We Don’t Need No Consumer Confidence

Our Sell Bias that we’ve held for weeks sticks as heavy selling Tuesday gave us a sign that institutions aren’t supporting this market.

Of course, the news was weak Consumer Confidence. But it’s usually the case that our signals front-run these episodes.

As long as the major indexes struggle to stay above the 50-day averages we’re Bears.

Advertisements

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: