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
- 5/01: May 1st day, S&P up 18 of 26
- 5/01: FOMC
- 5/13: After Mother's day, Dow up 18 of 29
- 5/13: OE "Monday", Dow down 7 of 13
- 5/17: OE Day, Dow up 15 of 23
- 5/27: Memorial day, market closed
- 5/28: After Memorial day, Dow down 7 of 9
- Memorial day week Dow down 16 of 28
- 6/01: June 1st day, Dow up 28 of 36
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