“GET IN THERE!!!”

What! You think that just because today and this week has gone sour that all is lost? All you need to look at is the Bullish supporting convergences on the $DJI chart and that alone would tell you to “GET IN THERE” and start buying the $DJI etf called DIA.

We are at trendline support, a fib support, and a horizontal trendline support, and the 34 EMA Wave support, all at the same time; so, this tell traders to “GET IN THERE” and buy DIA, SPY. These charts both look the same. The only thing is the $COMP or NASDAQ. The NASDAQ has not even touched down to the 34 EMA H/L/C WAVE yet. So, one scenario that can happen is that $SPX and $DJI will be flat next week as it gives time for the $COMP/NASDAQ to touch down and retrace a little bit more; on the other hand, next week $SPX and $DJI and $COMP could all rally.

TLT Looks like it will make a Doji today to continue falling down completing a Head and Shoulders pattern. Also, individual stocks like CNP are holding up well and are flat at the Wave of Support as we mentioned a few days ago; ready to rally next week.

PEY, although the concept of this ETF sound fantastic and a good idea, I will watch it closely next week relative to the XLF etf to see whether or not I should drop it. I consistently makes lower lows while the market is makes higher highs, who wants that, although the dividend pay is good and it would take a year of holding it to recover. I totally believe the Financials are recovering, and that is why I am holding it for now.