Tackler's trades

[Arctec]

The Dow closed above 13000, confirming the breakout, after a short retracement respected the new support level at 12800 — signaling buying pressure. Twiggs Money Flow holding above zero confirms the buying pressure signal. Reversal below 12800 is now unlikely and would warn of another test of 12000/11750.




Long Term: Dow purists may disagree (the January reaction only lasted 8 days but retraced roughly half of the previous decline) but the breakout should be treated as a reversal of the primary trend. The signal has now been confirmed by the S&P 500.



The Volume Oscillator (63,5) highlights unusual activity levels. A large spike in January shows strong support at 12000. The March spike, on the other hand, shows resistance. However, the index continued to rise, indicating that sellers were overwhelmed by buyers. We would normally see a similar pattern at the April breakout, but low levels indicate an absence of sellers, who would normally be expected to recoup some of their earlier losses as prices recovered. These potential sellers remain in the wings and could strengthen resistance at the previous high of 14000.