BATS:X   UNITED STATES STL CORP NEW
453 12 3
X of a Higher Low
timwest PRO
4 years ago
Nervousness about the S&P up here? Consider that VIX is up 5 points from a low, money flows are strongly out of stocks (and into bonds) and bullish sentiment is down in AAII surveys. Pre-election markets are often filled with fears and negativity. So, instead of predicting the market direction, just have many different chart patterns in your portfolio of trades, then you aren't as subject to the direction of the market. But, I will add that when VIX was low, I was pointing out short positions across the board (see previous recommendations). Now that VIX has lifted, it is time to look for some longs: X and POT. Drug stocks have been solid lately too.
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charttrader PRO timwest
4 years ago
What is your opinion regarding S&P at current moment?
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timwest PRO charttrader
4 years ago
I am working on it, as always. I appreciate you asking and will publish something shortly, perhaps tomorrow. The forecasts from months ago are still working pretty well for the DIA. Have you seen those?
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charttrader PRO timwest
4 years ago
See more details regarding VIX here:
SPY action AFTER VIX rises by 5 points
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