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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Friday, May 12, 2017
Positive bias still in force
In my last post, I mentioned the possibility that the longer-term trend might change based on my macro indicator. Since that time, however, the indicator has not deteriorated further. Thus, I am confident that a positive bias over the longer-term will stay in force until the Spring of 2018 at minimum. In the short term, there still remains the possibility of a pullback into June. Current weekly RSI charts support this opinion.
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