Sunday, October 27, 2019

Friday Update

“Trade what you see; not what you think.” – The Old Fool, Richard McCranie, trader extraordinaire.

Here’s a short post on the NTSM indicators. (I return to full analysis in late November.)

FRIDAY’S DATA
My daily sum of 20 Indicators slipped from +6 to +4 (a positive number is bullish; negatives are bearish) while the 10-day smoothed sum that negates the daily fluctuations remained +48 (These numbers sometimes change after I post the blog based on data that comes in late.) A reminder: Most of these indicators are short-term.

I remain bullish.

FRIDAY MOMENTUM ANALYSIS.