October 14, 2019 06:47 AM RSS

Superstock Investor Timing Tool Now Oversold On The Dow Jones Industrial Average

  • Wall Street Rebel | Geoff Garbacz
  • 01/19/2017 06:56 PM
Superstock Investor Timing Tool Now Oversold On The Dow Jones Industrial Average

The Dow Jones Industrial Average almost hit 20,000 last week but since then it is lower 5 days in a row.

When sell-offs happen, we at Superstock Investor use the QPI Oversold Oscillator to alert us when to be a buyer of stocks as they sell off.



The QPI Oversold Oscillator needs to hit 30 to trigger a new buy and with today's close it has done that. The last oversold reading was in November in front of the election. Then before that September. As you can see, it does a very good job. There however is one trick to th Oscillator and we will discuss that tomorrow in a followup piece.

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