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Jonathan Parsons Rank: 36 Followers: 21 Votes: 4 Years Member: 14 Last Update: 15 October 2017, 8:01 Categories: Chart Patterns
Trend Analysis
Volume Analysis

Sept 25th 2017 8:30A Update: We've had a nice run off the August lows & now things are getting a bit tougher & more specific. The NDX-specific McClellan Summation index has topped & turned back down. Last time this happened, we traded sideways for a month (most of August). A rising summation index tends to lift all boats & makes for easier trading (at least for me). The good news is that the SPX-specific summation index is still rising. Therefore, I plan on focusing most of my efforts on NYSE/SPX stocks. We might get a rotation into Energy for a few days, then fins, then defense, then something else. This market likes to rotate it's winners - sometimes on a day-to-day basis. Try to stick with the flow & what's working & don't fight the ebb tide! Good luck out there!


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