Timing Stock Market Successfully
  • Home
  • Members
  • Testimonials
  • Subscribe
  • Contact
  • Home
  • Members
  • Testimonials
  • Subscribe
  • Contact

Signals & Trading Plan for Wednesday 12/4/19

12/3/2019

0 Comments

 
Market context
This headline from WSJ "Trump Says Trade War Could Drag On, Stokes France Spat" and others are the reasons for the sharp drop this morning.

We went through this back in May and August.  Most of us now know that both threats and promises like these are empty.  But they do jerk the markets around because there are lots of algos out there trading on headlines.  And algos haven’t been taught the art of taking everything with a grain of salt yet.

Starting in late November, we had been writing about how market internals were sending out messages suggesting that the rise of stocks were weakening under the hood.  All stocks needed was a catalyst to start the selling. All the trade war threats since Monday 12/2 have functioned as major catalysts.  

As a matter of fact, they function so well, they swung $VIX and $VXN from mega complacency into a state of real fear.  We projected in our weekend analysis that $VIX would reach 16 and $VXN would reach 19 when Pullback4 is done. Today $VIX surged up to 18 at its intraday high, and $VXN surged up to over 21.

So does this mean Pullback4 is done yet?  Or will it turn into Major Pullback4?


We have some scenarios and probabilities for you to consider in your trading preparation for tomorrow.

Table of support & resistance levels
We have updated the S/R table to reflect the latest price actions.  
...

The rest of this article covers:
Table of Support & Resistance Levels (more)
Market Internal Indicators
Market Directions: Short, Intermediate and Long Term

Trading with Model Portfolio

To read the full article, register your email here.
You will get immediate full access to all our nightly analysis and trading plans.  
No credit card necessary.   Trial membership is FREE for one month.

Here are testimonials from our readers.

0 Comments



Leave a Reply.

    Archives

    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    March 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019

    Categories

    All

    RSS Feed

Copyright (c) 2019-2022 LOOK Systems LLC
All rights reserved.