The buy signals for Visa (V) and MasterCard (MA) over the past month were closed today (5/20/14). Both of them suffered small losses. The fact that there have been a lack of buy signals since the first of the year and the ones we’re getting are failing suggests that there isn’t momentum to push the market higher. Every buy signal from the first of the year has had a small loss (from -.37% to -4.66%). Meanwhile, three of the four short signals have been winners. Just another sign of how weak the underlying market is.
