Daily Market Snapshot
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| Getting Better Bulls are winning |
The Woody Indicator
(Volatility Indicator $VIX)
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| Volatility has come down into the safe zone once again. This is bullish |
Market Direction Model
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| - Getting Better - More Green as Numbers Increase |
I added positions in all Model Portfolios today as our market indicators strengthened.
It is earnings season. Individual stocks are being pushed up or down in a big way depending on these earnings report releases. So far the results are about 60% positive and 40% negative.
Should the market really be rallying on this news? Fundamentals, i.e., company earnings, are extremely important when evaluating individual stocks. When it comes to market direction however, the technical, i.e., price and volume, aspects trump fundamentals.
Markets often defy logic. This is the reason so many smart people have trouble investing successfully. As you are well aware by now; I always let the market be my guide; when the music is playing you got to dance.
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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