Thursday, September 18, 2014

Thursday, September 18 Update

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Timer Status:

Short-term timer: CASH
Intermediate-term timer:  MIXED
Long-term timer: LONG
Long-Cash Ratio: 0.711, increased +5% from previous day
% Longs in the Database: 41.5%, up 1.1%

Slope Table:

(right click on the image to open in a new tab or window)



Cumulative Tick


(right click on the image to open in a new tab or window)

Commentary:

I'm seeing more green on the right side of the slope of the slope table above, which means that we're getting closer to a LONG signal.  As you can see on the left side, the 2d has transitioned to green, so the 2d slope is now positive.  I need the 3d and the 5d to turn before the short-term timer will transition to LONG.

The intermediate-termed timer is MIXED, which means that internally, some things are not confirming each other.  We're right at a threshold, where the markets have equal probability of moving up or down.  Literally, we are at the 50/50 point.

The Cumulative TICK indicator shows that all the moving averages are converging to the 10d (red).  Any strength in the market will put the real-time TICK (white) above red, which will pull the remaining averages up with a positive slope.  Once they all have a positive slope entering the market has a good risk/reward.

Strategy:

Get your shopping lists ready.  Here's mine:

AAP
AGN
AMBA
AMRI
APT
ARII
BABY
BBD
BFR
BITA
CAAS
CBK
CMG
CORE
CP
CTP
DAL
DXCM
ENPH
ENV
EW
FB
FNHC
GIII
GILD
HBI
HEES
HOLI
HTLD
IDTI
KNX
LDL
LUV
MAR
MFRM
MNST
NEO
NFLX
NUVA
NVGS
NXPI
OTEX
OVTI
PJC
PL
PRSC
RCL
RFMD
SAVE
SHPG
SKX
STZ
SWKS
TUES
UAL
UEIC
URI
WGP
XCRA

I do not have a buy signal yet, but we're closer.  Most of these are GGT long-rated stocks and are worthy of consideration.  Breakouts are your friend.

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As with all my postings, you are responsible for your own actions and I am not.  Please do your own diligence, and please take ownership for your actions.

Regards,

pgd