The call is to be short for Monday.
I am trading the rut at 2x. I think I will back down to 1.5x for Monday. some talk of pressuring the shorts. We shall see.
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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 neutral here,...likely MM at the close. Seasonality does suggest you are right being SHORT for Monday though,...as next four days have seasonal weakness bias:
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Have a good weekend,...Jim P.
Thanks, you too.
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