The following screenshot is from Bespoke weekly report. In my opinion, a Golden Crosses, is always a short-term sell signal because we all know that Moving Averages crossover (as well as MACD buy/sell signal) is a lagging signal therefore if you follow it the way it’s supposed to be, i.e. long when bullish crossover while short when bearish crossover, you’ll have lots of whipsaws, so why in most cases, trade against it?
Trader's Calendar
- Major U.S. Economic Reports are HERE
- 11/01: Nov 1st day, Dow up 10 of 13
- 11/01: FOMC meeting
- 11/05: Daylight Savings Time ends
- Week before Nov OE, S&P up 8 of 13
- 11/13: OE Monday, Dow up 12 of 18
- Week before Thanksgiving, Dow down 5
- 11/17: OE Day, Dow up 14 of 20
- 11/23: Thanksgiving, market closed
- 11/24: Shortened trading day
- 11/30: Nov last day, S&P down 16 of 24
- 12/01: Dec 1st day, Nasdaq down 7 of 10
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