Wassup?! Bulls take charge and I change my ‘call’.
The most significant event today was that Daily Vector flipped to bullish at close. So now daily Vector aligns with the bullish TA in the INDU daily chart, and I am therefore changing my call from bearish to bullish, looking for impulse 3 up, and accompanying rally in the broader market. Should the double top in the Dow break, that will provide good fuel for bulls.
Technicaltrades.net portfolio didn’t do much today; gained a smidge despite the CCC short established in August stopped out for -38% loss. Current portfolio sits +8% on the average, not including losses detailed in the performance page. I’ll work net out later, but it remains acceptably green, assisted by the likes of PARL short +40%, EEE short +39.25%, PARL short (2nd) +33%, SPWR long +25%, and BDCO short +17%.
Biggest moves today for the port was EEE short +6.8%, AWX short +3.55%, SPWR long +2.3%, and PARL short +2%. Go figure, the shorts did the best and 4 longs lost ground.
