In my last post, I wrote about the possible appearance of a rare Zweig Breadth Thrust buy signal this week (see The 2016 macro surprise that no one talks about). Tuesday was the last day in the 10 day window for the ZBT buy signal to be triggered. Alas, it doesn't seem to have happened.
So where does that leave us? The near term outlook for the bulls is still constructive, as the market has rallied through a key downtrend line (shown above). Moreover, we are still in a period of seasonal strength.
However, bullishly oriented traders should be wary about overstaying their welcome. The Santa Claus rally was nice but the party is starting to get out of hand. The neighbors have called the cops and they are due to arrive very soon.
The full post is at our new site here.
If you signed up for the notification of our Early Bird Special Offer but did not receive it, I have had some reports that they got classified as spam so please check your spam folder. Otherwise you can email me at cam at humblestudentofthemarkets dot com and I will send you the link.
As well, I would like to remind readers that we will cease to accept new subscribers as of January 15, 2016 as a way to better control the growth of our new community. Hurry, the deadline is coming up faster than you think.
Millennials Don't Consider Themselves Adults Until 30
24 minutes ago