Bulletin, Buy Alert and Market Timer Warnings

First, a market update for today:
(Posted earlier today on Facebook)

Market Update - Special Bulletins and such nonsense.

I heard some scammer who has been a 100% in stocks, fully invested, permabull since 2003 was out today with a "buy signal."

He tried the same crap in late 2007 and 2008 with buys all the way down from 1500s to 800s  with what seemed like a new buy signal every 100 points! 

Finally he gave up when the market was in the 700s and 600s... only to brag about his "buy signals" once the markets eventually got higher than his last buy signal.

The nerve of some people! Now if you had taken profits first like some of us do... then these buy signals can be beneficial.

Kirk Lindstrom's Investment Letter

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Stock Market Update After Major Sell-off - Buying & Selling Opportunities

What a month for the bears!  All indexes but the Nasdaq are down for the year.

Hopefully you took some cash out of the markets near the highs to use to buy near the lows.

Keep checking back as I add sentiment charts over the weekend.

Here is a look at the markets on a closing basis.  All are down between 8.0% and 14.8% from their peak values!

Markets at a Glance courtesy of WSJ

Here are the markets showing intraday values.  With high speed computer trading, I believe intraday values are far more important than closing values.  One reason is you can have a major reversal during a day when markets hit resistance points like their 50 and 200 day moving averages or round numbers like $25 or "down 20% from a peak."

 

Hopefully you took some profits when the markets were up so you can take advantage now that they are much lower and the level of fear is intense!

This "Fear and Greed vs. the S&P 500 Sentiment Chart" shows now is a good time to be putting some cash back to work.

This are some of the "sell alerts" I sent my newsletter subscribers near the top.

This is one of my recent "buy alerts" I sent my newsletter subscribers this week.

As Bob Brinker used to say 20 years ago in his younger days "Intel is a great trading stock."

More Intel Charts

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Kirk Lindstrom's Investment Letter

 Subscribe NOW  and get
the October 2018 Issue for FREE!!!

Nov. 1, 2018 Update 

2CS-p Sentiment Indicator

More about 2CS 

• 2CS & CPC Charts Still Show High Fear Levels

Keep checking back as I add more charts over the weekend.

Send me an email if you have any chart requests

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