• 725 days Will The ECB Continue To Hike Rates?
  • 726 days Forbes: Aramco Remains Largest Company In The Middle East
  • 727 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,127 days Could Crypto Overtake Traditional Investment?
  • 1,132 days Americans Still Quitting Jobs At Record Pace
  • 1,134 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,137 days Is The Dollar Too Strong?
  • 1,137 days Big Tech Disappoints Investors on Earnings Calls
  • 1,138 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,140 days China Is Quietly Trying To Distance Itself From Russia
  • 1,140 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,144 days Crypto Investors Won Big In 2021
  • 1,144 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,145 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,147 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,148 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,151 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,152 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,152 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,154 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Stock Barometer

Stock Barometer

Stock Barometer

Stock Barometer is completely independent. We have never and will not ever accept compensation from any company whose stock we recommend. Our goal is to…

Contact Author

  1. Home
  2. Markets
  3. Other

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.

Regards,

 

Back to homepage

Leave a comment

Leave a comment