Despite all my hemming and hawing about whether I was bullish or not, the S&P 500 snuck above its 50 day moving average. Even though a single data point should not make one bullish or bearish, its hard not to lean bullish when one of the major indices closes above the 50 day. The Dow Jones, represented by its tradeable $DIA, also closed above its 50 day. Because nothing is ever crystal clear in the markets, the $QQQ did not. In fact, the $QQQ is a day or so away from completing the apocryphal Death Cross. That Death Cross link leads to some research…
What does this mean for The Woodshedder? Well, it means I’m reluctantly bullish. But more importantly, it means the Fidelity Sector Rotational System will turn back on and rotate into the top 3 Fidelity Sector Funds at Monday’s close. I’ll post the top-ranked Fidelity funds over the weekend.
Lol I remember that
I think you might be thinking about the Denninger series where he loses the debate about the Golden Cross.