Note the low of the market (SP-500) and 20+ year treasury bonds (TLT) occurred simultaneously last November. Then bonds rose and went sideways as pundits expected the Fed to lower rates. Now bonds are back in a BWR down-trend and the market is weakening. Cash is king! The next advance will be under way when the shorter averages (red lines) for TLT rise above the longer term averages (blue lines) and form a RWB pattern. Stay tuned….
Blog Post: Day 16 of $QQQ short term down-trend; $GS and $CRS have GLBs and are worth monitoring, see daily charts,
While the GMI is still Red, see table below, a few stocks are breaking out to ATHs, see GS and CRS. CRS reports earnings on 5/1. Neither should close back below their green lines. With the GMI on a Red signal, I am on the sidelines in my trading account.
Blog Post: Day 14 of $QQQ short term down-trend; Too many failed break-outs; End of daily RWB pattern signalled to exit $META; Time to be on sidelines and in cash
Arrow shows trading after hours! Better to exit when the RWB pattern first disappeared. Best to hold stocks in RWB up-trends.