The market began to retreat from the top of the predicted range pre-holiday. But, it did not get anywhere near the low end of the anticipated range. In S&P 500, we saw the resistance near the 50 daily moving average. …
Rationales for all the trades
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If the top of range in the S&P 500 this week is the 50 DMA, (162.50) then it stands to reason that 157.00-158.00 area should be the bottom of that range, provided that SPY does not gap above 50 DMA …
Particularly the 80 Monthly Moving Average
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Not all too surprising, the market retreated from the 4 day rally, which followed the harder and more volume-packed 4 day decline thus ending the week in warning phases in all but the Russell 2000’s(small caps) which actually confirmed the …
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4 gaps higher on the indexes this week and although trading the system consistently, my overriding question continues to be “When does the other shoe drop?” I see a strong US Dollar (bullish phase in fact), rates dropping some from …
Slingshots, Phase and Condition Changes Only
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In spite of the fact that all the indexes remain in warning phases, even the small caps (Russell 2000), at least got closer to the 50 DMA after the poorer than expected GDP. Since so much of the market is …
Means we reduce risk but still look for long/short setups
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