It appears you didn’t look at the zbt table I posted above as it has never failed since 1950 – it is statistical research not an opinion – when the facts change then I have to change my outlook which is now bullish since April 24th (zbt signal date) at which time you were going short the market – Mr McClellan most likely will also be wrong ignoring the thrust signal. The failures he’s talking about happened in the 1920s which are not relevant as the market structure was different and the sp500 didn’t even start until 1957.

i dont believe randy takes advice from anyone…facts are facts ..hes been wrong
dead wrong on this move for quite a while no matter how he spins it…

CPI # or TRump opens mouth I think will give us a down gap and go …imo

Comments like this baffle me both on how the part where being diversified makes you very conservative (not sure why or how having positions spread out into different asset classes, sectors, and stocks; long (the most bullish) & short (those with bearish charts) is in any way shape or form, conservative or a money-losing strategy.

Leaving money on the table?? Do you really expect to find a service or even believe any individual on earth exists that milks every cent from every trend (bottom to top or vice versa when short) on every trade?

We milked the move down from the 2024 ATH’s about as perfectly as humanly possible, even gaming that first kickback rally into the 200-day MA’s & getting back into the shorts there for more active swing traders.

Then, without mixing words or any ambiguity, I shared my thoughts on the reason for covering shorts & shifting to 100% long equities leading into the April 7th lows, literally stating (on that day the market bottomed):

“I don’t have any indirect hedges that I’m using in my active trading account. I am long equities, short the $VIX, & short Treasuries (see video that I just published). VIXY was a good hedge to being long equities coming into today but now that it hit T2 with the SPY & QQQ hitting my next long-term targets while oversold (i.e.- increasing the odds of a tradable bounce), should equities mount a half-decent or better (5%+) bounce today and/or this week, the $VIX would likely pullback substantially.
If these long-term price targets on QQQ & SPY and T2 on VIXY prove to merely be speed-bumps on the way to the next targets, then VIXY could spike up to T3 this week. I favor the former (bullish/short-covering rally) scenario over the latter but will adjust accordingly, depending on what I see today & as the week progresses.
Regardless, I do not think the R/R is favorable for opening new short positions on the stock market right now, only longs (with the appropriate stops below, for active traders, of course). Typical swing & trend traders should stick with their trading plan & not be swayed by the big intraday swings due to the extreme volatility unless there are compelling changes in the charts that would suggest doing so.”

https://rightsideofthechart.com/vixy-2nd-price-target-hit-for-100-profit-4-7-25/#comment-35164

Since the market bottomed that day on April 7th, QQQ rallied 17% (I was calling for a bounce of around 16-17% before the bounce) very quickly to the bottom of my bounce target zone, which was my stated preferred level to book profits on the longs & start scaling back (but not full, only gradually) into shorts up to but not above the top of the scale in zone/500ish on QQQ.

So basically, the QQQ swing trades YTD & even the long-term trend trades have caught the bulk of the previous big drop & about 1/2 of the bounce off the April lows with a gradual scale back into shorts that, at least for my trading plan, is on hold pending the aforementioned sell signals (uptrend line breaks & drop back below the 200’s).. or a scale/stop out plan if the market continues to gain much from here.

..and then there’s all the other “stuff” swing trades, long & short, on individual stocks, bonds, & various commodities, many of which are uncorrelated to the stock market.

Full article if link doesn’t open:

Don’t bet too heavily on the bullish Zweig Breadth Thrust signal, McClellan says

ByTomi Kilgore

A lot of Wall Street technicians have been talking about the bullish Zweig Breadth Thrust that was triggered on Thursday. The signal, conjured by the late Martin Zweig, appears after calculations of market breadth relative to certain moving averages, as the McClellan Market Report editor Tom McClellan said, show that “breadth numbers go from pretty ugly to pretty great in a rapid reversal.”

McClellan said since the 1980s, the “ZBT” has done “pretty well” at marking interesting buy levels for strong new uptrends, but acknowledged that it hasn’t been perfect. For Thursday’s ZBT, McClellan said his expectation was that it “is not going to turn out to be a stellar example of this signal.”

He believes the market strength that triggered the ZBT is a “typical bear market countertrend rally,” which could fizzle fast. McClellan has been neutral for short- and intermediate-term trading cycles the past two days, after being bearish for the previous seven sessions.

For long-term trading styles, he has been bearish for a while: “We are still in a bear market, and it has more time yet to run.”