Seeking Alpha

Tony Roylance's  Instablog

Tony Roylance
Send Message
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.

Back To Tony Roylance's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Most Commented
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.