Extremely unusual market conditions !!

Posted in Alerts, OBOSS Market Timing on August 5th, 2016 by rennvalo

OBOSS has been stuck in an extremely overbought condition for weeks and the market has consolidated over the same time period.  When using Bollinger Bands to measure the consolidation (on the daily time frame) you can see they are compressed which usually indicates a big move is near (up or down).  OBOSS being extremely overbought indicates that market is ripe for a pullback.  I can’t remember a time in the past where the market has consolidated enough to compress the bollinger bands this much while the market remains overbought.

Caution is advised as a big move could be on the horizon.  While we don’t know which way the market will break out it seems the pot odds favor a pull back from this level.

SPX

 

 

 

OBOSS Market Timing 01/12/16 ‘OBOSS at -2.17’

Posted in Alerts, OBOSS Market Timing on January 12th, 2016 by rennvalo

oboss_01_12_16OBOSS is coming off extreme levels.

look to take profits on any major rally.

NOTE: Scaling into the market is considered a high risk trade.

OBOSS Market Timing 01/08/16 ‘OBOSS at -3.36’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on January 8th, 2016 by rennvalo

oboss_01_08_16OBOSS indicates the market is historic oversold levels. Look for buying opportunities to take advantage of the upcoming bounce.  If you’re scaling in, get aggressive.  If you’ve been patiently waiting, this is a good time to start buying oversold stocks on your shopping list

OBOSS Market Timing 12/18/15 ‘OBOSS at -2.64’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on December 18th, 2015 by rennvalo

oboss_12_18_15OBOSS is dipping into extreme oversold levels.  OBOSS levels lower than -2.5 is a very good indication of an impending bounce / snap back rally.   If you’re waiting on the side lines, this is a good time to use your shopping list and consider purchases.  If you’re scaling in, consider getting aggressive.  NOTE: Scaling into the market is considered a high risk trade.

OBOSS Market Timing 10/29/15 ‘OBOSS at 2.21’

Posted in Alerts, OBOSS Market Timing on October 29th, 2015 by rennvalo

oboss_10_29_15OBOSS is at the lower end of extreme overbought territory.  There is still room for the market to move higher.  If you’re waiting on the side lines looking to buy high quality stocks, consider being less aggressive with new positions.  Protecting profits is job #1.  Reduce risk on any sharp move higher.

OBOSS Market Timing 10/22/15 ‘OBOSS at 2.29’

Posted in Alerts, OBOSS Market Timing on October 22nd, 2015 by rennvalo

oboss_10_22_15OBOSS is at the lower end of extreme overbought territory.  There is still room for the market to move higher.  If you’re waiting on the side lines looking to buy high quality stocks, consider being less aggressive with new positions.  Protecting profits is job #1.  Reduce risk on any sharp move higher.

OBOSS Market Timing 08/25/15 ‘OBOSS at -4.42’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on August 25th, 2015 by rennvalo


oboss_08_25_15


OBOSS indicates the market is historic oversold levels. Look for buying opportunities to take advantage of the upcoming bounce.  If you’re scaling in, get aggressive.  If you’ve been patiently waiting, this is a good time to start buying oversold stocks on your shopping list

OBOSS Market Timing 08/24/15 ‘OBOSS at -4.99’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on August 24th, 2015 by rennvalo

oboss_08_24_15
OBOSS indicates the market is historic oversold levels. Look for buying opportunities to take advantage of the upcoming bounce.  If you’re scaling in, get aggressive.  If you’ve been patiently waiting, this is a good time to start buying oversold stocks on your shopping list

OBOSS Market Timing 08/21/15 ‘OBOSS at -4.36’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on August 21st, 2015 by rennvalo

oboss_08_21_15

OBOSS indicates the market is at historic oversold levels.

Look for buying opportunities to take advantage of the upcoming bounce.  If you’re scaling in, get aggressive.  If you’ve been patiently waiting, this is a good time to start buying oversold stocks on your shopping list

OBOSS Market Timing 08/20/15 ‘OBOSS at -2.30’

Posted in Alerts, OBOSS Market Timing on August 20th, 2015 by rennvalo

oboss_08_20_15OBOSS is at extreme oversold levels.  There is always room for the market to move lower, but odds favor a bounce whenever OBOSS gets this oversold.  If you’re waiting on the side lines, this is a good time purchase high quality stocks on your shopping list.  If you’re scaling in, consider getting more aggressive on any major dip lower.  NOTE: Scaling into the market is considered a high risk trade.

OBOSS Market Timing 07/17/15 ‘OBOSS at 1.20’

Posted in Alerts, OBOSS Market Timing on July 17th, 2015 by rennvalo

oboss_07_17_15OBOSS is in neutral territory, but moving close to overbought territory.  BUT, NASDAQ is extremely overbought on it’s own!!

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OBOSS Market Timing 07/08/15 ‘OBOSS at -2.58’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on July 8th, 2015 by rennvalo

oboss_07_08_15OBOSS is dipping further into extreme oversold levels.  OBOSS levels lower than -2.5 is a very good indication of an impending bounce / snap back rally.   If you’re waiting on the side lines, this is a good time to use your shopping list and consider purchases.  If you’re scaling in, consider getting aggressive.  NOTE: Scaling into the market is considered a high risk trade.

OBOSS Market Timing 06/29/15 ‘OBOSS at -3.45’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on June 30th, 2015 by rennvalo

oboss_06_29_15

OBOSS indicates the market is historic oversold levels. Look for buying opportunities to take advantage of the upcoming bounce.  If you’re scaling in, get aggressive.  If you’ve been patiently waiting, this is a good time to start buying oversold stocks on your shopping list

 

OBOSS Market Timing 03/27/15 ‘OBOSS at -0.38’

Posted in Alerts, OBOSS Market Timing on March 27th, 2015 by rennvalo

oboss_03_27_15OBOSS is neutral.

Normally with a neutral market we watch for signs of strength or weakness around the 50 day moving average on the S&P 500.  While we’re not at any extremes there are clear signs of a weary market.  The 50 day simple moving average has been tested several times and the rallies off the dips have less and less momentum.

Considering the lack of volume, momentum, and length of the “bull market” – it is prudent to neutralize deltas and take protective measures to make sure your portfolio can handle a correction.

 

OBOSS Market Timing 10/15/14 ‘OBOSS at -2.65’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on October 15th, 2014 by rennvalo

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OBOSS Market Timing 10/13/14 ‘OBOSS at -3.59’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on October 13th, 2014 by rennvalo

OBOSS indicates the market is at historic oversold levels. Look for buying opportunities to take advantage of the upcoming bounce.  If you’re scaling in, get aggressive.  If you’ve been patiently waiting, this is a good time to start buying oversold stocks on your shopping list

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OBOSS Market Timing 08/07/14 ‘OBOSS at -2.54’

Posted in Alerts, Buy Alerts on August 7th, 2014 by rennvalo

OBOSS is dipping further into extreme oversold levels.  OBOSS levels lower than -2.5 is a very good indication of an impending bounce / snap back rally.   If you’re waiting on the side lines, this is a good time to use your shopping list and consider purchases.  If you’re scaling in, consider getting aggressive.  NOTE: Scaling into the market is considered a high risk trade.

OBOSS Market Timing 08/05/14 ‘OBOSS at -2.30’

Posted in Alerts, OBOSS Market Timing on August 6th, 2014 by rennvalo

OBOSS is at extreme oversold levels.  There is always room for the market to move lower, but odds favor a bounce whenever OBOSS gets this oversold.  If you’re waiting on the side lines, this is a good time purchase high quality stocks on your shopping list.  If you’re scaling in, consider getting more aggressive on any major dip lower.  NOTE: Scaling into the market is considered a high risk trade.

 

OBOSS Market Timing 06/10/14 ‘OBOSS at 2.39’

Posted in Alerts, OBOSS Market Timing on June 10th, 2014 by rennvalo

OBOSS is still at extreme overbought levels.  There is always room for the market to move higher, but odds favor a pullback whenever OBOSS gets this overbought.

We are currently watching a time consolidation where equities struggle to make higher highs while holding their current price levels.  Keep alert for a final push higher that could trigger a price correction.

If you’re waiting on the side lines, this is not the time to be aggressive with new positions.  Protecting profits is job #1.  One way to protect profits is to tighten stops on existing positions or scale out slowly on moves higher in the market.

OBOSS Market Timing 06/06/14 ‘OBOSS at 2.66’

Posted in Alerts, OBOSS Market Timing on June 6th, 2014 by rennvalo

OBOSS moved further into extreme overbought levels today after a week of being extended.  OBOSS levels higher than 2.5 indicates an impending pull back in price.

This is a good time to reduce risk, neutralize positive deltas, close margin, and considering  taking some profits by scaling out on moves higher.

OBOSS Market Timing 06/05/14 ‘OBOSS at 2.56’

Posted in Alerts, OBOSS Market Timing on June 5th, 2014 by rennvalo

OBOSS is at extreme overbought levels for the second time within the last week.

OBOSS levels higher than 2.5 warn of an impending market consolidation.   Consolidations come in two forms.  The first form of consolidation is price, where prices pull back and resets the overbought condition.  The second form of consolidation is time, where prices trade in a tight range which resets the overbought condition.

This is a good time to reduce risk, close margin, and protect profits.

 

 

OBOSS Market Timing 06/04/14 ‘OBOSS at 2.26’

Posted in Alerts on June 5th, 2014 by rennvalo

OBOSS is at the lower end of extreme overbought territory.  There is still room for the market to move higher.  If you’re waiting on the side lines looking to buy high quality stocks, consider being less aggressive with new positions.  Protecting profits is job #1.  Reduce risk on any sharp move higher.

 

OBOSS Market Timing 05/30/14 ‘OBOSS at 2.47’

Posted in Alerts, OBOSS Market Timing on May 30th, 2014 by rennvalo

OBOSS moved further into extreme overbought levels.  OBOSS levels higher than 2.5 indicates an impending pull back in price.

This is a good time to reduce risk, neutralize positive deltas, close margin, and considering  taking some profits by scaling out on moves higher.

OBOSS Market Timing 05/29/14 ‘OBOSS at 2.52’

Posted in Alerts, OBOSS Market Timing on May 29th, 2014 by rennvalo

OBOSS moved further into extreme overbought levels.  OBOSS levels higher than 2.5 indicates an impending pull back in price.

This is a good time to reduce risk, neutralize positive deltas, close margin, and considering  taking some profits by scaling out on moves higher.

OBOSS Market Timing 05/27/14 ‘OBOSS at 2.43’

Posted in Alerts, OBOSS Market Timing on May 27th, 2014 by rennvalo

OBOSS is at extreme overbought levels.

The S&P and NASDAQ are the most extended markets.

There is always room for the market to move higher, but odds favor a pullback whenever OBOSS gets this overbought.  If you’re waiting on the side lines, this is not the time to be aggressive with new positions.  Protecting profits is job #1.  One way to protect profits is to tighten stops on existing positions or scale out slowly on moves higher in the market.

OBOSS Market Timing 05/12/14 ‘OBOSS at 2.09’

Posted in Alerts, OBOSS Market Timing on May 12th, 2014 by rennvalo

OBOSS is indicating the market is overbought.  There is still plenty of room for the market to move higher.  OBOSS doesn’t normally get readings higher than 2.5, so consider taking some profits on any sharp move higher and adding back positions on small dips lower.

OBOSS Market Timing 04/11/14 ‘OBOSS at -2.28’

Posted in Alerts, OBOSS Market Timing on April 11th, 2014 by rennvalo

OBOSS is dipping into extreme oversold levels.  There is still room for the market to move lower.

Normally at this level we would consider scaling into longs and adding positive deltas, but considering how long the market was in neutral territory it would be prudent to give the market more room to find support.  The theory being the longer OBOSS hovers in the neutral zone the more energy is built up for the next move.  We expect a small bounce as  market get extremely oversold, but also consider the potential for an extended correction.

If you’re waiting on the side lines, this is a good time to get your shopping list ready for stocks that are trading at a discount.  Look for evidence that support is holding on shorter term time frames before initiating anything in size.

OBOSS Market Timing 02/03/14 ‘OBOSS at -2.85’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on February 4th, 2014 by rennvalo

OBOSS is dipping into extreme oversold levels.

OBOSS levels lower than -2.5 is a very good indication of an impending bounce / snap back rally.

If you’re waiting on the side lines, this is a good time to use your shopping list and consider purchases.  If you’re scaling in, consider getting aggressive.  NOTE: Scaling into the market is considered a high risk trade.

OBOSS Market Timing 12/31/13 ‘OBOSS at 2.30’

Posted in Alerts, OBOSS Market Timing on December 31st, 2013 by rennvalo

Happy New Year!

OBOSS ends 2013 at extreme overbought levels which is not surprising considering the market has been neutral to overbought almost the entire year.

2013 saw one brief venture into oversold territory in June (See the June Buy Call here).  For those of you who took that call and purchased equities – congratulations on a job well done!  2013 will go down as one of the best years in recent memory for equity investors.

 

OBOSS Market Timing 12/26/13 ‘OBOSS at 2.32’

Posted in Alerts, OBOSS Market Timing on December 26th, 2013 by rennvalo

OBOSS is at extreme overbought levels.  There is always room for the market to move higher, but odds favor a pullback whenever OBOSS gets this overbought.  If you’re waiting on the side lines, this is not the time to be aggressive with new positions.  Protecting profits is job #1.  One way to protect profits is to tighten stops on existing positions or scale out slowly on moves higher in the market.

OBOSS Market Timing 10/22/13 ‘OBOSS at 2.35’

Posted in Alerts, OBOSS Market Timing on October 22nd, 2013 by rennvalo

OBOSS is at extreme overbought levels.  This is the second push into extreme overbought territory in less than a week.

If you’re waiting on the side lines, this is not the time to be aggressive with new positions.  Protecting profits is job #1.  One way to protect profits is to tighten stops on existing positions or scale out slowly on moves higher in the market.

OBOSS Market Timing 10/18/13 ‘OBOSS at 2.35’

Posted in Alerts, OBOSS Market Timing on October 18th, 2013 by rennvalo

OBOSS is at extreme overbought levels.

There is always room for the market to move higher, but odds favor a pullback whenever OBOSS gets this overbought.  If you’re waiting on the side lines, this is not the time to be aggressive with new positions.  Protecting profits is job #1.  One way to protect profits is to tighten stops on existing positions or scale out slowly on moves higher in the market.

OBOSS Market Timing 09/18/13 ‘OBOSS at 2.52’

Posted in Alerts, OBOSS Market Timing on September 18th, 2013 by rennvalo

OBOSS is at extreme overbought levels.

OBOSS levels higher than 2.5 is a very good indication of an impending pull back in prices.

This is a good time to reduce risk, close margin, and take profits by scaling out on moves higher.

OBOSS Market Timing 06/24/13 ‘OBOSS at -2.08’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on June 24th, 2013 by rennvalo

OBOSS is entering extreme oversold levels.

This is the first oversold signal for 2013!  Get your shopping lists ready 🙂

There is still plenty of room for the market to move lower.  OBOSS doesn’t normally get readings lower than -2.5, but in the recent decline in August 2011 it did hit  -3.5 for one day before a snap back rally started.  If you’re scaling in, this is a high risk trade and you must leave yourself lots of buying power as the market moves lower.

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OBOSS Market Timing 05/17/13 ‘OBOSS at 2.54’

Posted in Alerts, OBOSS Market Timing on May 17th, 2013 by rennvalo

OBOSS closes at extreme overbought levels for the second week in a row.

At the risk of sounding like a broken record… the market is unusually extended.

While we have seen extreme levels hold for two weeks in the past, this is not common for OBOSS readings.  The S&P 500 is about 12% higher than it’s 200 day moving average which is also considered a rare event.

There will be a consolidation in the near future.  Consolidations come in as sharp price corrections or through extended periods of sideways price action.

Since we don’t know how the market will consolidate it is always good to be defensive when the market gets this extended.  That doesn’t mean selling your positions on the first extreme indication,  but it is good practice to lock in some profits as the market extends higher.

OBOSS levels higher than 2.5 is a very good indication of an impending pull back in prices.  This is a good time to reduce risk, close margin, and take profits by scaling out on moves higher.

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OBOSS Market Timing 05/15/13 ‘OBOSS at 2.73’

Posted in Alerts, OBOSS Market Timing on May 15th, 2013 by rennvalo

OBOSS continues to hover at extreme overbought levels.  OBOSS has been in extreme territory and signaling caution since May 3rd 2013.  Since that time the S&P 500 has climbed 2.3% and continues to make new all time highs.  In the past we have seen OBOSS hover in extreme territory for five to ten trading days before seeing a change in the market.

Considering that we are seven trading days into extreme territory there is a good chance that the opportunity to protect profits and reduce directional risk is coming to a close.  Do not let the market lull you into being complacent with the constant grind higher.

OBOSS levels higher than 2.5 is a very good indication of an impending pull back in prices.  This is a good time to reduce risk, close margin, and take profits by scaling out on moves higher.

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OBOSS Market Timing 05/14/13 ‘OBOSS at 2.73’

Posted in Alerts, OBOSS Market Timing on May 14th, 2013 by rennvalo

OBOSS continues to hover at extreme overbought levels.  OBOSS has been in extreme territory and signaling caution since May 3rd 2013.  Since that time the S&P 500 has climbed 2.3% and continues to make new all time highs.  In the past we have seen OBOSS hover in extreme territory for five to ten trading days before seeing a change in the market.

Considering that we are seven trading days into extreme territory there is a good chance that the opportunity to protect profits and reduce directional risk is coming to a close.  Do not let the market lull you into being complacent with the constant grind higher.

OBOSS levels higher than 2.5 is a very good indication of an impending pull back in prices.  This is a good time to reduce risk, close margin, and take profits by scaling out on moves higher.

 

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OBOSS Market Timing 05/13/13 ‘OBOSS at 2.36’

Posted in Alerts, OBOSS Market Timing on May 13th, 2013 by rennvalo

OBOSS is at extreme overbought levels.  There is always room for the market to move higher, but odds favor a pullback whenever OBOSS gets this overbought.  If you’re waiting on the side lines, this is not the time to be aggressive with new positions.  Protecting profits is job #1.  One way to protect profits is to tighten stops on existing positions or scale out slowly on moves higher in the market.

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OBOSS Market Timing 05/10/13 ‘OBOSS at 2.51’

Posted in Alerts, OBOSS Market Timing on May 10th, 2013 by rennvalo

OBOSS closed the week in extreme overbought territory.  This may have been a gift week where investors were able to reposition themselves to reduce direction risk while the market flashed several warning signs without going into a correction.

I received several questions about how quickly an investor should react to OBOSS alerts.  It’s very difficult to time a top or a bottom in the market no matter what indicator you use, but OBOSS does gives advanced warnings when the market gets too far extended on one side or the other.  Typically it takes one to two weeks from the first OBOSS alert before the eventual change in trend, but it is always wise to consider repositioning your portfolio to be ready for the change in trend on the first alert in case there is a sudden shift in sentiment.  When OBOSS gets too extremely overbought we start protecting profits by setting stops, decreasing our directional exposure by removing positive Deltas, and reducing market exposure by slowly scaling out of positions on moves higher.  Shifting portfolios to be more defensive takes time so it is a good thing when OBOSS generates an extreme overbought reading and the markets continue to push higher allowing investors to reposition successfully.

The last time OBOSS was this extreme was the week of May 18, 2012.  Last May we watched OBOSS hold in extreme territory for over a week before the markets shifted from a downward bias to a very strong uptrend two weeks later.  We started positioning ourselves for the change in trend right away by finding buying opportunities, scaling into high quality stocks on the dips, and increasing our positive Deltas.  In other words, we increased our exposure to the markets on every dip from the first OBOSS alert until we were fully positioned for the ensuing uptrend.

OBOSS levels higher than 2.5 is a very good indication of an impending pullback in prices.  This is a good time to reduce risk, close margin, and take profits by scaling out on moves higher.

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OBOSS Market Timing 05/07/13 ‘OBOSS at 2.89’

Posted in Alerts, OBOSS Market Timing on May 7th, 2013 by rennvalo

OBOSS is climbing further into extreme overbought levels.

OBOSS levels higher than 2.5 is a very good indication of an impending pullback in prices.

This is a good time to reduce risk, close margin, and take profits by scaling out on moves higher.

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OBOSS Market Timing 05/06/13 ‘OBOSS at 2.78’

Posted in Alerts, OBOSS Market Timing on May 6th, 2013 by rennvalo

OBOSS is still at extreme overbought levels.

95% of all OBOSS indications are between -2.5 and +2.5 so we are seeing readings that are outside the range for a healthy stock market.  OBOSS doesn’t call exact tops, but gives investors alerts whenever the markets get too extreme to be trusted.

This is a good time to reduce risk, close margin, and take profits by scaling out on moves higher.

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OBOSS Market Timing 05/03/13 ‘OBOSS at 2.84’

Posted in Alerts, OBOSS Market Timing on May 3rd, 2013 by rennvalo

OBOSS climbed into extreme overbought levels.  OBOSS levels higher than 2.5 are a good indication of an impending pullback in price.  This is a good time to reduce risk, close margin, take profits by scaling out on moves higher, or neutralize directional exposure .

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OBOSS nearing extreme overbought territory.

Posted in Alerts, OBOSS Market Timing on May 3rd, 2013 by rennvalo

Prepare to protect profits after today’s gap opening.

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OBOSS Market Timing 04/11/13 ‘OBOSS at 2.35’

Posted in Alerts, OBOSS Market Timing on April 11th, 2013 by rennvalo

OBOSS is at extreme overbought levels.

There is always room for the market to move higher, but odds favor a pull back whenever OBOSS gets this overbought   If you’re waiting on the side lines, this is not the time to be aggressive with new positions.

Protecting profits is job #1.

Earlier in the day today we saw a move into the upper end of extreme and a small rejection around SPY’s 159.50 resistance zone.  The market pulled back just enough off that resistance level to keep OBOSS from having a higher overbought reading into the close.

Consider reducing directional exposure in your portfolio and look for opportunities to reduce risk.

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OBOSS Market Timing 04/10/13 ‘OBOSS at 2.29’

Posted in Alerts, OBOSS Market Timing on April 10th, 2013 by rennvalo

OBOSS is at the lower to mid end of extreme overbought territory.

There is still room for the market to move higher.  If you’re waiting on the sidelines looking to buy high quality stocks, consider being less aggressive with new positions.

Watch for a sudden rejection in price around SPY’s 159-159.50 resistance area that could indicate this move is running out of steam.

Protecting profits is job #1.

Reduce risk on any sharp move higher.

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OBOSS Market Timing 03/14/13 ‘OBOSS at 2.23’

Posted in Alerts, OBOSS Market Timing on March 14th, 2013 by rennvalo

OBOSS is at the lower end of extreme over bought territory for the second time this week.

A sharp move higher tomorrow or Monday to SPY 157.50-158 could act as a potential upper end extreme level for this move higher.

With that said… there is still room for the market to move higher.

If you’re waiting on the side lines looking to buy high quality stocks, consider being less aggressive with new positions.

Protecting profits is job #1.  Reduce risk on any sharp move higher.

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OBOSS Market Timing 03/11/13 ‘OBOSS at 2.18’

Posted in Alerts, OBOSS Market Timing on March 11th, 2013 by rennvalo

OBOSS is at the lower end of extreme over bought territory.

There is still room for the market to move higher.

If you’re waiting on the side lines looking to buy high quality stocks, consider being less aggressive with new positions.

Protecting profits is job #1.  Reduce risk on any sharp move higher.

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OBOSS Market Timing 01/25/13 ‘OBOSS at 2.22’

Posted in Alerts, OBOSS Market Timing on January 25th, 2013 by rennvalo

OBOSS is at the lower end of extreme over bought territory.

There is still room for the market to move higher.  If you’re waiting on the side lines, this is not a good time to start buying new positions.  Protecting profits is job #1.  Considering reducing risk on any sharp move higher.

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OBOSS Market Timing 01/23/13 ‘OBOSS at 2.15’

Posted in Alerts, OBOSS Market Timing on January 23rd, 2013 by rennvalo

OBOSS is at the lower end of extreme over bought territory.  There is still room for the market to move higher.

If you’re waiting on the side lines, this is not a good time to start buying new positions.  Protecting profits is job #1.  Considering reducing risk on any sharp move higher.

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OBOSS Market Timing 01/22/13 ‘OBOSS at 2.13’

Posted in Alerts, OBOSS Market Timing on January 22nd, 2013 by rennvalo

OBOSS is at the lower end of extreme over bought territory.  There is still room for the market to move higher.  If you’re waiting on the side lines, this is not a good time to start buying new positions.  Protecting profits is job #1.  Considering reducing risk on any sharp move higher.

OBOSS Market Timing 01/02/13 ‘OBOSS at 2.27’

Posted in Alerts, OBOSS Market Timing on January 2nd, 2013 by rennvalo

Happy New Year and welcome back to a very active market.  We’ve seen big moves at the start of the new year several years in a row now.  Usually this type of action indicates a good start for the market – let’s see how 2013 plays out.

OBOSS is at the lower end of extreme over bought territory.  There is still room for the market to move higher.  If you’re waiting on the side lines, this is not a good time to start buying new positions.  Protecting profits is job #1.  Considering reducing risk on any sharp move higher.

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OBOSS is moving to www.TradingOBOSS.com

Posted in Alerts on December 9th, 2012 by rennvalo

The old link @ http://tradingoboss.com will still continue to work through the end of 2013.

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OBOSS Market Timing 11/08/12 ‘OBOSS at -2.97’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on November 8th, 2012 by Renn Valo

OBOSS is dipping further into extreme over sold levels.

OBOSS levels lower then -2.5 is a very good indication of an impending bounce / snap back rally.

If you’re waiting on the side lines, this is a good time to use your shopping list and consider purchases.  If you’re scaling in, consider getting aggressive.  NOTE: Scaling into the market is considered a high risk trade.

 

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OBOSS Market Timing 11/07/12 ‘OBOSS at -2.38’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on November 7th, 2012 by Renn Valo

OBOSS is at extreme over sold levels.

There is always room for the market to move lower, but odds favor a bounce whenever OBOSS gets this over sold.  If you’re waiting on the side lines, this is a good time purchase high quality stocks on your shopping list.  If you’re scaling in, consider getting more aggressive on any major dip lower.  NOTE: Scaling into the market is considered a high risk trade.

It is very unusual to see the market move from neutral to extreme over sold!  While not the most extreme move we’ve seen over the last five years – it’s still one for the history books.

 

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OBOSS is in the upper end of extreme over bought territory intra-day.

Posted in Alerts on September 14th, 2012 by Renn Valo

Protecting profits is job #1

OBOSS Market Timing 09/13/12 'OBOSS at 2.43'

Posted in Alerts, OBOSS Market Timing on September 13th, 2012 by Renn Valo

OBOSS is at extreme over bought levels.  There is always room for the market to move higher, but odds favor a pull back whenever OBOSS gets this over bought.  If you’re waiting on the side lines, this is not the time to enter the market.  Protecting profits is job #1.  One way to protect profits is to tighten stops on existing positions or scale out slowly on moves higher in the market.

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OBOSS is moving into extreme territory intra-day.

Posted in Alerts on September 13th, 2012 by Renn Valo

The market has taken off with the FED’s announcement of QE3.

OBOSS is indicating that the market is getting extremely over bought intra-day.

Be alert for any sudden change in market sentiment.

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OBOSS Market Timing 08/16/12 'OBOSS at 2.10'

Posted in Alerts, OBOSS Market Timing on August 16th, 2012 by Renn Valo

OBOSS is at the lower end of extreme over bought territory.

The market made some price progress today, but volume was below average again.  We are watching to see if the market can build enough momentum to break higher and generate an extreme reading of 2.5 at which point there is a very high probability the market will correct lower.  This week is a good example of a market consolidating through time verses consolidating through price action.  Considering the market is in the lower end of extreme I don’t expect much more then a quick test (maybe  break) of the highs for the year before falling back down and testing support.

There is still room for the market to move higher.  If you’re waiting on the side lines, this is not a good time to start buying new positions.  Protecting profits is job #1.  Considering reducing risk on any sharp move higher.

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OBOSS Market Timing 08/10/12 'OBOSS at 2.10'

Posted in Alerts, OBOSS Market Timing on August 10th, 2012 by Renn Valo

OBOSS closed the week in the lower end of extreme over bought territory this week.

I received a question from one of our readers this week that is worth sharing…

Why don’t we suggest shorting the market or shorting stocks when OBOSS gets into extreme over bought territory?

There are many answers to this question, but the most important take away from an extreme over bought signal is “protecting profits”.  In theory if you went long in mid May when OBOSS was extremely over sold you are now holding very profitable positions in high quality stocks or index plays.  Instead of switching to the short side we set stops on our positions to protect profits because the market can continue to melt higher as the market moves into over bought territory.  The higher the OBOSS reading the greater the odds the market will experience a pull back.  In strong up trending markets we like to lighten up as OBOSS gets extended and buy back when prices get discounted.  Shorting the market is much more difficult then reducing risk because the down moves can be fast and furious and reverse just as quickly (especially in up trending markets).  It is better to be in a position to buy the dips when the market is trending higher (while protecting profits), then taking on short positions that may or may not ever be profitable.

There is still room for the market to move higher.  If you’re waiting on the side lines, this is not a good time to start buying new positions.

Protecting profits is job #1.  Considering reducing risk on any sharp move higher.

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OBOSS Market Timing 08/09/12 'OBOSS at 2.11'

Posted in Alerts, OBOSS Market Timing on August 9th, 2012 by Renn Valo

OBOSS is at the lower end of extreme over bought territory.

The market is hovering in over bought territory and volume is declining which makes trading feel like a game of musical chairs.  When will the music stop?

There is still room for the market to move higher.  If you’re waiting on the side lines, this is not a good time to start buying new positions.  Protecting profits is job #1.  Considering reducing risk on any sharp move higher.

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OBOSS Market Timing 08/08/12 'OBOSS at 2.20'

Posted in Alerts, OBOSS Market Timing on August 8th, 2012 by Renn Valo

OBOSS is at the lower end of extreme over bought territory.

Not much new today.  Volume has been light and the markets are holding in extreme over bought territory.  Stay alert for any price weakness.

There is still room for the market to move higher.  If you’re waiting on the side lines, this is not a good time to start buying new positions.  Protecting profits is job #1.  Considering reducing risk on any sharp move higher.

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OBOSS Market Timing 08/07/12 'OBOSS at 2.25'

Posted in Alerts, OBOSS Market Timing on August 7th, 2012 by Renn Valo

OBOSS is at the lower end of extreme over bought territory.  There is still room for the market to move higher.  If you’re waiting on the side lines, this is not a good time to start buying new positions.  Protecting profits is job #1.  Considering reducing risk on any sharp move higher.

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Markets are pushing into extreme over bought territory!

Posted in Alerts, OBOSS Market Timing on August 7th, 2012 by Renn Valo

OBOSS indicates the markets are extremely over bought.

If you’re not already invested, this is not a good time to allocate funds. It is now time to protect profits on existing positions. Investors should be alert to any weakness that could signal a sell off is starting.

Stay alert – protect profits!

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OBOSS Market Timing 08/06/12 'OBOSS at 2.09'

Posted in Alerts, OBOSS Market Timing on August 6th, 2012 by Renn Valo

OBOSS is indicating the market is over bought.  There is still room for the market to move higher.  OBOSS doesn’t normally get readings higher then 2.5, so consider taking some profits on any sharp move higher.

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OBOSS entering extreme over bought territory.

Posted in Alerts on August 6th, 2012 by Renn Valo

There is still room for the market to run higher, but OBOSS is indicating that the market is entering extreme over bought territory.

This is a good time to adjust / tighten your stops to protect profits.

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OBOSS Market Timing 07/27/12 'OBOSS at 2.18'

Posted in Alerts, OBOSS Market Timing on July 27th, 2012 by Renn Valo

OBOSS is at the lower end of extreme over bought territory.

There is still room for the market to move higher.

If you’re waiting on the side lines, this is not a good time to start buying new positions.  Protecting profits is job #1.  Considering reducing risk – especially on any sharp move higher.

 

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OBOSS entering extreme levels intraday.

Posted in Alerts on July 27th, 2012 by Renn Valo

OBOSS spiking into extreme territory intraday.  The surprise rally from yesterday is pushing higher.

Caution is advised as the market moves higher.  Consider protecting profits by tightening stops, writing options on current positions or taking some profits.

Normally we see intraday spikes followed by a confirmed signal within a week.  It’s good to be alert and ready for sudden moves that could trigger a pull back in prices.

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OBOSS moving into extreme territory today.

Posted in Alerts on July 19th, 2012 by Renn Valo

Last evening we let you know that OBOSS indicated the market is over bought.

There is still room for the market to move higher, but as OBOSS moves into extreme territory we need to stay alert.  This is a good time to protect profits by tightening stops, etc.

Stay alert for any weakness that could signal trouble.

The best case scenario is for the market to slowly melt up which would bring OBOSS back to healthier levels.  If the market moves too quickly to the upside, it could cause an imbalance which is usually proceeded with a pull back in price.

 

OBOSS Market Timing 07/18/12 'OBOSS at 2.05'

Posted in Alerts, OBOSS Market Timing on July 18th, 2012 by Renn Valo

OBOSS is indicating the market is over bought.

There is still plenty of room for the market to move higher.  OBOSS doesn’t normally get readings higher then 2.5, so consider taking some profits on any sharp move higher and adding back positions on small dips lower.

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OBOSS Market Timing 06/20/12 'OBOSS at 0.44'

Posted in Alerts, OBOSS Market Timing on June 20th, 2012 by Renn Valo

OBOSS is neutral.

It was a quiet day in the market considering all of the news.  The market appears to be building support and consolidating the last push higher.

If the market falls back to the old resistance zone, we are planning to join the buyers and add exposure to equities.  If the market finds support here, we will continue to ride the trend higher with our existing exposure while keeping an eye out for buying opportunities as they present themselves.

On a side note Alert… the Supreme Court ruling on healthcare is most likely going to be announced tomorrow or next Monday.  This is a good time to review your health care stocks for any exposure to this announcement.  According to several sources the Supreme Court ruling could impact the stock price of several companies including United Health Care, Aetna, Wellpoint, and the overall health care sector which can be traded via the ETF XLV.  If you have exposure to any health care stocks, now is the time to take action to protect your profits.

OBOSS Market Timing 06/01/12 'OBOSS at -2.24'

Posted in Alerts, OBOSS Market Timing on June 1st, 2012 by Renn Valo

OBOSS closed the week at extreme over sold levels.

If you’re waiting on the side lines, this is a good time to get your shopping list ready and consider some small scale purchases on any move lower.  If you’re scaling in, consider getting more aggressive with any major dip lower.

OBOSS Market Timing 05/18/12 ‘OBOSS at -3.08’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on May 18th, 2012 by Renn Valo

OBOSS indicates the market is at historic over sold levels. Look for buying opportunities to take advantage of the up coming bounce.  If you’re scaling in, get aggressive on any sharp move lower.  If you’ve been patiently waiting, this is a good time to start buying over sold stocks on your shopping list.

The S&P 500 is only down a little over 8%, but we are seeing selling pressure as heavy as in the financial crisis of 2008.  If the world isn’t ending, this week’s pull back should prove be a great buying opportunity.

 

OBOSS Market Timing 05/17/12 ‘OBOSS at -3.13’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on May 17th, 2012 by Renn Valo

OBOSS indicates the market is historic over sold levels. Look for buying opportunities to take advantage of the up coming bounce.  If you’ve been patiently waiting, this is a good time to start buying over sold stocks on your shopping list.

 

OBOSS Market Timing 05/16/12 'OBOSS at -2.62'

Posted in Alerts, OBOSS Market Timing on May 16th, 2012 by Renn Valo

OBOSS is holding in extreme over sold territory.

We are looking for buying opportunities during heavy selling.  Keep an eye out for a major sell off which could indicate capitulation on the part of the sellers.

OBOSS levels lower then -2.5 is a very good indication of an impending bounce / snap back rally.   If you’re waiting on the side lines, this is a good time to use your shopping list and consider purchases.  If you’re scaling in, consider getting aggressive.  NOTE: Scaling into the market is considered a high risk trade.

 

OBOSS Market Timing 05/15/12 ‘OBOSS at -2.64’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on May 15th, 2012 by Renn Valo

OBOSS is dipping further into extreme over sold levels.  OBOSS levels lower then -2.5 is a very good indication of an impending bounce / snap back rally.   If you’re waiting on the side lines, this is a good time to use your shopping list and consider purchases.  If you’re scaling in, consider getting aggressive.  NOTE: Scaling into the market is considered a high risk trade.

 

OBOSS Market Timing 05/14/12 ‘OBOSS at -2.49’

Posted in Alerts, Buy Alerts, OBOSS Market Timing on May 14th, 2012 by Renn Valo

OBOSS moved into extreme “over sold” territory.

We are looking for buying opportunities in high quality stocks as their prices get discounted.  If you’ve been on the side lines waiting for an opportunity to enter the market, this is a good area to consider getting some exposure to equities as they fall.

There is still room to the downside so scale in slowly.  Whenever OBOSS gets this extreme we expect a snap back rally in the near future.

OBOSS intra day alert

Posted in Alerts on May 14th, 2012 by Renn Valo

OBOSS is in extreme over sold territory at the open today.  Keep an eye out for buying opportunities in high quality stocks.

It’s too early to tell if OBOSS will close in extreme over sold territory, but continued weakness could give us a confirmed buy signal tonight.

OBOSS Market Timing 05/08/12 'OBOSS at -1.55'

Posted in Alerts, OBOSS Market Timing on May 8th, 2012 by Renn Valo

OBOSS indicates that the market is entering over sold territory.  During the trading day OBOSS dipped into over sold territory and recovered to it’s current level of -1.55.  We sent out a mid day alert letting everyone know there was a potential buying opportunity for high quality stocks.  Considering the market consolidation may continue, keep on the look out for additional buying opportunities where you can slowly scale into positions whenever the market sells off.

In other words, “buy the dips”.

Watch for OBOSS to get over sold on a closing basis (anything less then -2.0).  There is still plenty of room to the downside so risk management is priority #1

 

OBOSS day Alert

Posted in Alerts on May 8th, 2012 by Renn Valo

OBOSS is oversold during the day today.  This may be a good time to start getting exposure to high quality stocks.

Normally we don’t trade of intra-day readings, but we have been on the look out for buying opportunities the last couple of weeks.  Be on alert for buying opportunities now that OBOSS is pressing into over sold territory.  There is plenty of room for the market to move lower so start small and plan to be a buyer as OBOSS moves into extreme territory.

 

OBOSS Market Timing 03/19/12 'OBOSS at 2.01'

Posted in Alerts, OBOSS Market Timing on March 19th, 2012 by Renn Valo

OBOSS is entering over bought levels.  OBOSS made a new high today, but fell back from extreme levels as the market closed.  Anything above 2.0 warrants paying extra attention to your portfolio.

There is still plenty of room for the market to move higher.  OBOSS doesn’t normally get readings higher then 2.5, so consider taking some profits on any sharp move higher and adding back positions on small dips lower.

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OBOSS Market Timing 03/13/12 'OBOSS at 2.10'

Posted in Alerts, OBOSS Market Timing on March 13th, 2012 by Renn Valo

OBOSS pushed into extreme over bought territory today.

This is exactly the scenario we  mapped out earlier this month when OBOSS returned to neutral (See March 8th)
There is still room for the market to move higher.  If you’re waiting on the side lines, this is not a good time to start buying new positions.  Protecting profits is job #1.  Considering reducing risk on any sharp move higher.

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OBOSS Market Timing 02/03/12 'OBOSS at 2.18'

Posted in Alerts, OBOSS Market Timing on February 3rd, 2012 by Renn Valo

OBOSS is climbing further into extreme over bought territory.  There is still room for the market to move higher, but there is risk that the market will move lower to correct the imbalance.

If you’re waiting on the side lines, this is not a good time to start buying new positions.

Protecting profits is job #1.  Considering reducing risk on any sharp move higher.

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OBOSS hit 2.10 at the open this morning which is extreme over bought.

Posted in Alerts on February 3rd, 2012 by Renn Valo

We will have to see how the market closes, but today could mark a move into extreme territory.

Caution is advise as OBOSS pushes further into extreme territory.  Protect profits.

OBOSS Market Timing 12/12/11 'OBOSS at 0.14'

Posted in Alerts, OBOSS Market Timing on December 12th, 2011 by Renn Valo

OBOSS is neutral.

The OBOSS trend line has switched from negative to neutral which could indicate that the markets are about to move higher.  In the past we’ve seen the markets build momentum just as the OBOSS trend line changes direction.  We shall see if this holds true again this week.  There is a lot of headline risk in the markets, but there are good reasons to be positive as the economy is growing, albeit slowly.

Caution is advised as OBOSS doesn’t give us a lot of clues while it is within the neutral zone.  Normally we review SPY’s 50 day moving average to see if the market is trending up or down and trade accordingly.  Take trades with the trend while keeping in mind where OBOSS and the market have come from recently.  If the market is in the middle of a snap back rally, it may be time to let profits ride while keeping a tight stop on winning trades.  If on the other hand, the markets are pulling back from over bought levels in an up trend, it may be time to look for upwardly trending trades.  SPY’s 50 day moving average is a good indicator of the overall trend, but it does lag during reversals off over sold and over bought levels.  When this happens, look at shorter time frames (5, 10, and 20 day moving averages) and look for higher highs and higher lows or lower highs and lower lows in price for an indication that the trend might be changing.  This will help you find the best trades in a neutral market.

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OBOSS Market Timing 10/27/11 'OBOSS at 2.54' (INTRA DAY READING)

Posted in Alerts, OBOSS Market Timing on October 27th, 2011 by Renn Valo

We are seeing a very strong move in equity markets today and OBOSS is hitting intra-day highs at this time.  We don’t normally look at intra-day readings unless we get very extreme.

OBOSS levels higher then 2.5 is a very good indication of an impending pull back in prices.  This is a good time to reduce risk, close margin, and take profits by scaling out on moves higher.

 

OBOSS Market Timing 08/10/11 ‘OBOSS at -2.59′

Posted in Alerts, Buy Alerts, OBOSS Market Timing on August 10th, 2011 by Renn Valo

OBOSS closed in extreme over sold territory today.  This move is unprecedented when reviewing the fear, advance decline numbers, and OBOSS.  Investors are throwing equities out (even the best companies) without a second thought.  If history is any guide, buying when everyone is this fearful is a difficult but smart  investment.

OBOSS Market Timing 08/09/11 ‘OBOSS at -2.11′

Posted in Alerts, OBOSS Market Timing on August 9th, 2011 by Renn Valo

OBOSS closed today at -2.11 which is still over sold after the explosive end of day rally.  This tells me that the market has more room to the upside.  Barring Europe sinking into the Atlantic tonight, we should see a nice snap back rally in the works.  Caution is advised as there is still headline risk, but it looks like the worst is behind us for now.

 

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OBOSS Market Timing 08/08/11 ‘OBOSS at -3.43′

Posted in Alerts, Buy Alerts, OBOSS Market Timing on August 8th, 2011 by Renn Valo

OBOSS closed at -3.43 which is an all time low for this indicator.  During 2008-2009 -2.5 was the most oversold the market got before a bounce / relief rally.  We are seeing panic in equity markets with very few buyers surpassing the panic in 2008 (when viewed from the A/D line).  U.S. companies are the best run companies in the world and there are few alternatives where we can put money to work and stand to benefit from innovative ideas and ground breaking discoveries.  I am a buyer when OBOSS signals we are in extreme over sold territory.  Today’s action showed signs of capitulation which is the only encouraging thing to say about the price action.  Caution is advised as the market is in a down trend.   Do not use margin for bounce trades against the trend as you could be forced out of the trade before the rally starts.

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OBOSS Market Timing 08/04/11 ‘OBOSS at -2.55′

Posted in Alerts, Buy Alerts, OBOSS Market Timing on August 4th, 2011 by Renn Valo

OBOSS closed at -2.55 which is considered extremely over sold.  This reading correlates to some of the worst days during the 2008-2009 bear market.  We were watching for buying opportunities on TNA between 55-59 today and that range was taken out.  This is why you want to scale in slow if you get an early start (before OBOSS is less then -2.0).  Now that we have a confirmed extreme over sold call on the market, TNA is a buy at this level (54) and lower.  The target snap back rally / relief rally is 72-77.  This is also near the area where TNA initially broke down earlier in the week.  Whenever OBOSS gets this extreme, a relief rally is in the very near future. Since the market is in a down trend it is prudent to take profits as they develop.

We have an official OBOSS buy indication.

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OBOSS Market Timing 6/15/2011 “OBOSS at -2.22″

Posted in Alerts, OBOSS Market Timing on June 15th, 2011 by Renn Valo

OBOSS closed at -2.22 and the market was ugly today.  There are fundamental reasons why sellers over took buyers, but at the same time price action like today is pricing in Armageddon which is not likely.  OBOSS is extremely over sold and we don’t have a lot of room before it hits the max level of -2.5.  Today I pulled an old OBOSS chart out from early 2009 when the market was crashing and OBOSS wasn’t as extreme as it this week.  That tells me that today’s selling is emotional.  Unless the world is really coming to an end, this is most likely a buying opportunity.  If you’re a buyer, scale in slowly in good quality stocks and don’t use margin.

Below you can compare today’s OBOSS readings to the readings we had in early 2009 right as the market turned around.

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OBOSS Market Timing 6/10/2011 “OBOSS at -2.49″

Posted in Alerts, OBOSS Market Timing on June 10th, 2011 by Renn Valo

OBOSS closed at -2.49 which is as close to -2.5 as the market can get without actually tagging the most extreme over sold level.  The market tried to rally several times during the week, but failed.  Everything seems so negative that it is almost impossible to look at the market in a positive way, but with OBOSS at -2.49 we should be looking for a bounce within the very near future.

Look for good quality stocks to take advantage of the coming relief rally.  The last time OBOSS was at this level was March 16, 2011  If you had purchased SPY on March 16th and sold when OBOSS hit +2.49 on May 2st (NOTE: OBOSS hit +2.49 on May 1st, so May 2nd was your first chance to sell), you would be up over 10 points!  Using TNA you would have been up over 26 points!!! (NOTE: TNA is a high risk triple leveraged ETF – only suitable for the professional trader).

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OBOSS Market Timing 6/7/2011 “OBOSS at -2.24″

Posted in Alerts, OBOSS Market Timing on June 7th, 2011 by Renn Valo

OBOSS is holding at extreme over sold levels.  A bounce started to develop during the day, but lost momentum and failed.  We are waiting for a relief rally to work off this over sold condition.

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OBOSS Market Timing 6/6/2011 “OBOSS at -2.41″

Posted in Alerts, Buy Alerts, OBOSS Market Timing on June 6th, 2011 by Renn Valo

OBOSS closed at extreme over sold levels today.  This indicates the market is over sold.  Normally we see a rally within a few days of hitting extreme levels.  We could still see some follow through to the downside taking us to -2.50, but within a short time we should see a relief rally.

If you’re buying this dip (with high quality stocks), keep in mind that this cycle up may just be a relief rally and we will have to see how strong it is in relation to the current trend before getting more aggressive to the up side.  SPY’s 50 day MA is leaning down (slightly) – mostly it is flat.  SPY is trading under the 50 MA so caution is advised and excessive risk taking should be avoided.  Overall the market is in a large trading range and we are now near the lower end of that range.

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OBOSS Market Timing 5/02/2011 “OBOSS at 2.20″

Posted in Alerts, OBOSS Market Timing on May 2nd, 2011 by Renn Valo

OBOSS closed at 2.20 today.  Protecting profits is job #1   As OBOSS falls back to healthier levels we can look at buying some bargains.

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OBOSS Market Timing 4/29/2011 “OBOSS at 2.49″

Posted in Alerts, OBOSS Market Timing on April 29th, 2011 by Renn Valo

OBOSS closed the week out at 2.49 which indicates the market is over bought.  OBOSS tagged 2.5 during the day on Friday, but closed just a hair off the max level.  In the past when OBOSS hit this level we saw consolidation following the signal soon afterwords.

Protecting profits is job # 1

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OBOSS Market Timing 4/27/2011 “OBOSS at 2.3″

Posted in Alerts, OBOSS Market Timing on April 27th, 2011 by Renn Valo

OBOSS closed today at the semi extreme level of 2.3 This indicates that the market is getting over bought.  The market is  in a strong up trend and we should protect profits by following portfolio sell rules.  Usually when the market gets to this level we see pull backs which provide great buying opportunities to enter new positions and add to existing positions.  We still have room to the upside, but caution is advised if we see a sudden move higher tomorrow without a lot of supporting volume.   The best case scenario would be consolidation at this level letting OBOSS fall back under 2.0

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OBOSS Market Timing 3/16/2011 “OBOSS at -2.30″

Posted in Alerts, Buy Alerts, OBOSS Market Timing on March 16th, 2011 by Renn Valo

BOSS closed at -2.3 which is a signal the market is severely over sold. OBOSS is signaling that a bounce is very likely tomorrow or in the very near future. We have not gone from an over bought condition to an extremely over sold condition this quick since the financial crisis in 2008. This signal comes at a time when the up trend is questionable. The 10 and 20 day moving averages on the S&P 500 are moving down and now the 50 day looks like it might start declining soon.  The price of the S&P500 is below it’s 50 day moving average as well.

This is a good time to review your portfolio for any stocks that are not high quality and re balance by selling the risky positions and using that buying power to scale into higher quality stocks.  In other words… if you’re holding lotto plays, sell them now and use the cash to buy something of value asap.  After we get the bounce higher it will be a good time to review the market overall.  If the S&P 500′s 50 day moving average is moving down after the bounce, you might consider increasing the amount of cash in the portfolio.  If you are on margin, it is time to close it out.

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OBOSS Market Timing 2/14/2011 “OBOSS at 2.11″

Posted in Alerts, OBOSS Market Timing on February 14th, 2011 by Renn Valo

Not much to say about today’s action, but we’re still hovering around 2 which means we should see some consolidation this week. Considering how strong this up trend is we should be reviewing stocks that we want to add to our portfolios during the next consolidation. In other words… buy the dip when you see it :-)

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OBOSS Market Timing 2/11/2011 “OBOSS at 2.10″

Posted in Alerts, OBOSS Market Timing on February 11th, 2011 by Renn Valo

It was a great week to be invested in stocks. We had a few good days of healthy consolidation and a few strong rally days. Today pushed OBOSS > 2 again so we will expect next week should bring us some more consolidation to work off the over bought condition, but we are in a healthy bull markets so hopefully it will continue to be a time based consolidation vs. a price pull back.
When OBOSS is greater then 2 we should be protecting profits by watching our portfolios closely for any stocks that are showing weakness. Let your winners run and hopefully we’ll have a good buying opportunity next week to add  more winners to our portfolios.

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OBOSS Market Timing 2/8/2011 “OBOSS at 2.22″

Posted in Alerts, OBOSS Market Timing on February 8th, 2011 by Renn Valo

OBOSS closed at 2.2 today which is considered an extreme level for this indicator. Enjoy the profits and keep a close eye on your portfolio. Our job at this time is to protect profits and look for buying opportunities. With OBOSS being above 2, I would hold off on new purchases until after the market consolidates. The market will consolidate through time or through price action. A time consolidation could have the market hover near these levels until the over bought condition is worked off. A price consolidation would reset the over bought condition by declining prices.

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