Professor’s Comments February 6, 2014 Update
Posted by OMS at February 6th, 2014
A lot of things that I have been talking about for the past week are starting to work for us this morning,.
The markets are rallying as expected because of the small change in the A-D oscillator.
Gold is down, pushing DUST up. I’m still watching for the Daily’s on DUST to turn positive.
Oil is up and SLB is responding nicely.
TMF is falling: good thing we got out of it after the Rope Jump. TMF is on my RADAR, but not now. Hopefully, we’ll get a good price in a few weeks.
And finally, the VIX is falling, causing our shares of XIV to rise.
The question now is : Will the rally continue?
Remember we have a VIX Buy Signal on the Board, so the rally could develop legs.
I’ve been running The Professor every hour, and so far the most stocks he has highlighted as Buys is 23. It’s still early, and I will continue to run the algorithm every hour. IF it starts to approach 50, I’ll let you know.
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