The advance/decline line which has been negative since May 4 has now risen for the last 4 days and is giving me a buy signal. I'm going to start scaling in a few positions such as IJJ and IVW.
Advance/Decline
(3 posts)
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Posted 1 year ago #
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The cumulative 4 week new high/low indicator is also beginning to look attractive. We may hit a positive signal on this next week if the current atmosphere continues. This will push me to add to my postions. I am also looking for more volume which will indicate institutional buyers entering the market.
Posted 1 year ago # Donato
MemberOr maybe just pull up a one year chart of SPY (the S&P 500) and notice that the low formed on February 5th has acted as support for our recent pullback? Forget about the low volume, the markets have climbed 60% from the lows of March 2009 to the highs of April 2010 due to the institutional buyers. It is main street that has missed out on the big move so far; most of what you have seen this past year was the institutional players making the big bucks.
Main street has kept their money in low yield bonds, notes and savings. Which crowd do you want to run with?
IJJ has too low of volume for me. And both have much less potential than I care for. I like things like USO and KOL. Check out DBB if you want the potential for 50% gains in a relatively shorter period of time . . . Base metals, as the national and global economies recover, this fund will grow faster.
Good Luck
Posted 1 year ago #
