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
- 7/01: July 1st day, S&P up 30 of 34
- 7/03: Shortened trading day
- 7/04: Independence day, market closed
- 7/15: OE "Monday", Dow up 15 of 20
- 7/19: OE Day, Dow down 15 of 23
- Week after July OE, Dow up 15 of 25
- 7/31: July last day, Nasdaq down 12 of 18
- 7/31: July last day, S&P down 12 of 18
- 7/31: July last day, Dow down 13 of 18
- 7/31: FOMC
- 8/01: August 1st day, Dow down 18 of 26
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