Market internals show that there's more bullishness ahead, but there is one set of indicators that reliably tell us how to spot the next pause.
To read about these indicators, get the full article which covers: Market Internal Indicators
Short-term Support & Resistance Levels
Market Projections and Planning Your Trades
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The full article covers:
Market Internal Indicators
Short-term Support & Resistance Levels
Market Projections and Planning Your Trades
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. The full article covers:
Market Internal Indicators
Short-term Support & Resistance Levels
Market Projections and Planning Your Trades
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. The bombing from Iran last night was initially thought of as another war in the Middle East. However, it then became apparent that it was just a face-saving strike. (This is a war game staged for reality TV and social media.)
So traders eagerly bought the dip from overnight all the way into end of day today. This is what happens when you have the Fed steadily pumping liquidity into the system, papering over all manner of sin. There's so much money sloshing around looking for any dip to buy. The full article covers: Market Internal Indicators
Short-term Support & Resistance Levels
Market Projections and Planning Your Trades
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. We have been encouraging our readers to take a cautious approach and not to chase prices up, even as prices seemed to have recovered since Jan 3.
This turned out to be a good strategy given the latest bombing news this evening that sent futures tumbling sharply. $SPX $NDX $RUT were still searching for direction at closing today. Then came the bombing news this evening, and they all dropped sharply, and dropped a good chunk. Even before the bombing news however, market internal indicators were turning bearish, or at least flashing yellow. This provides us with some clues as to the scale of this dip. The full article covers: Market Internal Indicators
Short-term Support & Resistance Levels
Market Projections and Planning Your Trades
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. Market Context
On Dec 31, we described that $SPX $NDX $RUT were still leaning bullish. Prices were ready to climb out of the shallow dip and Surge10 was to be resume. And the following trading session 1/2/20 saw $SPX $NDX gapped up big and rose up sharply, suggesting that the dip was over and Surge10 was back. However, when we saw this gap up on Jan 2, we alerted you to the fact that it may actually be a setup for a top. We recommended not to chase prices up, or initiate new long or short positions yet. (We were actually starting to trade TZA in the Model Portfolio.) The prudent approach turned out to be a good strategy because Fri Jan 3 brought big drama. The bombing news made $SPX $NDX $RUT gap all the way down to Support2. They then rose up and formed a dramatic top. The full article covers: Market Internal Indicators
Short-term Support & Resistance Levels
Market Projections and Planning Your Trades
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. Welcome to a New Year and a New Decade! May you find Profits and inner Peace in your trading in the days to come.
In the intraday updates posted on 12/31/19, we described the 3 scenarios we were monitoring for. It appears at this point, that scenario 1 is the one that’s happening. $SPX $NDX seem to be finding support in a narrow sideway zone. $RUT has more dramatic moves, but it too is finding support by going sideway. The full article covers: Market Internal Indicators
Short-term Support & Resistance Levels
Market Projections and Planning Your Trades
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. |
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