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Who Flipped The Switch On The Market?

Who Flipped The Switch On The Market?

Courtesy of David at allabouttrends

This is your captain speaking, we’ve turned off the keep your seat belts on sign (for those of you who have short exposure, those who have long exposure? Please fasten your seatbelts).  You are now free to move about the cabin. This MAY now conclude our in flight turbulence for the time being.

So what happened to the market Thursday? I mean wow we were up like 80 points on the Dow and the OTC was up nice too so what gives? Simple, it’s all because of this guy!

He flipped the switch! If you’ve ever seen the remake of lost in space you know what we mean.

It’s because we had a brand new EMOTIONAL subscriber (shown below) call us and say we were nuts! Can’t you see this market is flying? We’ve talked about being in control of your emotions and managing them. They say the fastest way to find out who you are is to start trading. The markets give INSTANT feedback.

It’s quite obvious to us this investor is finding out who he is right now and what he needs to work on to improve his game.

Of course the captain sees the runway just ahead and that’s why he’s not emotional mind you.

On to the charts

Yesterday we told our subscribers:

“So from here? IF we are at a turning point we should not go over the red line on the two charts below, even if we do though we’ve got 1131 not far away which is another resistance level.”

As you can see we’ve still got the green line to deal with to the downside. Call us pinned between the red line or the 1120 level on the S&P 500 to the upside and the green line to the downside.

From a daily perspective in the charts below look at the Full Stoh’s, still in overbought territory and the Bollinger Bands both still have quite a ways to go.

Everything looks encouraging to those that are short this market.  We’ve hit resistance/fib levels, indicators flashing overbought and in the zone, a fair amount of go-go names staging the makings of “New Highs And Dies” which is what you want to see and a classic pop and drop Thursday.

To learn more, sign up for our free newsletter and receive our free report — “How To Outperform 90% Of Wall Street With Just $500 A Week.”  David’s offering our readers a Special, two months at $10 a month. - Ilene  


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Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!