Follow signals from the Prophet4Traders system to identify turning points in the U.S. stock market
The purpose of this site is to share results of a trading system that I use for identifying both long-term and short-term trading opportunities. I take the time to do this because of my passion for investing and helping others succeed. The system helped me avoid the "Crash of 2007/2008" and every major correction since then. The cornerstone of my trading system are analyses of market liquidity to gauge longer-term market sentiment and equity and index options (put/call ratios) to identify short-term entry and exits.
This site is for information purposes only. Past performance of the trading system is not a guarantee of its future success. Please consider consulting a qualified investment adviser before making investment decisions.
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Saturday, January 7, 2017
Full steam ahead with only minor bumps
Hello everyone. I haven't written because I don't see any major events on the horizon. As I stated in my last post, I'm fully invested. With that said, if you are wondering about entry points going forward, there might be a pullback upcoming as the weekly RSI has carved out a negative divergence. Other than that, my macro indicator is showing some weakness going into late June. However, this weakness might only be short-term so I wouldn't necessarily wait until this time; rather, I would buy on any pullbacks because 2017 is shaping up to be good year according to my macro indicator.
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