Market Update

Hello all

the market has entered into correction. So be aware. Get into cash or bonds. DMSI is still bullish, but on March 21st QLD ETF has crossed over to the dark side. (It happened on March 26th for QQQ). In a way you could say QLD is a leading indicator of QQQ (though technically it is not true, QLD is basically 2 times QQQ).

So the best course of action now is to be cautious and wait and see. It is not yet a very clear signal to sell (the third com formation is DMSI), but QLD signal is good enough.

Happy waiting to trade.

DELTA MARKET SENTIMENT INDICATOR

Current Sentiment Last Week 2 Weeks Ago 3 Weeks Ago
BULLISH 59.1% 61.7% 66.9%

 

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