Thursday, September 10, 2009
Non-Trending Market
There is no set trend for the three bullish & three bearish ETFs evaluated. The Kagis are all bearish. The 3 Line Breaks are bearish for FAS, newly bullish (2 bricks is better than one, though) for TNA, and has old (> 8 bricks) bullish signals for URE. Renko has similar non-trending issues, but TZA is the "old bear," this time. Bullish Ichimoku signals for Bull ETFs are old and nothing has happened for the Bear ETFs. P&F have old+/- met bearish signals for the Bear ETFs. Half of the Aroons suggest early consolidation. Parabolic SAR is also conflicting. Bollinger Band Widths are narrow for all 6 ETFs, but that happened a while ago. Sit on your hands, unless you're a real good day trader.
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