Adding to the bullish case are all of the sell signals that have failed to work. Prices have failed to heed the Hindenburg Omen and the Titanic Syndrome, among other bearish indicators. Even when signals don’t work as expected, they can still offer insights into the direction of the trend. Failed Sell Signals Are Bullish Jack Schwager interviewed some of the greatest traders in the world for his… Read More
Adding to the bullish case are all of the sell signals that have failed to work. Prices have failed to heed the Hindenburg Omen and the Titanic Syndrome, among other bearish indicators. Even when signals don’t work as expected, they can still offer insights into the direction of the trend. Failed Sell Signals Are Bullish Jack Schwager interviewed some of the greatest traders in the world for his Market Wizards books. In later writings, he distilled some of their best ideas into trading rules. Among his rules is that “a failed signal is more reliable than the original signal.”#-ad_banner-# This year, a number of sell signals have failed, and they could now be pointing toward additional gains for stocks. SPDR S&P 500 (NYSE: SPY) is up 15.3% since the beginning of the year, adding 1.27% last week. Considering just the… Read More