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TREND1 Member Level  Tuesday, 01/08/19 06:15:54 PM
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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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