Short Term Timer = CASH, VTI Transitioned to CASH

.
First, I'd like to thank Bob Wilson, Jeff Williams, and Dave Steckler for an enjoyable evening here in Ft. Worth.  Always enjoy talking about the markets....

=====================
.
Summary

• The Long-Cash Ratio (LCR) fell today.  This has caused the Short-Term LCR Change Timer to transition to CASH with the close of the markets today.  If you are holding short-term equities, you'd better lock in those gains.
• The VTI timer, which is related to the Short-Term LCR Change Timer, also signaled a move to CASH.  If you are holding VTI lock your profits in now.
• The GGT price index moved up +0.25% on 7% higher volume than the 50d MA.  This is bullish, but the LCR eroding away for two consecutive days says that we need to watch this.
• Overall, the LCR subsystem is bullish.  The slopes of all the EMAs are pointing upward, which is healthy.  This is telling us that on time lengths greater than 5 days the database is expanding in terms of available numbers of stocks with a LONG status.
• Like the LCR subsystem, the pricing subsystem is bullish.  The slopes of all the pricing EMAs are pointing upward, much like the LCR subsystem, and since we put prices in the bank, this is good.
• %B for the database fell again for a third consecutive day, ending the day at 0.775.  Database strength ROSE a bit, thus adding another divergence to the equation.
• The Elder Intermediate-Termed timer is still long -- entry of stocks on the long side is ok.

Overall, two divergences exist:  price moves up but the underlying database is getting smaller in terms of stocks with a LONG status, and %B decreases but GGT database strength increased.  It's difficult to reconcile these two sets of divergences, but I typically put more weight on the price/LCR system.  Climbing prices on a shrinking database cannot be sustained, so either we will see falling prices to match the shrinking LCR system, or we'll see the LCR system start expanding to match rising prices.

Time will tell.

==================

Top 25 Stocks and ETFs

So, I'm traveling this week.  I started traveling Tuesday, so somehow in my mind that was "Monday".  Today is Wednesday, right?  Wrong.  It's Thursday.  Well, on Wednesday night, I'm supposed to calculate the Top25 stocks and ETFs.  It didn't happen last night because in my mind it was Tuesday, not Wednesday.  This is the problem when you hold multiple jobs.

You might think that I should simply use yesterday's data and update the portfolios... but I can't do this.  I'm actually using a 3rd party to independently track the portfolio, and since I didn't make the trades today, I can't backdate.

Soooooooo, the Top 25 Stock and ETF portfolios will be calculated with today's data, and the actual transfer in accounts will be Friday morning.  Welcome to real-world trading.

================

Top 25 Stocks

Here are the new top 25 stocks, from strongest to weakest, although these are the strongest out of 1846 LONG-rated stocks.  I note with interest that EVERY one of these is only rated LONG, not New Long, not Affirmed Long, but simply Long.  Telling?

CMG

PCLN
AZO
CEO
AAPL
BSFT
CME
NFLX
FFIV
CKH
MTD
DECK
RL
CSTR
MIDD
NOV
AMZN
SLB
LNN
DRQ
FCX
MEE
ETN
FOSL
OII

Stocks moving up in position since last week:

CMG
AZO
FFIV
DECK
CSTR
FOSL
OII

Stocks falling in position since last week:

PCLN
CEO
CME
NFLX
MTD
RL
MIDD
NOV
AMZN
SLB
DRQ
FCX
ETN

Stocks remaining at the same relative level:

CKH
MEE

Stocks newly appearing on the list: that were not in last week's top 100 list:

AAPL
BSFT
LNN

Stocks removed from the portfolio (sell these):

BIDU
LVS
NEU
TIF

Stocks being purchased for this week:

AAPL
BSFT
FOSL
LNN
OII

For the period ending December 9th, the Top 25 Stock portfolio is up 1.5% since inception on 10/28/10.  The Maximum Drawdown in this time is 4.77%.

================

Top 25 ETFs

Here's the list of Top 25 ETFs, in decending order of strength:

AGQ

UPRO
TQQQ
OIH
SOXL
PALL
ERX
TNA
MDY
VDE
QLD
USD
RFG
IJK
BGU
MVV
IEZ
DIG
IWO
XLE
VBK
XME
TYH
UYM
IJT

Unchanged ETFs in terms of relative position on the list:

AGQ
MVV
VBK
IJT

ETFs that are new additions to the list:

UPRO
VDE
QLD

ETFs that have risen in strength:

SOXL
PALL
USD
RFG
IEZ
DIG
XLE
XME

ETFs that have fallen in strength:

TQQQ
OIH
ERX
TNA
MDY
IJK
BGU
IWO
TYH
UYM

I'll place orders to sell the following ETFs:

IWR
IYT
MWJ
SGG
SOXX

I'll place orders to buy the following ETFs, at full positions (since the Elder Force Index Timer is LONG):

QLD
UPRO
VDE
XME

For the period ending December 9th, the Top 25 ETF portfolio is up 4.0% since inception on 11/25/10. The Maximum Drawdown in this time is 0.01%.


======================

Trading Plan for Friday:

First, I need to make the phantom trades of the two portfolios as listed above.  This will be done prior to market open.

Next, I'm watching the following stocks for appreciation, and will enter if they show strength and appropriate intra-day volume:

EWX

BEAV
STEC
MCRS
SHO
TBF
TBT
TMV
TWX
SUSQ


These stocks need to appreciate before entry but appear that they are starting new up-trends:

MAA

CYD
DBA
CEO
BBL

These stocks need to pull back prior to entry, as they are overextended:

PTP

ADTN
UN
BLK
MTB
RF
STO
TCB
WTS
AAWW
AF
BOH
CCC
COF
CQB
HIG
IRE
KIE
MDT
ZION
ZMH

======================

Remember, you are responsible for your own investment decisions, and I am not.  Please do your diligence and take ownership for your actions.

Regards,

pgd

Possible Good Entry Today if Market Moves Upward

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Summary

• The Long-Cash Ratio (LCR) system is bullish overall, with all the major slopes on the EMAs in an uptrend.  This means that the database is expanding in terms of stocks appreciating in price and volume on a +5d and onward time scale.
• The LCR fell on Tuesday by -7%, which is a 1-day contraction in the number of database stocks that are meeting price and volume criteria for expansion.  Nothing to get ruffled about.
• The GGT pricing system fell -0.14% on volume that was 9% higher than the 50d MA.  Falling prices on higher volume is worrisome, and needs to be watched.
• The GGT pricing system is bullish across the board going into Wednesday's action, with all of the pricing EMAs pointing upward.
• %B for the database continues to weaken, and is now at 0.7998.  This correlates with the GGT strength index, which fell to 0.702.  Given the status of the LCR value, as well as the LCR system, we still have gas in the tank to move upward.
• The Short-Term LCR Change Timer system has moved to LONG-CASH because the LCR fell yesterday.  If today is weak it will move to CASH, signalling that short-term trades should be liquidated.  Conversely, if the LCR moves up, this indicator will remain in LONG-CASH.
• The Elder Force Index Intermediate-Timer system is LONG.  It is okay to purchase stocks for longer holding periods.

======================

Today's Strategy

In general, we're looking good overall from this morning's vantage point.  The LCR system indicates that we have more stocks exceeding pricing and volume thresholds that we've had in the local past, which is bullish.  All the LCR EMAs are pointing upward, which is good.  All the pricing EMAs are pointing upwards, which is good.  The Elder 2d Force Index on the GGT universe has moved negative, which means that if today is an up day overall that this could represent a good entry period.

Dark clouds on the horizon are simply that prices dropped on a 1-day scale on higher volume.  This is the definition of churning, and is problematic if it continues.  1 day does not make a trend so we do not have to worry, per se.   I dont' see any other significant storm clouds, except the ongoing news about POMO stopping today.

I'm focusing on selecting stocks where the Elder 2d Force Index is negative, going into this morning, then the stock moves higher on higher volume.  Here's a list of quality stocks that I'm looking at:

NG
PAL
CPX
CYD
SOA
SSRI
SPRD
ATW
ATPG
CENX
CEO
OMX
HT
JCI
TC
CE
AEM
PENN
HRC
KND
MGA
FST
TPX
VECO
TEX
APA
GFI
VALE
XEC
CSX
HP
HMC
TLM
SFL
DNR
AAN
CLF
CAJ
APH
UNS
MYL
BEC
CBG
HMY
CPT
AIV
CAH
DVN
TMO
BCR
NSC
RRC
DIS
SU
GXP
MLM
MCK
HK
RMD

I'm screening these with Effective Volume (http://www.effectivevolume.eu/), looking for shorter-term appreciation / positive deviation between price and the 20d MA on EV.  This shows that big money is moving into the stock, forcing it up faster than historical.

========================

Trading Plan for Wednesday

I am presently in CASH via the Short-Term LCR Change Timer.

I intend to enter Elder stocks on the long side if they show appreciation and volume throughout the day.

 =========================

Remember, you are responsible for your own actions, and I am not.  Please review the disclaimer on the left side of this blog.

Regards,

pgd

A Public Apology to Hsin

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As many of you know, Hsin Yen and I trade together, e.g., we have joint access to multiple accounts.  There is a tremendous amount of synergy that exists when two like-minded individuals pool their knowledge and resources.  There is also danger when when this sharing disconnects, even for a day.

Yesterday, accounts that Hsin and I trade took a beating, and because of this, today's setup is at a disadvantage.  Hsin, being the consumate professional that he is, took the responsibility for this performance in his blog at

http://athenastrategytrading.blogspot.com/

Let me say, with no ambiguity, that the performance yesterday was due to my actions, and none of his.  Specifically:

• I moved into the markets on the news of the previous evening (extension of Bush tax cuts, extention of unemployment benefits, etc.), and not on the actual performance of the equities that I selected.  We have a rule not to trade news and I violated that rule.
• I moved into the markets in the pre-market period, which in retrospect, has not been a successful avenue for me in entering trades (determined in hindsight analysis yesterday);  We have a rule not to enter markets before 9:46 and I violated that rule.
• I moved into positions that were extended, and violated a rule that he and I agreed to that the entry needs to be less than the EMA8 + 40%ATR(20).  NONE of the positions I purchased fit this condition, so I entered positions at an overbought/over-extended level. 
• I did not properly screen for sector diversification.  As many of you know, at one time in my past I religiously ran daily correlation studies on stocks, ensuring that they were from uncorrelated sectors.  There is no excuse why I am not doing this now, and as a consequence, 35% of the position was weighted in various precious metals.  Precious metals fell hard yesterday.  I intend to ensure sector diversification going forward.

In any post-mortum analysis of "why" trades fail a dozen reasons can be created.  These are simply excuses.  The bottom line is that I had not internalized these rules, and because of this, we've been hit hard.  As a consequence of my actions, hard-earned gains of the last two weeks were wiped out.  Because of this I owe Hsin a most heart-felt and somber apology, and a promise to stick to our rules.

Hsin, I have the utmost respect for you as a trader, investor, confidant, and friend.  Please accept my apology for my actions, and please know that I absolutely know that we have jointly created these money-management rules because we have made these mistakes in the past, and vowed never to repeat.

========================

GGT Summary

• In general, the LCR system is heathly/bullish.  We are at an early stage though, so a failure could certainly materialize.  ALL the slopes of the EMAs are positive, and ALL of the "slopes of the slopes" of these EMAs are positive.  This is overall bullish.
• In general, the Pricing system is healthy/bullish too.  ALL of the slopes of the pricing EMAs are positive, so we are in an uptrend.  We do have headwinds though, as ALL of the "slopes of the slopes" of these EMAs are pointing downward.  We're pulling back slightly in terms of prices, which provides entry possibilites.
• While %B has fallen from 1.0047 to 0.9073, the GGT strength index increased 3.7%.  This divergence shows that there is still "gas in the tank" for a bull leg.
• The short-term LCR Change Timer is LONG.
• The intermediate-termed Elder Force Index Timer is LONG. 

==================

I'm in Ft. Worth this week, so I'll post entries as my schedule allows.

Regards,

pgd

Moving Long in 3 Funds as of Monday, December 6th

.
GGT has signaled LONG for the C-Fund/SPY and S-Fund/VXF, with a conditional LONG for I-Fund/EFA.

Contribution allocations are as follows (3-Fund only; F-Fund/AGG is too risky in the face of inflation):

C-Fund / SPY:  36%
I-Fund / EFA:  7%
S-Fund / VXF:  57%

I have placed my order at www.tsp.gov and it should be effective as of the close on Monday, December 6th.

Please read my Monday, December 6th comments concerning the SPY at

http://greekgodtrading.blogspot.com

=============================

Remember, you are responsible for your own trading decisions, and I am not.  Please take ownership for your actions.

Regards,

pgd

Timers are Long, SP500 Resistance Needs to Be Overcome

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Summary

• Significant resistance at $123 on the SPY; we need to close above this else Katie, bar the (exit) doors....
• Short Term and Intermediate-termed timers are LONG
• LCR confirms LONG
• Pricing system confirms LONG

We probably should be long on any sign of weakness...

===============

SPY

I'm not a big believer of moon cycles, planet alignment, golden rules, or Fib analysis, but I certainly believe that the phenom exists because other people are constantly looking for correlations.  One correlation that seems to be particularly strong (right now, not always) is the Fib retracement level of 61.8%, which often reveals itself as support and resistance.

Take a look at the following chart, which shows both the $INX and SPY, the S&P500 on a weekly scale:

The top graph is of the SPY, and the bottom graph is of the $INX, which is the S&P500.  The two track each other exactly, as we expect.

What we see here is that we are encountering significant resistance at SPY = $123.00 / $INX = $1229.01; failure to close above this level in the near-term will be considered bearish and a failure of this bull-leg for many (including me).  I've highlighted previous areas where this has been an issue -- the more times we hit a resistance level without penetrating the greater the likelihood that the resistance level will hold.

We seem to be holding ....

Remember, this is a weekly scale.

So, if you believe in the above, take a look at the next graph:

The figure above basically shows the uncertainly in local support levels, on a weekly basis, for the SPY.  It essentially states that we could see support in the range of $117.22 to $117.92; failure to hold these levels would certainly be very bearish overall.

Food for thought...

=================

The LCR

The Long-Cash Ratio (LCR), which is a measure of how many of the stocks in the database have some form of LONG recommendation to those that have a CASH recommendation, increased for the previous week from 0.887 (1396/1574) to 1.816 (1758/968).  This is a large increase for one week, and suggests that it is time for a pullback.

Here's the LCR chart:

On the good side of evaluation, note that we now have the 5d > 8d EMA of the LCR, as well as the 8d > 13d.  This is moving in the right direction, and further movement where the longer EMAs are properly aligned is further confirmation of a bull leg.  Unfortunately, until we get this intermediate-length confirmation, we have to remain focused on the short term, and consequently, we'll have to be watchful of a bull-leg failure.

The middle of the figure shows the slopes of the LCR EMAs.  Friday was a great day -- all green.  This is an absolute requirement for any form of sustained bull leg, and we must continue this pattern (green) if we want the LCR EMAs to show proper alignment.  Simply look back in the past at this indicator and you'll see why this is a leading indicator relative to the positioning of the respective LCR EMAs.

The right of the figure shows the "slopes of the slopes" of the LCR EMAs.  We've had three solid days of green, which means that with the middle of the graph showing all green, that "the car is driving forward with our foot on the gas".  This is bullish, to be sure, and we need to participate.

From all LCR viewpoints, weakness on Monday is a good opportunity to purchase stocks long.  I plan to do so, discussion of the $INX / SPY notwithstanding.

===================

GGT Pricing

Friday, December 3rd, saw another consecutive day of increases in prices within the GGT database.  The price index moved upward another 1.82%, showing an increase in 4 of the 5 days of the week, which is bullish.  Despite this bullish price action, volume was up only on 3 of the 5 days, which gives me pause.  The net change for the GGT from Friday close to Friday close was from $26.52 to $27.97, or 5.46%.  This is a huge amount of change for 1 week.

Here's the pricing table:

As you can see in the figure above, the pricing EMAs are all properly aligned, with the 8d > 13d > 21d > 34d > 55d.  This is bullish.

The middle of the table shows that the slopes of the pricing EMAs are all pointing upward, which is bullish.

The right side of the graph shows that the slopes of the slopes of the pricing EMAs are all pointing upward, which again means "the car is driving forward and our foot is on the gas".

Next to the slope of the slope area is a new tracking that I am doing -- this is Bollinger's %B reading of the database.  Values of 1.0594 suggest an overbought level and that we are due for a pullback.  Note that next to this, in the rightmost position, is the GGT strength oscillator, which shows that we also relaxed on Friday from Thursday's level.  There seems to be a good correlation between the %B reading and the GGT strength index, which gives me further confidence in our tools.

What is significant about the graph above is that it is bullish across the board -- and now combined with the LCR analysis, indicates that we should move aggressively into long positions.

==================

The Timers

The Short-Termed LCR Change Timer is LONG, and has been since action on Thursday.  I have chosen not to chase this timer, and prefer to wait for it to reset into CASH and transition long prior to re-entry.

The Elder Intermediate-Termed Force Index Timer is LONG, and has been since action on Thursday.  This timer is indicating that we should purchase stocks for the intermediate-term on the LONG side.

To this end, here is my list of candidates for Monday:

SINA

ARUN

LTD

EBR

MOT

PAY

BPOP

AAPL

MELI

DECK

RIO

AZK

UBS

Many of these are overextended, so I will wait for a pullback in prices prior to entry.  I will enter with 20% positions to start, SP500 discussion notwithstanding.  Here's the Timer table:

===================

Trading Plan for Monday, December 6th

I intend to move into the aforementioned stocks on an intermediate-termed basis.  I am presently holding 20%  positions in the following stocks, and will add to them if they pullback and show signs of reversing:

HD

MI

RYAAY

PFE

WY

===================

Remember, you are responsible for your own trading decisions, and I am not.  Please do your diligence and take ownership for your actions.

Regards,

pgd

Elder Timer Confirms Long, Short-Term Timer Moves Long

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Summary

• The GGT Long-Cash Ratio continues to thaw -- we now have the slopes of the 5d - 34d EMAs on the LCR all pointing upward.  This is the first time that this has occurred since November 4th and can be considered bullish.  I'll call a full bull when the 55d and/or 65d slopes also turn green, which may happen within the next week. 
• The 5d EMA of the LCR has now crossed above the 8d EMA of the LCR.  Again, this tells us where we have been, not where we are going, but the action is bullish and is a necessary step in proper alignment of the EMAs ( we want 5d > 8d > 13d > 21d ...  which we don't have right now ....).  The "so what" here is that the sustainability of this next leg will be confirmed once all these EMAs are properly aligned; until they do so, we should be more short-term focused.
• The Long-Cash Ratio has jumped from 0.762 to 1.554 in three days.  This is an incredibly fast move in the LCR to the upside and shows broad participation in the pricing moves that are supported by volume.
• The GGT Price Index moved upward again another 1.18% on volume that is 11% above the 50d MA of volume.  This now is a three-day sequence of higher prices on higher volume, which is certainly bullish for the intermediate term, and potentially suggests an overbought condition on the short-term.
• The Elder Intermediate-Termed Timer has signaled long using both methods.  We should now start selecting purchasing equities using this method.
• The Short-Term LCR Change Timer has confirmed a move back to the LONG side.  Because this timer never reset, I will not chase and will not enter today.
• %B is overbought at 1.08, and suggests that we should wait for entry now for a pullback.

=================

General Comments

Three solid days of gains, the jobs report, and the day of the week (Friday) make me nervous about jumping into the market with both feet today.  I think that selective entry of stocks with lower %B (a rising tide raises all boats) with controlled positions sizes will be okay, but I am erring on the side that we should use a pullback to massively enter new positions.

If we look for the following combination:

• GGT New Longs
• Elder Force Index 13d > 0
• Elder Force Index 2d < 0

The list returns ZERO results.  We are overbought.  TODAY is not the day to enter intermediate-termed GGT positions.

I simply think it prudent to wait for a bit of a pullback before entering.  At least we now have a green light to enter.  Patience is generally rewarded -- chasing is generally punished.  I must keep reminding myself of this.

THIS BEING SAID, I like to watch good candidates, just to prove that I can still pick stocks that are appreciating.  Here's my list for today:

HD

MI
RF
GLW
WY
LXK
WYN
SD
DE
RYAAY
PAY
ORCL
ARUN
PFE
CBS
PSA
EBR
ADM


======================

Trading Plan for Friday

I intend to sit passively on the sidelines for most of the day, but may enter the positions above with a 20% position if they pullback then resume an upward movement.

=====================

Remember, you are responsible for your own trading decisions, and I am not.  Please do your diligence, take ownership for your decisions, and have confidence in your actions.

Regards,

pgd

Short Term Timer still Long-Cash, Elder timer still CASH

.
Summary

• SOME slopes of the Long-Cash Ratio (LCR) EMAs have started to point upward.  Specifically, the 5d, 8d, and 13d slopes are pointing upward.  All the longer slopes are pointing downward.  So for short-termed behavior, the selection of stocks to choose from is expanding, so we are bullish, and for longer-termed behavior the database is contracting, so we are still bearish.  I'm looking for a "row of green", which means that all of the slopes, 5d through 65d, are pointing upward.  We're only 1/2-way there, so according to the slopes of the LCR EMAs, we should err on the side of caution.
• ALL of the LCR EMAs are still negative.  This simply tells us where we are, not where we are going.  The universe of stocks has been contracting for a considerable time and this set of negative values simply tells us that "yes, risk is higher". 
• The talking heads have said that volume the last two days has been low.  I disagree.  Compared to the 50d MA of volume, the last two days have seen a 16% increase over the 50d MA (Tuesday) and +7% increase on Wednesday.  This rising prices on rising volume is bullish, and I'm encouraged.
• ALL of the pricing EMAs, through the 55d, are positive and properly aligned.  Again, this simply tells us where we have been, not where we are going.  Prices have been increasing, and this is bullish.
• ALL of the slopes of the pricing EMAs are pointing upward.  We put prices in the bank, so this means that our equity values should be increasing.  The obvious problem is that these pricing gains are coming on a tremendously smaller database of longs, so bullish selection of stocks has been difficult.  Nevertheless, the bear ice is thawed from where we are today, so risk is coming off the table.
• The short-term LCR timer is still in LONG-CASH mode, and if today is an up day according to the market's advance/decline line, we should see the timer move back to LONG.  I'm not going to chase this signal, as I prefer to only move into stocks when this transitions after resetting from CASH, which it has not done.  I personally would wait until tomorrow for interpretation and sit this out today.
• The intermediate-term Elder timer is still in CASH, although it depends upon what method we use to make that determination.  If we use a simple moving average (take 13 values, add them up, then divide by 13), then Elder is in cash because this value is negative.  If we take 13 values, apply an "exponential moving average" (weight yesterday heavier than 13 days ago), then Elder is positive.  Until these confirm each other I'd be cautious.  Confirmation may come as early as the close of today's action if today is an up day.
• The GGT universe %B value is 0.9351, which is high.  The likelihood of a pullback has increased, so we may see a good opportunity to jump in here.

===================

Top 25 Stocks

Being Thursday, I'm obligated to determine the new list of stocks and ETFs for the next week.  Recall that this portfolio is invested 100% of the time, between 65% full investment to 100% investment.

Here is the top 25 stock list:

PCLN

CMG
CEO
AZO
NFLX
CME
MTD
AMZN
RL
CKH
FFIV
MIDD
FCX
NOV
DRQ
BIDU
SLB
ETN
DECK
LVS
CSTR
MEE
NEU
NFG
TIF

Unchanged in position are (maintaining strength):

PCLN
CMG
RL

New additions to the list that were not in the top 100 last week (new because they have moved into a New Long/Affirmed Long/Long status within the last week):

CEO
CME
MTD
MIDD
SLB
LVS
NEU

Stocks that have risen in position (increasing strength):

CKH
FFIV
DECK
CSTR
TIF

Stocks that have fallen in position (increasing weakness):

AZO
NFLX
AMZN
FCX
NOV
DRQ
BIDU
ETN
MEE
NFG

Since inception on 10/28, the Top 25 stock portfolio is up 1.44%.    Since last week (11/26 start), the portfolio has increased 1.38%.  The worse maximum drawdown since inception is 5.28%.

Sell list (gain/loss since introduction)

ABV (-2.47%)
FOSL (+13.77%)
IBM (+0.24%)
MGA (+3.36%)
PH (+4.57%)
PXD (+7.90%)
UFS (-0.88%)
WLL (+5.10%)

Buy list:

CEO
CME
CSTR
LVS
MTD
NEU
SLB
TIF

================

Top 25 ETFs

There has been a large rotation in the ETFs; here is the new top 25 list:

AGQ
TQQQ
OIH
TNA
ERX
SOXL
PALL
MDY
SGG
SOXX
BGU
IJK
USD
RFG
TYH
MVV
IWO
IEZ
DIG
MWJ
VBK
XLE
UYM
IYT
IJT

New additions to the list that were not in the top 100 last week (new because they have moved into a New Long/Affirmed Long/Long status within the last week):


TQQQ
OIH
TNA
ERX
PALL
MDY
SGG
SOXX
BGU
TYH
DIG
MWJ

ETFs that have risen in position (increasing strength):


NONE.

ETFs that have fallen in position (increasing weakness):

SOXL
IJK
USD
RFG
MVV
IWO
IEZ
VBK
XLE
UYM
IYT
IJT

Sells (gain/loss for the week):
EWW (+1.29%)
GLD (+2.20%)
IJR (+0.83%)
IWR (+1.13%)
RTH (+1.42%)
SSO (+2.23%)
UPRO (+3.74%)
VB (+0.86%)
VBR (+0.85%)
XME (+3.89%)
XOP (+2.0%)
XRT (+0.65%)

New Buys:

BGU
DIG
ERX
IWR
MDY
MWJ
OIH
PALL
SGG
SOXX
TNA
TQQQ
TYH
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Trading Plan for Thursday

I'm in cash across the board, having locked in some gains yesterday.  I'm also in meetings all day, so I'll not be participating in the markets.  I will update the Top 25 Stock and ETF portfolios, which do buy/sell at market when entered.

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Remember, you are responsible for your own investment decisions, not I.  Please do your diligence and take ownership for your actions.

Regards,

pgd