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Tony Roylance
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I am a St. Louis-based independent and fee-only Registered Investment Advisor (RIA). My passion is market research and strategy development. I look forward to talking with other investors and traders. I am always up for a chat about the market, feel free to contact me at... More
My company:
MCR Capital Management
My blog:
MCR Capital Management
  • MCR Capital Management Weekly Market Report For Week Of September 9, 2013 0 comments
    Sep 10, 2013 11:27 AM

    The MCR Composite Indicator is still maintaing a long position in the market. This has served us well over the last few weeks as many contributors on Seeking Alpha wrote bearish articles advising that readers "take profits", and "be cautious", going into the month of September. They cited numerous "Hindenburg Omens" and the seasonality that September was a dangerous month in the market.

    However, my articles advised people to Don't Panic, and that (then) was probably not a good time to sell.

    It turns out that we were right. While the bad news and warnings from the media and others were swirling around us, we looked at the data from the indicators and came to the conclusion that the big well-informed, well-connected, institutional money was not selling. And so it is again, this week.

    (click to enlarge)

    Disclosure: I am long MDY, MVV, SPY, IWM.

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