, XLF and XHB, etc. Financials (XLF) and housing (XHB) were particularly weak.

Our EVMO was late to trigger the "sell" signal, because of low, summer volume.

We're Back!!

This chart of QLD is similar to all the major index ETFs -- a respect of resistance at the 50 day MA. We had "sell" set-ups, but passed, because our main BP/SP EVMO (Buy Power/Sell Pressure Exponential Volume Momentum Oscillator, what a mouth-full! Hereinafter "EVMO") is still on a "BUY" signal, and trendlines have not been violated. Stops can be moved up on our Longs to lock in some profit.