Coolhand's Market Analysis

I can tell the current trading environment is not typical. After just two days the Seven Sentinels flipped back to a buy. Imagine that.

But the one constant is that we are still relatively range bound with a positive bias. And we're back at the upper end of the channel again, maybe even above it. Can we call this a breakout? Maybe. But all seven signals are still close to their respective EMAs, so it's not out of the question that we can't flip right back to a sell again.

If it wasn't for the bullish sentiment, I'd be more bullish. As it is, I'm neutral due to the holiday bias influence.

Here's today's charts:



All four back to buy here.



Three for three on a buy here.

So the system is back to a buy, but sentiment remains bulled up. I really don't know how this is going to play out, but if we continue to rally through the holidays and sentiment doesn't change, I'd watch out for January.

But that's getting too far ahead of myself. That's about it for today, see you tomorrow.