Sell Signals

Sell Signals

Steady selling all week in this first business week of the fall season, together with a close below the 21-day EMA on the S&P 500 index, is cause enough for the Founders Group to return to an all-cash position, exiting all of our calls in the XLF, XHB, XLE, IWM, and QQQ. While these positions are not violating their 21-day lines, we appear to be heading into the 80-day cycle low a bit early. We are getting little, if any, lift from the 20-day dip. These other sectors are likely to join the fray, and we don’t want to wait until the last minute. We will regroup over the weekend.

AF. Thornton.

AF Thornton

Website: https://tradingarchimedes.com

A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.

Subscribe!

Free Blog content and videos delivered to your email.

Health and Wealth Podcast Coming Soon!

We value your privacy, never sell your information, and detest spam!