A big break down finally comes in. If not due to index balance volume of Friday, it will be 300+ day on down side today. As a result primary indicator turn red, which is a confirm bearish signal.
Although in past 2 years, it does not work well and market actually tend to bounce at this level, but we shall follow this signal as it is. Because whipsaw period will ultimately over, follow the signal will make sure to catch next big trend, the loss in whipsaw period will justify.
Most of top 300 momentum stocks are broken. Let's see if a serious bear market is coming. (The more times primary signal fail, it is closer to finally work- will be bad for my 401K if real correction)
Market Monitor
Industry Rank
Best: SGYP WAC RENN QCRH
Rest: DY AGX
MA120: INTL VRX PANW
MA60: SKX ELNK NVEE
B/d from yesterday: EGRX ONTY SGU HMST DY ACET HIL
Good setups in past 5 days: DMRC
[EP Analysis]
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