The Zweig/Ned Davis/RedlionTrader systems went back to cash on Friday’s close based on a weekly loss of 4%. This last trade has been the systems first loss since trading started in March of 2009.
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The Zweig/Ned Davis/RedlionTrader systems went back to cash on Friday’s close based on a weekly loss of 4%. This last trade has been the systems first loss since trading started in March of 2009.
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Yesterday’s terrible A/D line combined with the week of weakness has put the Zweig into oversold mode where it hasn’t been in 67 days trading days.. It is at the bounce level but with Thursday’s extraordinary price action an opening sideline stance is probably a good call. Wait and see what the volume sentiment...
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This chart might be hard to read just click on it to enlarge it. This is the Zweig Breadth chart for the Russell 2000 since the March 2009 bottom. The measurements on the bottom are the number of days between the indicator hitting oversold. That first thrust ran a 45 bar/65 day...
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After being out the the market since Oct 30th, the thrust from last week has triggered the 4% trading system into entering long into the market. Tracking live now for over 225 days the Ned Davis/ Zweig trading systems with some RedlionTrader tweaks has re-entered into the Rydex 2x Russell 2000 ETF (RRY). A...
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I haven’t been posting shots of the Zweigs lately because they simply have been boring. Sitting in the neutral area they have not moved to overbought or oversold. The lack of Advance/Decline patterns (which mimicked the price action) made for a very difficult call on the direction of the breakout. We still have not...
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Wanted to try again doing a video to go over the charts using different software this time.. Enjoy.. Check out our trading website at http://ttthedge.com or visit us starting Sunday night at http://ttthedge.acrobat.com/Traders Thank you for subscribing.
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Nothing to say here that hasn’t been said over the last 28 days.. Hey isn’t that a movie 28 Days? Thank you for subscribing.
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.. it just languishes here.. there is no movement or break toward the upside or the downside. I did do some looking last night and found out that the indicator often spends a large amount of time in this neutral area. It appears that there is a higher probability of moving into oversold when...
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The Zweig is now 26 days since being either overbought or oversold. although not that unusual it is the longest since the March 9th rally began and is another indication that this market is changing. Thank you for subscribing.
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Something has to give here.. All we can do is scalp during the day for a few cents while we wait for either the bulls to take control or for the bears to dominate. The other of my breadth indicators are setting up to really test this market tomorrow. With a strong open the...
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