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
- 03/01: Mar 1st day, S&P up 16 of 24
- 03/10: Daylight Saving Time begins
- 03/11: OE "Monday", Dow up 25 of 36
- 03/15: OE Day, Nasdaq up 7 of 9
- Week after Mar OE, Dow down 22 of 36
- 03/28: Mar last day, Dow down 21 of 33, Russell 2000 up 25 of 34
- 03/28: Before Good Friday, Nsdq up 21 of 23
- 03/29: Good Friday, market closed
- 04/01: Apr 1st day, Down & S&P up 21 of 29
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