With all 10 models now bullish I am now more convinced that these models based on Momentum truly act as such by giving Overbought/Oversold indications.
Using the 1:30 numbers as closing numbers the last 2 models, based on BIB (Biotech) and DRN (Real Estate), have gone to the bullish side.
If this changes before the close I will update; if not then in the paper account we will be buying.
Score - Bulls: 10 Bears: 0
---- T H E B U L L S ----
Using the 1:30 numbers as closing numbers the last 2 models, based on BIB (Biotech) and DRN (Real Estate), have gone to the bullish side.
If this changes before the close I will update; if not then in the paper account we will be buying.
Score - Bulls: 10 Bears: 0
---- T H E B U L L S ----
- Biotechnology as represented by BIB
- Real Estate as represented by DRN
- Energy as represented by ERX
- Finance as represented by FAS
- Mid Caps as represented by MIDU
- Retail as represented by RETL
- SP 500 as represented by SPXL
- Technology as represented by TECL
- Small Caps as represented by TNA
- Russell 2000 as represented by URTY
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