Written by: Mike Simonato, Ontario Presenter: “My Three Friends”, Dec. 3, 2016, VectorVest International Online User Group (Click here to View: My Three Friends)
USA: C/DN BSR was below 20, MTI was at 70
DOW JONES: Still in a downtrend and playing around the 79 SMA and 200 SMA
NASDAQ: Holding the 79 SMA
S&P 500: Same setup as the Dow and holding the 79 SMA
MKT TIMING: MTI back at Apr/ May 2020 and Oct 2019 levels. BSR also back at Apr / May 2020 level Price similar to Dow and S&P 500 but below the 79 SMA
READ Views and Strategy
CANADA: C/DN on Wed. BSR was below 20 and MTI @ 80
PTSE: Held the 200 SMA and bounced but below the 79 SMA
VENTURE: Pulled back but bounced off the 79 SMA. RT Bounced off 1.00
MKT TIMING: Holding the 79 SMA. MTI, BSR and RT bounced this week but still weak
READ Views (Stan amazes again. I have to figure “Best Fit” out) and Strategy.
As always nothing more than my 2 cents and I hope it’s of value and interest.
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