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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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tradewithZEN
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  • Markets Remain In Risk On Mode 0 comments
    Feb 7, 2014 5:05 AM | about stocks: EMA, SPY, AGG

    By Jeff Pierce

    As long as this weekly chart stays above 50 EMA and RSI trends between 80-40 the market will continue to risk. This chart shows risk on (when going up) S&P relative to aggregate bond market ETF. Ratio is rising stocks are in demand relative to bonds. when it's falling (risk off) bonds are in demand relative to stocks.

    There's even a little more room for the markets to fall should the jobs report not be as optimistic as I'm sure investors want it to be. I've been a buyer of stocks over the last few weeks as stocks I've been targeting fall into my buy range. Today was a nice rebound, but it's all going to hinge on a investor's reaction to a manufactured report tomorrow morning. Going short just isn't an option right now as the market's trend hasn't officially turned and should the really be a market top we're putting in there will be plenty of time to make profits on the bear trade. Picking a top is just as hard as picking a bottom as there are plenty of broken egos that prove that.

    Stocks: EMA, SPY, AGG
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