Stock Market in Full Bullish Mode, All Systems are Go!
Stock-Markets / Stock Index Trading Aug 02, 2009 - 02:48 PM GMTBy: Angelo_Campione
As I'm sure you could interpret from the title of this article, all of my indicators are pointing higher and we are full on bullish. I wouldn't be surprised to see a pullback on Monday, and neither should you.
We are well on our way to making up another 3 months worth of downturn with 3 months of an upward trend. If you look at the chart, you can see an inverted head and shoulders, but don't read too much into things. The head and shoulders is one of the most often named and misinterpreted patterns out there.
With that being said, if we are indeed looking at an inverted head and shoulders, we could be off to the races. $125, here we come!
Add 1/3 Bullish position (see new weighting below).
Current Weighting Suggestion:
3/3 in Bullish Leverage
Long Term Investor Buy Signal Alert
Over the past several years, this indicator has predicted several 100-point or more moves in the S&P. There are only 2 to 3 of these signals every year, so they're worth paying attention to. This is an ideal signal for investors to put cash to work following a down move in the market.
A Long Term Investor Buy Signal Alert was issued March 18, 2009. Over the past 4 months, the SPX has moved up over 215 points.
Past Long Term Investor Buy Signals
October 29, 2008 - resulted in an advance of 76 points over 4 days.
July 23, 2008 - resulted in an advance of 34 points over 3 weeks.
Long Term Investor Crash Warning Indicator
This indicator is a variation of the widely published Hindenburg Omen. We'll let you know when we're seeing indications of a potential crash to come. This would be a good time for long term investors to take some money off the table.
This indicator is not coming into play at this point in time.
You can email me with any questions at plus@stockbarometer.com.
Have a great week!
Lynn
To learn more about my Partial Leverage Utilization System, click here. This service is available for $21.95/month or $209/year. To try my service, click here.
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