Today’s first 90 minutes on the Lazy Man Rotator gave a clear signal of things to come for the rest of the day. We did have several mini fades during the rest of the session but ultimately the % Change sort looked pretty much like the above at the end of the day. Note how the top 5 positive % Change ETFs/stock were characterized by price action above both the 3 and 10 day moving averages. As long as these headlights stay green we’re likely to see more of the same momentum. Monitoring the continuity of these simple (and free) signals is the easiest, cheapest insurance a trader can engage to assure that a change in momentum is not about to transpire.
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