Buy Signal

Stocks formed a bullish reversal on Monday.

Monday was day 33 for the daily equity cycle, placing stocks in their timing band for a DCL. We will use a swing low and a close above the 200 day MA as our signal that Monday was the DCL, using the 200 day MA as our stop.

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 )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.