Using the 1PM #'s as closing #'s the remaining bearish models are now bullish. Probably due to today's big sell-off; as mentioned before these models tend to indicate short-term overbought/oversold conditions.
In the paper account, after 3PM, we will be buying.Buy Today: Real Estate(DRN), Finance(FAS), Mid Caps(MIDU), Retail(RETL), SP 500(SPXL), Technology(TECL), Small Caps(TNA), and Russell 2000(URTY). The other two ETFS, BIB and ERX, were purchased in late November.
Score - Bulls: 10 Bears: 0
---- T H E B U L L S ----
In the paper account, after 3PM, we will be buying.Buy Today: Real Estate(DRN), Finance(FAS), Mid Caps(MIDU), Retail(RETL), SP 500(SPXL), Technology(TECL), Small Caps(TNA), and Russell 2000(URTY). The other two ETFS, BIB and ERX, were purchased in late November.
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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