Tuesday, April 6, 2010

LCR Timers Confirmed Long (+1)

The strong action yesterday (Monday), combined with the reversal and push upward later today was enough to cause the LCR Change timer (slow) to confirm a move to LONG (+1).  I've not run today's numbers on the stock database but http://www.finviz.com/ indicates 3611 advancers and 2545 decliners, which means an up day for the LCR.

My contra ETFs hit their stops two days ago and were closed out with 1% TSLs yesterday.

This rally is quite mature, so I would be cautious at entry on any large number of equities.  Nevertheless, you can't make money if you don't play, and I'm entering 25% positions as they clear the previous day's high.