The call is to be short if the spx closes above 920.72.
Will trade the spx at 1.75x.
The call ended up long for Monday.
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- 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!
To make it clear , if SP500 closes below 920 then we need to assume that it is long right ??
ReplyDeletethanks in advance ...
Simple math raju
ReplyDeleteHello Anonymous ,
ReplyDeleteThanks for advise , i feel nothing wrong in asking if you are not sure . Unlike you i am not a big techie .
Long for Monday sounds good here, ..P/C ratio very firm,..plenty of fear here. Market should have declined more on Fri,..it did not,..likely a bullish sign. I too will be long for Monday. Have a good weekend.
ReplyDeleteLater, Jim
Early Tuesday is da turn down. So up Monday for sure. Going up to late July. No more lower than 888 spx. Up up and away. Too many people on same page thinking same thing that we go down. Na...not gonna hapen.
ReplyDeletett
The signal may switch to the short side...Have a great weekend everyone.
ReplyDeleteJust wondering,...what was final verdict,..Long or Short for Monday?
ReplyDeleteThanks. Jim
Sorry ,..from your post,...I see you ended up being Long for Monday. Me too,...so we are in sync. Regards, Jim
ReplyDelete