Market Timer Daily Update

Thursday​​ (6/6):​​ Here’s how the DOW, S&P500 and the Nasdaq closed​​ today:​​ 

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MT Indicators

Nasdaq​​ 

MTVOL​​ / Chg

MTSD

BoP 1st​​ Col Herding

Swing Signal

LT Signal

112%​​ /​​ -7%

-1

None

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@ +1.59​​ /​​ -.03

 

DOW/S&P​​ 

MTVOL​​ / Chg

MTSD

BoP 1st​​ Col Herding

Swing Signal

LT Signal

105%​​ /​​ -8%

+3

None

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@ +1.64​​ /​​ -.03

 

Today’s Comments:​​ As stated​​ yesterday,​​ “If the market does not decline tomorrow, it should very soon.”

 

We did not get a decline today but instead had yet another rally with no bullish herding in the 1st​​ column in the​​ BoP. Looking at our historic data, we have not seen the market move higher by 900 points in three days with two of the three days without 1st​​ column bullish herding.​​ This is extremely bearish in in our estimation.

 

 

BOTTOM LINE:​​ The​​ LT Signal​​ continued to decline​​ again​​ today​​ despite​​ the​​ rally.​​ The lack of​​ BoP​​ bullish herding in the 1st​​ column​​ again today​​ and the continued decline in the​​ LT Signal​​ is​​ becoming very​​ bearish​​ in the intermediate-term and in the​​ short-term.

 

Have a great​​ night!

 

- The​​ Market​​ Timer​​ team

 

 

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