The call is 25% long Emerging Markets and 75% long Rut.
I will trade at 60%.
The Domestic call has the bias.
Will update. The call stands.
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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 partial short SP500 for Friday. My ST Cycle says UP into Monday 06-07,..and sentiment today (Thurs 06-03) is fearful with $CPC = 1.02,..and ISEE = 82) both solidly fearful readings which suggest additional upside on Fri. But other methods suggest lower,..and that is my bias. So I have a small short position.
ReplyDeleteGood luck on the long side though, you likely are right.
Regards, Jim P.
With this market I need all the luck I can get. My call may change if the market moves much from here to close.
ReplyDeleteI can see reason to go higher and vice versa. So will follow the system's call.
One concern of mine is the Euro,..at 121.63 now,..just barely above the 121.40 KEY support level. IF we take out 121.40,..and then 121,..I think SP500 will fall apart. And analysis of Euro gives an 80% chance it will break lower. So I am biased short for Friday. Just my thoughts. Later, Jim
ReplyDeleteEuro has Descending Triangle, ..likely negative outcome:
ReplyDeletehttp://finviz.com/fut_chart.ashx?t=6E&cot=099741&p=d1
This is my concern. Jim P.
Yes, I think the current market is vulnerable to bad news more than in the past months. Not comfortable being so long... we shall see.
ReplyDelete