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John Nyaradi's  Instablog

John Nyaradi is publisher of Wall Street Sector Selector, (www.wall-street-sector-selector.com) an online newsletter specializing in sector rotation trading using Exchange Traded Funds. He is also Senior Vice President, Marketing and Private Client Services for ProfitScore Capital Management,... More
My business:
Wall Street Sector Selector
My blog:
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  • A Short But Volatile Week: Expect More of the Same Ahead
    As expected, it was a short but volatile week that ended virtually flat from last Friday’s close.
     
    But in spite of the gyrations, the markets remain in solidly bullish territory as indicated in the two charts below.



    chart courtesy of www.StockCharts.com
     
    More »
    Tags: DIA, SPY
    Nov 27 08:46 pm | Link | Comment!
  • Dropping Through Support
    Markets remained schizophrenic this week with Monday’s big rally on better than expected retail sales giving way to some pessimism later in the week as economic and earnings reports came in below expectations.
     
    After going sideways all month and then breaking through 1100 on the S&P 500, the market almost immediately gave back that critical level which should have been strong support and so this action would have to be considered bearish short term.
    More »
    Nov 22 01:28 pm | Link | Comment!
  • Mixed Signals
    The markets remain mixed this week as the general indexes bounced off their recent lows and tried again to challenge, but failed to break out of the upside of the recent trading range.
     
    Looking back at the past 30 days, we see leadership in diverse sectors like China and Short Financials so it’s easy to see the cross currents flowing through this market as people try to figure out if the rally is dying out or gathering new force to break higher above the 1100 level on the S&P 500.
    More »
    Nov 15 04:52 pm | Link | Comment!
  • Where to Next?
     
    We remain in the "Red Flag" mode, expecting lower prices ahead, although that could change at any time in today's crazy world. 

    We still have “sell” signals on most of our major indicators as we oscillate in a relatively narrow trading range.

    Here’s a picture of what the last month has looked like:

     
    More »
    Nov 08 11:05 am | Link | Comment!
  • Red Flag Flying
     
    We go to “Red Flag Flying” status this after last week’s sell off and the technical damage done to the major indexes and sectors. We expect still lower prices ahead. 

    The markets remain overvalued and clearly investor sentiment has dramatically changed over the past few days. As fast as this market has climbed, it’s perfectly plausible to imagine an unwind that could be just as fast and aggressive.
     
    More »
    Nov 01 07:36 pm | Link | Comment!
  • Hitting the Ceililng?
    This week found us in cash as the markets appear to be hitting the ceiling at approximately 1100 on the S&P 500.  We remain in "Yellow Flag" mode and expect choppy prices ahead.
     
    More »
    Oct 24 11:23 pm | Link | Comment!
Full index of posts »
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  • $RWM, $PSQ, $SH we expect lower prices ahead
    Oct 04, 2009
  • $FXP, $SH We are in the "Yellow Flag Flying" mode, expecting choppy to lower prices ahead.
    Aug 31, 2009
  • The market remains extemely overbought and due for a correction. But panic buying is in the air. $iyr $eem $slv
    Aug 08, 2009
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DIA, GLD, IVV, SLV, SPY, XLF

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  1. An Ugly Messy Market (1 Comment)
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