The sell signal for long term bonds (TLT) has been cleared. I’ve seen a lot of chatter on Twitter lately from people liking US bonds now that the fed isn’t tapering yet. I suspect this theme will continue until fear builds that a taper will occur at the next meeting.
The counter trend bounce signal for IBM has been cleared as well. IBM had a small bounce, but the failure of IBM at its 200 day moving average with falling sentiment just above the zero line increases the odds that IBM will continue its downtrend or at the least need more time to form a bottom.