Busted Head & Shoulders -- Busted!

Not withstanding this morning's decline, the Calendar shows today and tomorrow as up days. This morning reminds us the the Calendar is just a tool and is not always right. Today's news is that the market is down because they didn't like what Trump had to say and expectations were not met. I watched and he didn't meet my expectations. NEWS TRUMPS EVERYTHING IN TECHNICAL TRADING!! However, normally a news trade is purely emotional and that after a big drop, it presents a good buying opportunity. Or 30 factor model gave us a strong buy signal expecting the tomorrow to by up. The rule for a news trade is to buy on bad news that is not justified (like what we have now) and cover in 1 to 3 days. We are staying 100% long and will revisit that call this afternoon. The day's not over and the decline is on low volume. It could still be an up day. It ain't over until the fat lady signs! Come back and check again at 2:40 pm. IF WE DON'T POST, IT MEANS WE HAVE NOT CHANGED OUR CALL. Visit our website to see the Calendar.