SHORT-TERM MODEL THINKS THE TREND IS UP, HOLDING BOTH SHORT (TRAPPED) AND LONG OVER THE WEEKEND
The bottom line, bears finally see some light at the other side of the tunnel, just hopefully it’s not the light of a roaring incoming train. Although such odds (roaring train) are low (which as usual, I’ll present my witnesses in the weekend report) but there’s no sure thing in the stock market, so let’s see what the next week brings us before waving your claws.
I have no idea about the next Monday, seems since the Aug lows, we had more green Mondays.
Enjoy your weekends! And my fellow Canadians, happy Thanksgiving!
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM | ENTRY | STOP LOSS | Current 2*ATR(10) value: SSO=12%; SDS=12%; UPRO=18%;SPXU=18% | | Non-Stop | 09/23 S | N/A | | | Cobra Impulse | | | *For SPY, put a GTC limit buy 15 cents above 10/04 low. Stop loss = 1.7*ATR(10). | |
Disclaimer
The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.
This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.
