#SwingTrading the NYSI — Day Ten— 01/18/23 — Crypto Stocks

THE SIMPLE TRADING STRATEGY

Short-term swing trading: When the NYMO turns up, it is time to buy stocks on the next open. When the NYMO turns down it is time to sell stocks on the next open.

Longer-term swing trading: When the NYSI turns up it is time to buy stocks on the next open. When the NYSI turns down, it is time to go to cash or to go short on the next open.

The NYMO and NYSI are both derived from the McClellan Oscillator. They are to my mind the best measures of stock market mass psychology, measuring the swings from fear to greed and back again, and the best indicators of market direction.

Most stocks move best with the market.

Simple as that.

Who says history doesn’t repeat itself?

First notice on this swing trade given here: #SwingTrading the NYSI — Day One — 01/04/23 — Crypto Stocks.

The NYSI turned up 1/3/23 giving a buy signal for the 1/4/23 open.

These are the crypto stocks moving with the NYSI now (1/13/23):

MSTR is up 49%, MARA up 130%, RIOT up 89%, and COIN up 45%.

That is in eight trading days. Far better than any move in the crypto currencies themselves?