The call is to switch long.
Will trade spx at 0.5x.
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Trading Blogs
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 hate to disagree, but I am strongly biased for a down day tomorrow, Fri 06-26, which is a 3 wk cycle date (likely pivot) and shows from other methods as well,...as being a likely turn to the downside. I am going short on the close Thurs. Good luck though,..one of us will be right!
ReplyDeleteRegards, Jim
Yes, I am reducing my exposure. We shall see.
ReplyDeleteI like your format
ReplyDeletebut we could collaborate
Im at
http://jaywiz.blogspot.com
Jay
I agree with Forecaster with a switch long for Friday. The bottom is in and the decline will be shallow.
ReplyDeletett