Two Market in the Stretch Extremes - Against the Trend

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Financials - Bullish Stretch (Oversold)
This recent sell off was possibly due to the fact that the increase in interest rates were not announced by the FEDs.

Gold Miner - Bearish Stretch (Overbought)
This is a great example of violating co-relation with Dollar, we still had some co-relation to the Market.

Like I said previously in a post - As Long as Oil is getting destroyed (destroying many dreams), The market will have huge swings, Safe havens cannot be Cyclicals and not at all in the Sensitive. Utilities will be the safest best for now.

The Strongest Utilities - PCG and CMS . Wait for pullbacks.

This is interesting. Individual names from the sectors. I am not expecting XLF to make new high. I am expecting it to visit the High Interest zone.
XLF - AIG , AXP , BK , DFS , GS , JPM , MS , MET
GDX - NEM , KGC same with GDX - no new lows expected (if it happens its a bonus)
Who called the Top and Bottom? Ucs Momo Oscillator. Remember, Overbought and Oversold is Relative to one's perspective. Make the Math do the work.... Rather than you trying to guess or look for xyz teacher, who is robbing every follower.
2use ucsgears
I follow this chart and indeed good job on both!
+1 Reply
what a great system, please how can i have it?
ucsgears Ubtessy
The Indicator is available for free. I am not releasing the System just yet. The System is coded to pick the stocks based on a rating indicator, Which is currently being worked on. Working into more optimization and to see a future scope for development, into a complete trading system.

I developed this in 2013, shelved it and focused on developing the ultimate squeeze Indicator latter part of 2014, and RSI Breakout in the early 2014. These work extremely well in certain markets. Applying the wrong strategy in wrong market is a invitation for diaster. So use the UCS_Momentum Oscillator for now with other confirmations.
Sorry, I meant Sectors. Here we go again - The Stretch Strategy using the UCS_Momentum Oscillator. This Indicator has been significantly upgraded. The next version will tell you, when to trade pullback and when to trade divergence. So far live trading this, has been a good premium selling on options. Will try buying calls / puts. Hope this still holds good.
ucsgears jangseohee
Money is currently flowing in Utilities - Might not be far away.....
+1 Reply
jangseohee ucsgears
flight for safety, last call :-)
ucsgears jangseohee
Remember, when market changes it norm suddenly, there is an unexpected event that happens. Reversion to the mean. Thats a good time to load.
+1 Reply
jangseohee ucsgears
SPX reverse to mean soon?
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