Borderline FL/FS Sell

We've got two signals, one from Friday and one from over the weekend. We'd expect to see weakness by Thursday at the latest. So far, no signs in price. Money flow, however, just went negative. Momentum will confirm a sell if we trade down much at all. This is short-term stuff. You KNOW they'll buy any dip in here, at least the first time. Mark

We've got two signals, one from Friday and one from over the weekend. We'd expect to see weakness by Thursday at the latest. So far, no signs in price.

Money flow, however, just went negative.

Momentum will confirm a sell if we trade down much at all.

This is short-term stuff. You KNOW they'll buy any dip in here, at least the first time.

Mark

Thanks Mark. Seeing some leaders starting to falter VST....D

I know its strong and all that, but this market is just very dicey - there is a serious down coming, there is simply too much put buying, too much distribution and too little cash. this week is a big bond offering week in corporates and while I have no idea when something is gonna trump the pump, i think there is something to be afraid of out there. today the airline stocks were leading the transports, this simply does not make any sense, and so much else makes no sense, except perhaps that the airlines are the easiest to move in that index, and as tomterrific said, trannies are setting up a dow signal buy, which could be a bull trap.

Mark, Would you be able to give me a hint on how you measure money flow? I fully understand possible proprietary issues here, but am always intrigued with this topic......with there being both a buyer and a seller, etc.. TIA

All I may say is I'm looking at a permutation of TICK. Mark

Thanks Mark!!