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Market Timing

Sunday, 07 July 2013

Our previous entry [Three Possible Market Moves (And Why)] showed 3 likely market moves from July 1st.  Well, for now, it looks like #1 (moving up from here) won the several weeks battle between the bulls and the bears.

In the graph immediately below, you can see that after 5 days in a tight trading range (pink box) around the 50-day EMA (black dashed line), the SPY broke up with a gap (orange ellipse).  This is enough for most market "technical traders" to say this is a huge win for the bulls.  From my perspective, the only thing that I did not like about this is that this break-out happened on very low volume (little guys?). As to where this takes us in the next few weeks, we will depend upon MIPS.



 

Posted by: Dr. G. Paul Distefano AT 03:11 pm   |  Permalink   |  Email

MIPS Timing Systems
P.O. Box 691047
Houston, TX  77269

An affordable and efficient stock market timing tool. Contact MIPS
281-251-MIPS (6477)
E-mail: support@mipstiming.com