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scanit
Posted : Friday, August 23, 2013 12:26:50 AM
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Joined: 10/25/2005
Posts: 145

FYI:  For those interested in short-term multi-day swing positions.

As of Thursday's close, we see nearly one-fifth of the SP500 stocks are positioned for a coordinated move.  Sectors with heavy representation include:

Insurance/Financials/Banks

Semi's/Tech

Air &Rail Freight

Media

The signal direction will come as soon as FRI, or we'll be waiting til next week.  For those wishing to play along, prior to Friday's close, take a look at (MS, BLK, ZION, FITB) as representatives of the broad group.  If you determine that they will close higher on Friday, then the signal dictates the broad group as a whole is expected to move higher over the coming days.  If these representatives close lower on Friday, then the signal direction will be postponed until next week.

Have a good weekend.

 

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