Market update

Previous market update here

No change from that previous update so far

but but but.....

We have a so called FOMC day today. I posted our guidelines on what we do on FOMC days here .

Hence, we go into the day rather flat, with very light positions with the buy signals on. The last many days have been very favorable to us, so it does help to lighten  the positions. The rally may continue ferociously upward into 2200 SPX :) , we have no idea to predict the future but that shouldn't matter much. I will use the next signal to trade with the normal size positions.

GLTA!



Market update

VST - on a sell today (ignore = no positions) 

ST - Still on a buy at close today

IT  Turned to buy yesterday

LT/ VLT - Buy = no change

I expect SPX at ~1965 by the end of this month, it means I have a higher target upwards.If you are looking at daily charts and go long, today was such a day. 2.5% stop on IT signals, VST/ ST = get out with profits

Previous update here

Market update

VST/ ST - Turned to Buy

IT - Sell

LT- VLT - Buy

 

Previous market update here

 

ST signal = 4 hour charts = trading, quick buy and sell, book your profits, small stops. Follow the methodology here.

 

Will post tonight if I have any interesting things. GLTA!

 

 

Market update

Previous market update here , no change as of now.

 

I don't see any bottom in the charts right here. Yesterday morning, the market tried to rally but failed miserably. The afternoon sell off was vicious. I see signs of atleast July/ August 2011 (if not more dangerous markets) when I go through the charts. It will be a miracle for the markets to bottom right here, right today. Price is king, but how will the price bottom when there are no indications at all? Bear markets come with bull traps, so beware.

 

 

One of the barometers I use (chart below) is still on a sell, but shows indications of a "near" bottom. Near = doesn't mean today! Near means we are close to it, in time. Not price. The last drop that could be squeezed from the bulls can be big and violent. Hence, don't try to define the future. Just follow the trend.

 

 

If you have any questions on this chart, send me a message or reply below. Good luck!

 

 



Market update

VST/ST/IT - Sell

I remain in cash till this wicked chart resolves.

Previous update here

I stopped out of my long positions 1% into my buy entry yesterday. This is the 2nd time this year that we got a big sell off (like yesterday) right on the day after we got a buy signal, I admit.

Market update

As of close yesterday,

VST/ST - Buy

IT turned to buy , use a 2 - 2.5% stop

Previous IT buy was profitable as I used scaling out.

If you are trading my signals, use my methodology. Please.

Previous update here

Market update

VST/ ST on a buy

IT still on a sell

 

Previous market update here

Market update

Previous update here

 

 

Last week, I have read many traders say that was the bottom. We thought there was more downside to come which we are seeing today.

 

 

ST turned to Sell (hope you took profits at the right time following our methodology)

IT remains on Sell but I see signs of bottom but we follow price (Resistance is SPX 1945)

We will be following VST buy signals from here as turns are important

 

 

Till then, GLTA!

Market update

Quick update as I am travelling right now

ST turned to buy as of now - taking positions

I still think we have some downside left but we will follow the price.

IT (daily chart) - on Sell

Previous update here