A blog post

Market Powers To New Yearly Highs

Posted on the 04 July, 2014 at 10:45 am Written by in Blog


Market ReviewComp July 4 2014

This will be an abbreviated review this holiday weekend,  The full market review will be provided next weekend.

The stock market continued its upward move with the NASDAQ advancing over 2% this week leading all three averages higher.  Indicator #6 was set to a “0” reading from a -1 as it

has not changed its value in six months.  This still leaves the Dashboard at a “3” bullish reading.  This can be seen in the table:

Dashboard-V2-July 4 , 2014

The Top 5 ETFs are doing well,  are aup 8.88% for the YTD as seen on www.dark-liquidity.com.

10% Correction Coming?

Some readers of this site are concerned about the market’s continued advance without having a 10% correction since October 2011.  The question I’ve been asked is

what do my indicators show regarding a possible correction of this magnitude and when will that correction occur.  Most technical indicator are showing a strong market or an overbought condition.

Thus, the market is still in an uptrend and could go even higher.  Nevertheless, the July through September period is typically the weakest time of year for the market.  So we may see a correction during

this time period.  But we won’t know until it occurs.   Therefore, every investor needs to have their stop LIMIT orders or trailing stops in place to protect principal.

Have a great July 4th weekend.


some comments

There are currently 2 of them
  1. Cario Lam 9 July 2014 at 8:40 pm permalink

    Hi Les,

    Looks like $COMPQ MACD, $NASI and $NASI MACD all had negative crossovers today. This would put the indicators at a “1” sell signal. I’ve noticed you don’t always changed the signal on the first occurence but waited an extra day. Why is that?


    • Les Masonson 9 July 2014 at 9:45 pm permalink

      Hi Cario,

      I wait for a definitive crossover not just one that barely crosses like the MACD crossover on the NASI. If the NASI crossover is deeper Thursday or Friday then I will issue a Dashboard Sell Signal of “1”. Yes, the COMP had s slight MACD crossover on Tuesday and a definitive one today. That leaves the Dashboard at “2” right now.

      Regards, Les