the system says another down day for tomorrow.
Will go to 1.5x.
It might pay to trade something tracking emerging markets as they will probably react badly overnight to the domestic move today.
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About Me
- Forecaster
- I originally developed this stock market timing system to trade leveraged mutual funds within a retirement account. It appeared that traditional "buy and hold" strategies would not generate the returns I desired in the time frame I needed. I wanted a mechanical trading system that took the emotion out of making decisions about the future moves of the markets. This system gives a "end of day" call for the next days market direction. On some days it requires some input from the trader as the signal may be dependent on the closing price of a particular index. It can be traded using etf's or mutual funds. This blog is for entertainment purposes and to track the development of this system. It is not intended to be used as advice. Use at your own risk!
I am looking for a turn here,..am biased for UP into Fri 05-15, my next 3 week cycle date. Cumulative Intraday NYSE TICK is oversold,...I am leaning toward Long for Thurs.
ReplyDeleteRegards, Jim
Yes, We could bounce as some are looking to buy dips. That is why I will trade the emerging markets...hoping they will gap down and hold negative even if the domestic markets bounce. Good luck all!
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