This week, big money, technical indicators and seasonal data began forecasting an uptrend in the broad markets, at least for the short term...
As a result, I said Wednesday my eyes and ears are open to the great trade setups my computers are populating.
Back in September and October, seasonal indicators began to regain the strength they lost during the recent bear market...
Until then, traders had to put aside bullish seasonal indicators and stick with bearish seasonal indicators, something that's a little more scarce since markets are designed to go up.
As bullish seasonal indicators regain popularity — because they work — it's important to keep in mind that they serve as a guide.
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