Fed Meeting Out Of The Way

Todd Butterfield Market Opinion-Free Leave a Comment

Wednesday, March 15, 2017 What To Do? Short Term Short-term bears should stand aside or stay short stocks with relative weakness.   We are continuing to hold some shorts as there is many stocks showing relative weakness. Short-term bulls should stand aside. Intermediate & Long Term: Intermediate and long term positions to the upside should be maintained. There are no intermediate or long term opportunities to the downside. Market Trends: Intra-day: Down Short Term: Sideways Intermediate Term: Up …

Reaction Continues

Todd Butterfield Market Opinion-Free Leave a Comment

Wednesday, March 8, 2017 What To Do? Short Term Short-term bears should stand aside or stay short stocks with relative weakness.   We are continuing to hold some shorts as there is many stocks showing relative weakness. Short-term bulls should stand aside. Intermediate & Long Term: Intermediate and long term positions to the upside should be maintained. There are no intermediate or long term opportunities to the downside. Market Trends: Intra-day: Down Short Term: Up Intermediate Term: Up …

Wyckoff Wave Falls Off Of New Highs

Todd Butterfield Market Opinion-Free Leave a Comment

Thursday, March 2, 2017 What To Do? Short Term Short-term bears should stand aside or stay short stocks with relative weakness.   We are continuing to hold some shorts as there is many stocks showing relative weakness. *We had been short Caterpillar (CAT) for our ProTraders as it was showing considerable underperformance versus the Wyckoff Wave’s recent rally.  We should have been stopped out with losses last two weeks, as we have with some short …

Stocks still at the highs…

Todd Butterfield Market Opinion-Free Leave a Comment

Wednesday, February 22, 2017 What To Do? Short Term Short-term bears should stand aside or stay short stocks with relative weakness.   We are continuing to hold some shorts as there is many stocks showing relative weakness.  We actually added a short today. Short-term bulls should stand aside. Intermediate & Long Term: Intermediate and long term positions to the upside should be maintained. There are no intermediate or long term opportunities to the downside. Market …

Buy TLT at the market, current price $119.55, use stop at $117.25

Todd Butterfield Market Opinion-Free Leave a Comment

TLT (iShares Barclays 20+ Year Treasury Bond Fund) has been testing the previous lows from late December, and we feel ready to rally again. Most recently the Technometer has went from “Overbought” to “Oversold” in the past week, while the price has traded sideways. We like this type of action…   We show a closeup of the divergence between the Price and the Optimism-Pessimism.  Also the Force is turning up, as well as the Technometer …

Expecting the Reaction to Continue

Todd Butterfield Market Opinion-Free Leave a Comment

Friday, January 27, 2017 What To Do? Short Term Short-term bears should hold original short positions and keep stops as previously directed. Short-term bulls should stand aside. Intermediate & Long Term: Intermediate and long term positions to the upside should be maintained. There are no intermediate or long term opportunities to the downside. Market Trends: Intra-day: Up Short Term: Neutral Intermediate Term: Up Long Term: Neutral The stock market, as measured by the Wyckoff Wave opened unchanged today, …

Reaction In Progress

Todd Butterfield Market Opinion-Free Leave a Comment

Thursday, January 12, 2017 What To Do? Short Term Short-term bears should hold short positions and lower stops to Tuesdays high as marked on the intra-day chart. Short-term bulls should be looking for long candidates and be prepared to act. Intermediate & Long Term: Intermediate and long term positions to the upside should be maintained. There are no intermediate or long term opportunities to the downside. Market Trends: Intra-day: Down Short Term: Down Intermediate Term: Up Long Term: …

Santa Claus Rally

Todd Butterfield Market Opinion-Free Leave a Comment

Friday, December 23, 2016 ALL OF US HERE AT WYCKOFF SMI WOULD LIKE TO WISH EVERYONE A SAFE AND HAPPY HOLIDAY!! What To Do? Short Term Short-term bears should stay short and use stops at recent highs.  New short positions could be taken at these levels if volume expands on the downside. Short-term bulls stand aside. Intermediate & Long Term: Intermediate and long term positions to the upside should be maintained. There are no intermediate …

Correction has started??

Todd Butterfield Market Opinion-Free Leave a Comment

Monday, November 28, 2016 What To Do? Short Term: Short-term bulls should have liquidated their positions as supply was present today. Short-term bears should continue to identify candidates to the downside.  Short positions should have been taken today for the expected reaction.  We implemented a couple of short positions on our ProTraders update today at 11:23 am CST. Intermediate & Long Term: Intermediate and long term positions to the upside should be maintained. There are …

A Lack Of Supply Rally

Jim OBrien Market Opinion-Free Leave a Comment

Monday, November 21, 2016 What To Do? No changes from Friday Short Term: Short-term bulls should continue to maintain their positions. The expected minor reaction would create a difficult risk/reward ratio for any new positions to the downside. Short-term short positions are not recommended. There are no short-term positions to the downside. Intermediate & Long Term: Intermediate and long term positions to the upside should be maintained. There are no intermediate or long term opportunities …