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Signal Time

6/13/2014 5:52:11 AM

Good morning Traders,

Thursday's trade set up the potential for a move lower, accordingly, we'll move into Sell Mode, so based on our indicator, we would short the Q's here.

Daily Stock Barometer QQQ Trader Chart

We're in the process of adjusting some of our services, so the specific trading advice will be coming out of our QQQ Trader Newsletter.

What makes us more confident:

QQQ Relative Strength versus Bonds Spread Chart

And since it's Friday, let's take a look at money flow:

The first chart is the weekly data. We've been analyzing this data for long enough to be able to make some pretty strong conclusions.

Equity Fund Money Flows Chart

Bigger picture, while money flow is a better contrarian indicator because it tends to chase performance, cumulative money flow is a good read on the overall health of the market. It's too early to make a longer term bear call...

Cumulative Equity Money Flows Chart

As we transition the DSB article to oversee all our trading services, here's an update on gold:

Gold Put/Call Ratio Chart

As you would expect, gold's advance has triggered a bunch of call buying in gold and technically speaking this could reflect a triple bottom, but we're not there yet. Let's see how efficient this move is before we consider positioning for a much larger move higher.

Same on the QQQs. While we're in the window of a reversal that extends through the end of the month, tops are very difficult things to call, so we'll be patient and apply stops accordingly.



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