the call is to go short unless the rut closes below 506.01.
Will trade rut at 2x.
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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!
Hi. I hate to say this,..but I am biased for an UP session on Wednesday.
ReplyDeleteTomorrow, Wed 07-01 is my next 3 week cycle (likely pivot) date.
I am biased to view today's (Tue 06-30) selloff as a LOW,..with a likely turn to the upside tomorrow, with a higher close.
Sentiment today (Tue) is VERY constructive, with $CPC at 1.10, reflecting a LOT of fear.
So at the close on Tues, I am going Long. Good luck though,..
have a good evening.
Later, Jim P.
I have to second the motion on Jim's call. He must be reading my playbook or something, hmmmm. Okay I'll add that we finished a ST term cycle today but larger ST term cycle yet to finish. My last post I said we would start rally same day or wed morning. Anyway we began new ST cycle today but soon to fizzle out and resume downward sometime tomorrow afternoon give or take an hour here or there. Should end afetr long weekend making higher low and then off to late July highs before the BIG one.
ReplyDeletett
Hey, You guys are right! Hopefully we will get a little downside from here to ease the pain.
ReplyDelete"Dats wat I'm tawkin bout dawg" re: the sell off this afternoon. Now do you believe?
ReplyDeletett
TT What are your thoughts for tomorrow out of curiosity?
ReplyDelete