S&P 500 confirmed the breakaway gap with a relatively healthy digestion day-shown perfectly with a doji candle if you are a fan of Japanese Candlesticks. That’s SPY.
NASDAQ, not to scare anyone, could have posted a reversal candle only the …
****NOTE: ANF stopped out 36.26
++++++++++++++++++++++++++++++
New Position: Long PLD 41.31 ATR .56
Sell Stop: 40.27
Current Price: 41.05
Name of Instrument: ProLogis Inc
Reason For Trade: Nearly 3 months of consolidation, clearing the 50 DMA, over the 80 month …
****NOTE: ANF stopped out 36.26
++++++++++++++++++++++++++++++
New Position: Long PLD 41.31 ATR .56
Sell Stop: 40.27
Current Price: 41.05
Name of Instrument: ProLogis Inc
Reason For Trade: Nearly 3 months of consolidation, clearing the 50 DMA, over the 80 month …
Longs:
CNX
SPWR
HST
TXT
EOG
AXL
SWI
KSS
CIEN
YUM
GCI
MSFT
PLD
STX
PM
V
DAN
EQT
Shorts:
PAA
DTV
PG
D
JOY…
Last breakaway gap in the S&P 500 was back in April 2013, which was good for a rally that lasted the following 14 trading days until a textbook reversal candle ended the fun.
Tuesday, we saw another potential breakaway gap …
****NOTE: ANF Reports Thursday-at this point play it out but if not stopped out have to exit ahead of report
+++++++++++++++++++++++++++++++++++
Existing Position: Long ANF: 38.20 ATR 1.35
Name of Instrument: Abercrombie & Fitch Co.
Sell Stop: 36.26
Current Price: …
****NOTE: ANF Reports Thursday-at this point play it out but if not stopped out have to exit ahead of report
+++++++++++++++++++++++++++++++++++
Existing Position: Long ANF: 38.20 ATR 1.35
Name of Instrument: Abercrombie & Fitch Co.
Sell Stop: 36.26
Current Price: …
This Week’s Strategy Lesson: Designing a Strategy (Part 5)
This week we are continuing our series on how to build a model around our core concept of trend strength and persistence. Last week we covered the important topic of money …
This week we made no position changes in the ETF Country model. Our current three positions are EGPT, TMF, and IFN. To open next week (Monday is a market holiday), we will remain in those three ETFs.
The MSCI World …
This week there were no position changes in the Sector Plus model. Our current three positions are SOXL, ERX, and DRN. To open next week, we will remain in those three ETFs.
The SPY closed the week up +1.22%. The …