Happy Holidays

I hope all of you have a wonderful Holiday Season.

Dec 18

No bearish setup has worked at all the last two weeks. The 60-min system has turned around again and is back on a buy, and today the Daily system did the same thing. This Santa Rally is now looking and feeling like a much stronger rally. I have no opinion on the short term anymore, other than it being generally bullish.

Dec 15

I think that the rally since the mid-Novemeber low is now over. Of course, take this with a grain of salt because I thought the Dec 3 peak was the top of the rally, which it obviously wasn't. My 60-min system issued a sell on Dec 4, which got reversed and a buy was issued on Dec 10, and the system turned back around and is now on a sell again since Dec 13.

But a slightly more compelling setup has occurred for a turning point with the clear bearish reversal candle posted last week (which *must* be confirmed next week), and the close back at / slightly below the 50 DMA.

My take at any rate.

Dec 10

No time today, very busy. 60-min system rolled back up and is now on a buy again. Looks like we will get a FOMC rally. It will be interesting to see if it turns back down again by the end of the week (which I think is likely). But whatever happens a few days from now, it looks like this rally is still not over.

Dec 4

60-min system rolled over and issued a sell today. Current thoughts as to what is going on: