Professor’s Comments Update 8/15/19

Posted by OMS  at August 15th, 2019

OK, with the Dow up about 125 points, the Model will start looking to buy back the DXDs it sold at yesterday’s close.

BTW, IYT approached the 175 level earlier this morning getting as low as 175.44. The transportation ETF should bounce from this level before re-testing 175. Right now in my personal portfolio I’m starting to lay on a few shorts in transportation stocks. I expect the trannies to lead the market down as the economy slows.

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