Thurday July 6 2023
NYSE A/D
Here is today's update on the Advance Decline line of the unweighted NYSE index. We speculated it was close to topping and looks like today was it. Note the much lower PMO at the bottom, the lower RSI at top, and a lower low in the indicator itself than February.
Time to enter our bear fund HDGE
This is correctly the opposite of a stock index which, pick one, just made a high. TIme to buy.
The long term potential here is huge, if you agree that the markets need to return to their 200 month Moving Average.
The broker dealer index is a great indicator, literally the pulse of the street.
Again lower highs in the index and the momentum at bottom, down 1.54% today.
TBF is a bear fund for bonds, it rises when bond prices fall. It makes sense that bond prices begin falling with stock prices, which means interest rates are rising, it is all connected. TBF is up 1.36% so all are in synch about 1.5% lmoves.
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