Professor’s Comments March 17, 2014 Update
Posted by OMS at March 17th, 2014
At the 10:30 mark, with the Dow up over 160 points, there has been a DMI change in both the DIA and QQQ. The MACDs on both indexes are positive, but the P-volumes are still negative.
Anyhow, seeing the DMI change, I ran The Professor to see if he was confirming the change.
The Professor is wide awake now, and had 37 longs. just 13 short of the 50 required for confirmation.
It’s still early, but if the markets continue to rise, we could have confirmation of the DMI change by the end of the day.
Also, the VIX has triggered its Buy Signal buy falling below its Upper Bollinger Band.
I will be running The Professor throughout the day to keep you updated.
Not sure of the terminology we use? Check out these articles
All of the commentary expressed in this site and any attachments are opinions of the author, subject to change, and provided for educational purposes only. Nothing in this commentary or any attachments should be considered as trading advice. Trading any financial instrument is RISKY and may result in loss of capital including loss of principal. Past performance is not indicative of future results. Always understand the RISK before you trade.
Category: Professor's Comments