Daily Note

Time Layering

Dec 3, 2020

Thomas Thornton

  • The market continues to churn slightly higher with the Nasdaq up now 8 days in a row
  • I look at some shorter term time periods on SPX, NDX and IWM 
  • There is a very strange and concerning development with an Erlanger short interest study
  • I also posted the characteristics of what is happening within each wave - this will help you understand wave theory forever
  • And the DeMark Sequential and Combo primer for your reference
  • I raised stops on both longs and shorts on some names and covered EEM and MCD
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