OVI Market Action:
Like it or not, logical or not, the markets are poised to break one way or another. Bull flags still have the edge, but there are some beautiful looking bear flags out there too, a…
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Just a quick note to say that Doji type long-tailed bars have formed on the Dow, Nasdaq, S&P and a number of leading stocks including AAPL, GS, AMZN and WYNN to name but a…
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A concerted move up yesterday throughout the board as the US “officially declares the end to the recession” – notice I put that in parenthesis!
First let me say that I don’t ha…
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Ok, we have some divergence with the markets looking bullish (with nice bull flags forming) but the OVI having turned down on the S&P and the Nasdaq.
Let’s put this in context. …
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GLD finally broke out today meaning if you were patient, you’d be in a trade right now.
It’s been a pretty dramatic breakout and the OVI never got into negative territory even…
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I forgot to mention GLD, which is a Gold ETF …
Having been bullish for several weeks now, GLD stands on the precipice of a new breakout from its June highs.
The OVI w…
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Impressive work by the markets on Friday but remember, in order to trade an upswing we need one of two things present before we can activate a trade safely:
(a) A consoli…
OVI has been negative for the QQQQ over the last month and isn’t fairing well either for the S&P. The Dow OVI is neutral but as I’ve said before it does tend to be more bullish than the othe…
Earnings season is pretty much over now, the OVI is negative on all indices, and bearish patterns are in the ascendancy.
There have been some fantastic bear flags recently that many of us have prosper…
As I’ve said in the past few months, it’s the Nasdaq OVI that is proving to be the most insightful, and therefore the index that I’m paying most attention to.
But imagine for one moment if the reading…
