Professor’s Comments December 28, 2017
Posted by OMS at December 28th, 2017
The markets rose mildly yesterday. The Dow finished up 28 points, closing at 24,774. The NASDAQ and SPX rose 3 and 2 points, respectively. Volume on the NYSE was low again, coming in at 74 percent of its 10-day average. There were 138 new highs and 25 new lows.
Not much changed after yesterday’s low volume session. Most of my key indicators remain positive, and until these change, I would expect the markets to chop higher to complete final Wave 5 up of the Bull Market that started in March 2009.
The Sector Ratio was unchanged after yesterday’s trading and remains at 21-3 positive. The Strong List was led by Household Products, Food Drugs, Energy, Transportation, and Healthcare. The Weak List was led by Utilities, Insurance, with Semiconductors replacing PharmaBio which moved to the bottom of the Strong List. Continue to stay in stocks and ETFs in Strong Sectors and avoid or short those in the weak sectors. Also, continue to watch for changes to the Sector Ratio. If the Ratio stays strong, the odds are high that the current rally will continue to challenge the 25,000 level.
I did manage to complete my move yesterday and get internet access for most of my computers. But as you might expect, I still have a lot of things to set-up before everything is in its place. Hopefully, all this will be complete by today.
That’s what I’m doing,
h
Market Signals for
12-28-2017
| DMI (DIA) | POS |
| DMI (QQQ) | POS |
| COACH (DIA) | NEG |
| COACH (QQQ) | POS |
| A/D OSC | |
| DEANs LIST | POS |
| THE TIDE | POS |
| SUM IND | POS |
| VTI | POS |
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