Sunday, August 27, 2017

The market hit the 100-day line early last week and then rallied strongly for one day and itís been downhill since with most stocks moving lower and just a few making gains worth trading. Itís a tough time of year and the market usually stays this way until the first week in October.

Letís start off with the S&P-500 and see how it looks tonight.

TBA = Technical Buy Area

My short term oscillator is moving up while momentum stocks are taking a dive. Very unusual to be sure, but that means other stocks are on the move that we don't typically watch like Utilities, Rails, and others that are generally too slow for us momentum traders.

Now on to leading momentum stocks.

Now on to a few Chinese stocks.

I hope to see you in the chat room Monday and then back here Monday night.

Daniel J. Zanger