OBOSS closed at an extreme level today which indicates the market is getting over bought. Protecting profits are job # 1.
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OBOSS closed today at the semi extreme level of 2.3 This indicates that the market is getting over bought. The market is in a strong up trend and we should protect profits by following portfolio sell rules. Usually when the market gets to this level we see pull backs which provide great buying opportunities . . . → Read More: OBOSS Market Timing 4/27/2011 “OBOSS at 2.3″ 2.0 is the level we’ve been waiting for and also indicates that the market is starting to get a little over bought. Our job now is to protect profits by following our portfolio sell rules. Depending on your strategy you can start taking some profits at price targets (scale out slowly) , sell calls . . . → Read More: OBOSS Market Timing 4/26/2011 “OBOSS at 2.0″ There is no excerpt because this is a protected post. There is no excerpt because this is a protected post. OBOSS closed last night (4/25/11) at 1.47 which indicates that the longer term up trend is building momentum. We will need to keep an eye on OBOSS as it gets over 2.0. Hopefully you were able to add to good positions and find value stocks to purchase when the market was down. Now our . . . → Read More: OBOSS at 1.47 OBOSS closed at 1.59 today. This indicates that the rally is gaining strength and we are working our way towards the upper end of OBOSS’s range. We are buying the dips until we get to the 2+ area which will indicate the market is getting over bought. OBOSS could easily bounce around at this . . . → Read More: OBOSS at 1.59 OBOSS closed at 1.2 today which indicates the rally is still alive. We are now entering levels that gave us trouble before. Let’s see if the bulls can take the market to a new high. Today the S&P 500 closed above the 50 day moving average which is bullish. The longer term trend line . . . → Read More: OBOSS at 1.2 There is no excerpt because this is a protected post. |
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