THIS IS A BEAR MARKET? WHERE IS THE SELLING?
Apr. 12, 2016 9:45 PM ET
What's going on here? There are many good reasons to be bearish. Why is the market so bullish?
Every weekend I look at hundreds of monthly charts. Looks very bullish.
Every day I run reports of my trading systems. My EMV trading system is up 22% so far this year. Look at today's report -- this at a time when the markets are trying to top. I color-coded Column 3, PROP1, into those issues in the BUYING ZONE (NASDAQ:BLUE) and those issues in the SELLING ZONE (RED). There are no new signals today; a couple new signals from yesterday. ALL of the shortsell positions are in inverse ETF positons -- so they are, in fact, bullish. In fact, ALL of the positions in this report are LONG, CLOSED LONG POSITIONS. There is one closed short position, LIFE. We will ignore the signals to buy TOO and WMB because they are still enmired in the SELLING ZONE.
|Symbol||Close||PROP1||Position||New Trades||New Trades||COMPANY|
|UWTI||27.3||19||Long||* Crude Oil Bullish ETF 3x|
|LBJ||76.5||15||Long||Enter Long||* Latin America Stocks Bullish ETF 3x|
|BBD||8.3||7||Long||Banco Brandesco SA|
|ERX||25.75||5||Long||* Energy Stocks Bullish ETD 3x|
|GASL||33.314||5||Flat||* Natural Gas Stocks Bullish ETF 3x|
|LABU||32.43||5||Flat||*** Biotech Bull 3x|
|AGQ||36.15||3||Long||Ultra Silver Leveraged ETF (Pending:BULL)|
|CHK||6.03||3||Long||Enter Long||Chesapeake Energy|
|HGSH||2.26||3||Long||HGS Realty China|
|UHN||13.7||3||Long||Heating Oil ETF|
|USLV||14.71||3||Long||* Silver Stocks Bullish ETF 3x|
|USO||10.65||3||Long||United States Oil|
|APO||16.39||-7||Long||Apollo Global Management|
|LIFE||3.84||-17||Flat||Exit Short||TYR Pharma|
|DRYS||2.17||-19||Flat||Dry Ships Daily|
|EDZ||34.08||-19||Short||* Emerging Markets Bearish ETF 3x|
|GASX||14.829||-19||Short||* Natural Gas Stocks Bearish ETF 3x|
|TOO||5.83||-19||Long||<-||Teekay Offsore Partners|
|DSLV||38.93||-21||Short||* Silver Stocks Bearish ETF 3x|
|DUG||57.03||-25||Short||Short Oil and Gas ETF Daily|
|DWTI||111.63||-25||Short||* Crude Oil Bearish ETF 3x|
|ERY||19.71||-25||Short||* Energy Stocks Bearish ETF 3x|
Bear Market. I really don't see it.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.