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CHARTIST HOTLINE

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TREND1 Member Level  Tuesday, 01/08/19 06:15:54 PM
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CHARTIST HOTLINE
Tuesday, January 08, 2019

The market posted another impressive session with the small and midcaps leading the way. Since the December 24th lows, the Russell 2000 has surged 12.6%. This is reflected in the advance/decline numbers.
Advancing stocks led by close to 3.5:1 on the NYSE in today’s session. This marked the third consecutive day in which advancing stocks led by 2:1 or more and the fifth time in the last six trading sessions. The ten-day moving average of advancers vs. decliners is now up to 1.92.

A reading of 2:1 or more would trigger a momentum buy signal. There is a very strong possibility that it will occur tomorrow. Advancing volume has also been exceptionally strong.
The Chartist momentum indicator has such a great record that we are going to be hard pressed not to increase our exposure.

In the event of a momentum buy signal, we will have a special hotline tomorrow.
Our next regular hotline is scheduled for Thursday, January 10th, 3:00 p.m., West Coast Time.

All my posts are just my opinions. I receive no compensation for
posts. These posts are for entertainment purposes only. I may be
long or short or hold no position.
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