No Picks One Week Out... Hmmm

For the first time since the Short Term Trader Report has been published (mere months), for the one week period, there are no picks. In similar situations, like this using other forecasting algorithms I've come up with, the market generally makes a strong move. It appears the market topped last week so maybe we should expect further moves to the downside or that the collapse of the markets over the last 3 days is complete. So no action on my part until the report goes back to being more sure.

From the subscriber's report, out of 200 ETFs tracked $QLD has the highest buy value of 6.61. That value is well below the BUY indicator threshold of 7.5. On the sell-side, $DBC has a value of 2.77, which just barely misses the sell threshold of 2.5,


Author: joe