EQUITY - The short term model turned up strongly today from its buy signal yesterday. To remain constructive the rally will need to continue somewhat tomorrow. We don't need a whole lot just a positive close.
CORN - Grains continue to decline, but seem to be getting deeply oversold so I would not be shocked to see some type of rally in here. This should be a short term rally only as the intermediate term trend turned lower 2 weeks ago.
COCOA - Staged a rally today after the sharp sell-off yesterday. Looks like a dead cat bounce. Tomorrow will be the telling sign. I still think we have entered an intermediate term decline.
10 YEAR T-NOTE - On the weekly chart the 10 year note looks like it needs to decline, however on the daily it looks as if it should rally. Yin and the Yang. As the saying goes "When in Doubt, Stay Out"
CHCI - Stock simply cannot find any level of stabilization. It might be frustrating the buyers of the stock though as today looks like they finally threw in the towel. This is usually an indication of an intermediate term bottom. Time will tell on this one.
DVSA - Broke through the 39 day moving average with strong volume and price conviction. While I had anticipated a pull back of some sort it seems the stock has something else in mind. As usual, THE MARKET IS ALWAYS RIGHT!!
USU - Nice break above the previous high and a new high for this intermediate term advance. Very constructive and has more latitude to rally.
GM - The intermediate term advance is still in effect and should lead to much higher prices.
CORN - Grains continue to decline, but seem to be getting deeply oversold so I would not be shocked to see some type of rally in here. This should be a short term rally only as the intermediate term trend turned lower 2 weeks ago.
COCOA - Staged a rally today after the sharp sell-off yesterday. Looks like a dead cat bounce. Tomorrow will be the telling sign. I still think we have entered an intermediate term decline.
10 YEAR T-NOTE - On the weekly chart the 10 year note looks like it needs to decline, however on the daily it looks as if it should rally. Yin and the Yang. As the saying goes "When in Doubt, Stay Out"
CHCI - Stock simply cannot find any level of stabilization. It might be frustrating the buyers of the stock though as today looks like they finally threw in the towel. This is usually an indication of an intermediate term bottom. Time will tell on this one.
DVSA - Broke through the 39 day moving average with strong volume and price conviction. While I had anticipated a pull back of some sort it seems the stock has something else in mind. As usual, THE MARKET IS ALWAYS RIGHT!!
USU - Nice break above the previous high and a new high for this intermediate term advance. Very constructive and has more latitude to rally.
GM - The intermediate term advance is still in effect and should lead to much higher prices.
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