I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Friday, June 1, 2012

June 1

Sell signal was issued on the Daily System today. This was not a normal exit signal, which is what this setup was looking for Apr 7 - Daily and 60-min Cycles, Looking for an Edge. It was a forced sell because a Down Cycle signal was given (which is uncommon, the signals are typically a sub-cycle top/bottom signals).

The way this signal was made is 'suspect' (non-normal moves relative to significant MAs, some secondary signal non-confirmations, etc.). And I think the fundamental environment is also very 'suspect'. But the signal is given and I am respecting it.
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