The call is 25% long Emerging markets and 75% long Rut.
I will trade at 60%.
The Domestic call has the bias.
May not be good to be long after today, tho we typically get a rebound.
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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 too am 100% Long SP500 for Monday. Sentiment is fairly fearful. After starting the day very weak...the CBOE P/C ratio ($CPC) has firmed to .91,..a moderately constructive reading.
ReplyDeleteAlso, the ISEE Call/Put ratio at 94 is firmly in under-believed territory. These readings are constructive for upside on Monday, IMHO. Here is link for P/C progress through the day Thursday,..note how we have firmed as the day progressed.
http://www.cboe.com/data/IntraDayVol.aspx
Have a good weekend,..
Regards, Jim P.