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The Market Navigator remains in a Power Trend, however the Nasdaq broke below the 21-ema. Price remains above the 50-sma.
The exposure count dropped 3 points this week from 7 to 4.
The distribution day count increased by 1 this week to 5. This puts the Nasdaq 1 distribution day from a full distribution day count.
Earnings season is in full swing and there have been plenty of winners and losers. One of the winners so far has been VRT 0.00%↑. I’m using a precedent from 2013 to handle this stock. Watch the video below to see which stock it is, my market analysis and what I’m watching now.
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The content presented is for informational and educational purposes only. Nothing contained in this newsletter should be construed as financial advice or a recommendation to buy or sell any security. Please do your own due diligence or contact a licensed financial advisor as participating in the financial markets involves risk.