The All-Important $NYSI

When the NYSI turns up it is time to buy stocks.

And when the NYSI turns down, it is time to go to cash or to go short.

Most stocks move with the market. Simple as that.

Kennedy Gammage, the late great market timer, used to say “Buy when the market tells you, sell when the stock tells you.”

With a wink of his eye what he didn’t say was most often the stocks tell you at the same time as the market, and except for rare exceptions, one might as well buy or sell at the same time.



Journalist, film critic, screenwriter, proprietary trader seeking simplicity in trading.

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