Market alert: SELL signal generated
I'm posting this from my phone today, so I can't update the needles yet, but a sell signal was generated yesterday.
Thursday, October 31, 2013
Sunday, October 20, 2013
Martket Alert: RUM Wave SECURE PROFITS signal
Market Alert: RUM Wave SECURE PROFITS signal
RUM Wave Analytics has moved to a SECURE PROFITS signal with a 5 day forecast of NEUTRAL.
While a change in trend to the downside has not been confirmed, our indicators are showing a short term top could be approaching in the near future. If one was to follow our trading strategy and purchased a triple leveraged ETF (such as UDOW) on the day following our last BUY signal they would be enjoying a little more than a 5% gain in 10 days. Investors that are content with that return should consider securing those profits at this time. More aggressive investors could remain in the market a while longer until a SELL signal is generated but will run additional risk of a sudden market downturn.
RUM Wave Analytics has moved to a SECURE PROFITS signal with a 5 day forecast of NEUTRAL.
While a change in trend to the downside has not been confirmed, our indicators are showing a short term top could be approaching in the near future. If one was to follow our trading strategy and purchased a triple leveraged ETF (such as UDOW) on the day following our last BUY signal they would be enjoying a little more than a 5% gain in 10 days. Investors that are content with that return should consider securing those profits at this time. More aggressive investors could remain in the market a while longer until a SELL signal is generated but will run additional risk of a sudden market downturn.
Friday, October 11, 2013
Market Alert: RUM Wave BUY Signal
Market Alert: RUM Wave Buy Signal
A BUY signal was generated Thursday, however I'm a little cautious about it. It is not the type of signal that typically signals a strong rally. Any buying of new positions should be closely monitored. Trailing stops are definitely warranted for now.
A BUY signal was generated Thursday, however I'm a little cautious about it. It is not the type of signal that typically signals a strong rally. Any buying of new positions should be closely monitored. Trailing stops are definitely warranted for now.
Tuesday, October 8, 2013
Market Alert: Status change to HOLD
Market Alert: Status change to HOLD
A majority of the selling looks to be complete in this decline. A change in trend direction to the upside is on the horizon, but is not here yet. I think we are very likely to see a bounce based on the new Fed chairperson announcement, but the debt ceiling debate still looms.
A majority of the selling looks to be complete in this decline. A change in trend direction to the upside is on the horizon, but is not here yet. I think we are very likely to see a bounce based on the new Fed chairperson announcement, but the debt ceiling debate still looms.
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