The call is to be short for Monday if the rut closes above 521.35
Will trade rut at 1.75x.
Subscribe to:
Post Comments (Atom)
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!
You are likely right on Mon being lower,..I have mixed signals. One negative on Fri was the ISEE bery high near 200, and at a SELL level. That usually has next day negative implications. Also, bothe SP500 and VIX were higher, and in the past that usually results in next day weakness. So I suspect you ar ecorrectly Short for Monday.
ReplyDeleteAlso, my next 3 wk cycle (likely pivot) date is on Tue 06-16, and IF we are lower on Monday as your signal suggests, then I would be biased to look for a turn UP on Tuesday.
Hope your weekend was a good one.
Later, Jim P.
Good morning Jim and everyone else viewing, futures are down but is hard to keep this market down recently...Good luck to all trading this week!
ReplyDelete