The call for Monday is to go short unless the adre closes above 36.35.
Will trade the rut if short and emerging markets if the call is long at 1.25x.
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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!
Tricky call for Mon,..trend change likely at close today, or early Mon,.
ReplyDeleteI will wait till neare the close to decide,..if we sell off into the close, could be a Low, with an UP day for Monday,..that is my bias at this rime. But if we rally from here into the close, then I would keep my partial short position. Have a good weekend.
Regards, Jim P.
Hi, We have had a lot of big Mondays, but that may be anticipated so it could be flatter this Monday. We don't have much in the line of economic reports till Thursday. I would guess that we might close up a little by Mondays end, but will follow my system's call which looks like it will be to stay short
ReplyDeletewell, I know this is not what you would like to hear, but I am biased for another UP Monday.
ReplyDeleteWe are selling into the close (here on Fri),..and the Cumulative TICK for Nasdaq is oversold,..etc. and there is a likely short term trend change on the open for Monday,..I suspect a move up.
My next 3 week cycle date is Tue 06-09 is now likely to be a turn Down from High,..that is my bias FWIW.
Either way, good luck with your positions. One of us will be right! Have a good weekend.
Regards, Jim P.
do you guys consider TRIN and TICK for forecasting next days signals
ReplyDeletei have followed you from poor2rich group.t so i know you dont want to divelge exact entry criterio but if you can point me in the correct directions
ReplyDeleteBill
As to your Questions. I personally do not use those indicators. I do watch tick for day trading but that is not related to the system.
ReplyDeleteAs to the second comment, I am not clear about your question. My personal entries are before the close of the day previous to the call. Mostly I trade leveraged mutual funds from either Direxion, Profunds, or Rydex. The best way to do this is start an account directly with one of these companies.
Alternatively you could trade other leveraged or non-leveraged etf's that track these indexes. To closely match the system's returns one should enter near the close to capture the overnight gap. A lot of the system's gains are from these gaps. I am not sure if that answers your comment.