Trading with an Edge
Our breadth is again in full bull mode, having been faked out in a bear trap over the last week or so. We begin again looking for topping signs, otherwise, the trend is our friend and up we go.
Our Zweig showed a little exhaustion yesterday, we need to see some testing:
CVI looks to be basically unchanged:
The 40 DPI is still to confirm the bull side here:
Our NH/NL, however, is looking just fine:
The trenders, as mentioned, are both on the bulls side now:
Tom Malone, born in the Midwest, started trading corn futures in the '70s and then went to work with Metropolitan Life Insurance before entering postgraduate work in Florida. His interest in trading deepened when he was given the rare opportunity to work with the legendary Dr. Martin Zweig and the famous Zweig Forecast for two years. To this day, the Zweig Forecast is renowned as the best newsletter in history, and we all mourn the recent loss of Dr. Zweig. Tom's trading has been broad with experience in every commodity traded, but his love is the U.S. stock market and stock picking and market timing. His calls on the market are legendary and in 2007 he was called "the greatest short-term market timer of our generation" by Mike Burk. who has seen tens of thousands over the years. More recently Tom got the trading group leveraged long on Oct. 4, 2011, for the launch of an epic bull run and what may be a new secular bull market. He also runs several unique trading programs that have helped many beat the market.
