While clearly not the strongest signal we might imagine, this bullish signal for equities does coincide with forward looking signals generated by the 4 panel style box below.
In past weeks the Dashboard has shown a tendency to project signals ahead of market momentum by a day or two. While this is certainly a great record, it's also frustrating to enter positions prematurely and suffer short term drawdown until the market complies. As a result, I've been fine tuning the z-score algorithm with the goal of eliminating this problem.
Stay tuned for a new version of the PDQ.
Volume continues to be very thin, further compounding the difficulty of assessing the value of technical signals.
As a risk management fallback tactic I'm focusing strictly on daytrade setups, especially the VXXEN, which has proven itself to be a easy-peasey way to trade for me . . . always wait for the cross.