After all the back and forth in Washington OBOSS closed the week in neutral territory which indicates that the current trend in the market should stay intact . Review SPY’s 50 day moving average to see if the market is trending up or down and trade accordingly. Right now SPY’s 50 day moving . . . → Read More: OBOSS Market Timing 07/29/11 ‘OBOSS at 0.52′
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OBOSS closed in neutral territory again today which indicates the odds favor further declines as the trend continues. We are watching SPY to see where support will develop. It looks like a test of the 200 day moving average on SPY is possible. On 7/18/2011 I wrote about a potential trade using TNA. Link to prior article29 Today TNA hit our target price of 75 a share where we will review OBOSS and see if it is good time to consider going long the ETF. OBOSS indicated today that TNA is currently trading at fair value so . . . → Read More: Example trade follow up… OBOSS closed today almost exactly on the neutral line. Considering the market action this week a neutral reading might seems strange, but what this really tells us is the buying and selling are coming in at healthy levels and one side isn’t being over done. Some people might feel the market is over sold . . . → Read More: OBOSS Market Timing 07/27/11 ‘OBOSS at -.04′ OBOSS indicates that the current trend should stay intact as it is in neutral territory. Review SPY’s 50 day moving average to see if the market is trending up or down and trade accordingly. OBOSS indicates that the current trend should stay intact as it is in neutral territory. Review SPY’s 50 day moving average to see if the market is trending up or down and trade accordingly. We are watching SPY to see if it can break out above 133 and hold this level as proof that . . . → Read More: OBOSS Market Timing 07/25/11 ‘OBOSS at 1.29′ OBOSS closed the week out very close to over bought territory. Let your winning positions run. Keep an eye out for any extreme moves in the market to the upside which might push OBOSS into extreme levels. Next week should prove interesting as Washington works on the budget ceiling. Look for some volatility around . . . → Read More: OBOSS Market Timing 07/22/11 ‘OBOSS at 1.64′ OBOSS indicates the market is getting close to over bought territory. Let your winning positions run while keeping an eye out for any extreme moves in the market to the upside. Protect profits! OBOSS indicates that the current trend should stay intact as it is in neutral territory. Review SPY’s 50 day moving average to see if the market is trending up or down and trade accordingly. Auto generated message brought to you by the OBOSS Bot OBOSS indicates that the current trend should stay intact as it is in neutral territory. Review SPY’s 50 day moving average to see if the market is trending up or down and trade accordingly. |
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