bias 5/8

At 10:26, beyond normal oversold, suggesting no reversion to the mean. (Usually oversold means buy weakness.) To be safe, hold.

bias 5/7

Technical difficulties this morning.

At 12:11, negative, suggesting sell the rallies intraday.

bias 5/4

At 10:21, no clear signal; Two of the there indicators comprising the bias opened at oversold, but are extended beyond suggesting a "reversion to the mean", and the third, strongest weighted one, is neutral.

bias 5/3

At 10:21, negative; sell the rallies intraday.

The S&P and Dow have doubled topped, and several indexes have lagged, including the Nasdaq 100, which most benefits from AAPL. With negative divergences, and an abundant belief that a new leg up is stretching out, I think the odds are in the favor of a continued market correction. New highs on the indexes would prove me wrong.

bias 5/2

At 11:13 AM, no clear signal intraday, but starting to encounter resistance on the daily scale.


Update, 12:56; the bias is now positive, buy the dips intraday.

bias 5/1

10:31 am: positive but approaching overbought, suggesting cautiously buy the dips intraday.