Professor’s Comments March 15, 2019

Posted by OMS  at March 15th, 2019

Quick Update:

There were no changes to the market timing indicators for equities after yesterday’s session. The S&P, NASDAQ, and Russell 2K remain on Buy Signals. The signal for the Dow, while still Neutral, is very close to becoming a Buy. Almost any type of up day today will likely cause the signal to turn positive.

Gold flipped from a Buy to a Neutral Signal.

As I mentioned in yesterday’s comments, the Model Portfolio sold its position in TZA just after the open and bought a half position in QLD, the 2X long leveraged ETF for the NASDAQ-100. Not sure what the price was. I believe the shares of TZA were sold for 9.70. The Model also bought 500 shares of UGL at 37.40.

So going into today, the Model is up $1,616.49 or 2.05 percent without considering commissions.

I’ll have more in my Weekend Strategy Review when I get home on Sunday.

Market Signals for

03-15-2019

One hour video recorded from May 28, 2016 The Professor’s Signs of a Major Market Turn – Prospectives and the Projected Timing and Levels One hour streaming video – includes webinar handouts The Professor usually holds an update class whenever the Market looks like it may be making a major turn. If you have been following the Professor’s Comments you know that a turn is due….. LEARN MORE

Not sure of the terminology we use? Check out these articles

The Hockey Stick Pattern
The Creation of Waves and Trends
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