Timer Digest Market Commentary

Fari Hamzei

Once you study our Timer and Vol Index Charts, two issues are worth noting:

First our Timer Chart shows (mentioned here last Friday) that we are short-term overbought and due for a pause -- which BLS delivered today with the first negative NFP data in 4 years (and a massive revision to July NFP data).


Secondly, our Vol Indices chart sets the volatility retest targets both in shape and intensity (when overlaid with Sigma Channels).



Given that the seasonality data calls for September being a negative month, dollar being at 15-year low and CFC announcing a 20% layoff after the close today, we hope you have been SHORT this market and getting ready to lower your buy stop.


Just remember: the second mouse gets the cheese !!