The iBCM™ is BULLISH. Today’s BUY Strength™ reading was 1.3x stronger than the Daily Sell Strength™ but on a low reading. My Overbought / Oversold Oscillator™ is in OVERBOUGHT territory, but trending down to neutral.
Sentiment Indicator: Bullish
The above reading indicates that there are more people buying stocks than selling them, which is the fundamental [...]
The iBCM™ is BULLISH. Today’s Sell Strength™ reading was 2.2x stronger than the Daily Buy Strength™ but on a weak reading indicating very little selling pressure. My Overbought / Oversold Oscillator™ is in OVERBOUGHT territory, and advanced from yesterday.
Today’s weak sell reading is interesting and encouraging to the bulls. I think it’s possible we [...]
The iBCMâ„¢ is BULLISH, with all three of my indicators being bullish. Today’s Daily Buy Strengthâ„¢ reading was 3x stronger than the Daily Sell Strengthâ„¢ reading. My Overbought / Oversold Oscillatorâ„¢ is in OVERBOUGHT territory
Notes:
Considering that we only rallied 9 points on the S&P with light volume, the iBCM Daily Buy Strengthâ„¢ had a [...]
The iBCMâ„¢ is BULLISH with two out of three indicators being bullish, though one only by a thread. My Overbought / Oversold Oscillatorâ„¢ is in OVERBOUGHT territory.
Daily Buy/Sell Strengthâ„¢:
After an explosive day yesterday, today’s Daily Buy Strengthâ„¢ was subdued, though still stronger than selling by 2:1. I would have liked a little more follow-through.
Fairly [...]
The iBC Machine Daily Sell Strengthâ„¢ is really weak again today.
This tells me that both today and yesterday are normal pullbacks, not distribution. On any given Friday, there is some event risk getting long over the weekend, but since those events are unpredictable, I still think it’s a good idea to add on this dip.
The iBCMâ„¢ is net BULLISH, with two out of my three indicators being bullish. My Overbought / Oversold Oscillatorâ„¢ is in OVERBOUGHT territory. Please click the pictures below for more detail, and study it over a nice scotch. You earned it.
Daily Buy/Sell Strengthâ„¢
Today we lost 1.31% in the S&P500 with a sell strength of [...]
Daily Buy/Sell Strength Indicatorâ„¢ on the S&P500 over the last few years:
It got you out of most dips unscathed. Some ups and downs over time:
Avoided the China Meltdown in February of 2007
The iBC Machine Daily Buy/Sell Strength Indicatorâ„¢ backtested results:
3.1 profit factor, 32% ann. return per year. This strategy applied to Ultralongs, options [...]
To all who doubt The Machineâ„¢:
The Machineâ„¢ Flashback 6/10/2008, S&P at 1360:
“Bullish or bearish, and things certainly seem bearish, the The Machineâ„¢ will put one question to rest with certainty for you all.
If indeed we are fucked, we are nowhere near bottomed already.”
That was a money call, as the index shed 10% from that point [...]
The Machine has turned net Bullish, meaning a majority but not all of my indicators are bullish. There are several components I look at that measure daily, monthly and quarterly trends in the market. Obviously, the daily trends turn before the monthly and quarterly ones do, so there is some lag off the [...]
Buying pressure has currently eclipsed yesterday’s selling pressure.
