Daily Market Snapshot
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| Along with other factors, a drop in Apple sparked today's market decline. |
Volatility Indicator
(The Woody Indicator)
(The Woody Indicator)
Volatility spiked up. This is an early warning,
giving us reason to be a little concerned.
Market Direction Model
The market suffered some deterioration today.
Some columns changed from green, which is bullish, to yellow, which is neutral.
If we are going to get that much anticipated pull-back, now might be the time. After adding some positions in the morning, I quickly reversed coarse and lighten-up on risk assets after Apple began declining from its all-time high.
A decline of 3 to 5% could be in the cards. It will provide a buying opportunity in my opinion.
This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.
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