Tonight’s evening watch was prepared by Geoff Bysshe, President, MarketGauge.
Today was just what the bull market needed – consolidation in the leading indexes and strength in the broader market. While the Q’s struggled to move higher, the IWM climbed …
Current Positions:
Position: Long XOP 76.25 ATR 1.38
Name of Instrument: SPDR S&P Oil & Gas Exploration
Sell Stop: 76.47
Current Price: 78.02
Reason for Trade: After basing for 10 days on its 200 DMA and a prior weekly breakout …
Longs:
KMX
XME
AMGN
CTXS
ITB
EWW
IYR
TWTR
SODA
TWC
NBL
EEM
Shorts:
LVS
CB…
Tonight’s evening watch was prepared by Geoff Bysshe, President, MarketGauge.
Four doji’s pretty much sums up the market today – undecided. SPY, DIA, QQQ, and IWM all opened higher, tried to continue and then fell back to test prior day’s …
NEW Position: Long XOP 76.25 ATR 1.38
Name of Instrument: SPDR S&P Oil & Gas Exploration
Sell Stop: 77.47
Current Price: 76.33
Reason for Trade: After basing for 10 days on its 200 DMA and a prior weekly breakout level, …
You can view the ETF Complete Portfolio’s current positions and performance at this link:
https://marketgauge.com/recommendations/etf-complete/etf-complete-model-portfolio/
If you have any questions about getting started please drop us an email at:[email protected]
This Week’s Strategy Lesson: Exciting New Changes and Updates for Your …
This week there were no position changes in the ETF Country Plus model. Our current three positions are FXI, TMF, and IFN. For those trading the “Stops & Targets,” TMF is only 2/3rd’s of a position.
The MSCI World Index …
In the Basic model, our three positions are SOXL, ERX, and TECL. In the Stops & Targets model we are out of SOXL, out of ERX (see below), and have a full position in TECL.
The SPY closed the week …
If the markets are in a melt up phase then one day of rest is all they need to move higher. The SPY got it's rest day on Friday. The QQQ refused to close lower, but it too spent the …
NEW Position: Long XOP 76.25 ATR 1.38
Name of Instrument: SPDR S&P Oil & Gas Exploration
Sell Stop: 74.87
Current Price: 76.33
Reason for Trade: After basing for 10 days on its 200 DMA and a prior weekly breakout level, …