SIGM has also shown excellent relative strength, there was an RSI positive divergence at the lows and it's crossing the 50 m.a.
My moving average crossover screen that I use to prevent false signals went long on all 3 components.
Finally my Trend Channel held the downtrend and has held the entire move up thus far, even in a flat market. ADX signaled the end of the downtrend when it crossed down from above 40 and it is now at a level consistent with the start of a new trend. I like the trade here with the stop channel, but ideally I'd like to give the initial stop a little more room n case of a head fake.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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