|
|
SPY SETUP |
ENTRY DATE |
STOP LOSS |
INSTRUCTION: Mechanic signals, back test is HERE, signals are HERE. TRADING PLATFORM: SSO/SDS, UPRO/SPXU |
Non-Stop |
09/07 L |
N/A |
|
ST Model |
|
|
Long triggered on 01/14, flatted out on 01/19, no chance to follow though. |
Short-term |
N/A |
N/A |
Trend is DOWN. I hold short position overnight. | |
My Thoughts |
Not sure if the much anticipated correction has started, looks like though. | |
SHORT-TERM: SO FAR, JUST A REBOUND
两点说明:
- 今天还是没有lower low,因此熊熊要耐心。如果把今天的high看成lower high的话,熊熊只要breakdown below周五的low,就会有一个1-2-3 trend change pattern了,当然,最好是breakdown below 01/20 lows。
- 暂时定义今天is just a rebound,理由还是周五的下跌很猛,很少有one leg down就结束的,因此at least the Friday’s lows will be tested。
下面的看点。今天的After Bell Quick Summary里提了,明天因为是二月的第一个交易日,可能very very bullish,对熊熊来说,根据N vs N,只要明天牛牛不能new high,而是涨到后天,甚至大后天才有new high就是胜利,by definition,这还是个sellable bounce。当然,如果明天牛牛来个光头光脚的大白棒棒(Marubozo),直接new high了,那么,没说的,熊熊又没戏了,嗯,注意这个“又”字。
下面的图是,Institutions Buying and Selling Trending from StockTiming as requested.
INTERMEDIATE-TERM: IN WAIT AND SEE MODE, WHETHER THE 01/28 HIGHS IS THE WAVE 5 HIGH REMAINS TO BE SEEN
Intermediate-term still in wait and see mode, temporarily bearish biased, see 01/28 Market Recap for more details.
SEASONALITY: BULLISH TUESDAY
According to Stock Trader’s Almanac, first day trading in February, Dow and S&P up 7 of last 8, NASDAQ up 6 years in a row.
HIGHLIGHTS OF THE OTHER ETFS IN MY PUBLIC CHART LIST
- Please make sure you understand how to use the table above. The purpose of this report is to provide info so contradictory signals are always presented.
- Conclusions can be confirmed endlessly, but trading wise, you have to take actions at certain risk level as soon as you feel the confirmation is enough. There’s no way for me to adapt to different risk levels therefore no trading signals will be given in this report except the mechanical signals such as SPY ST Model.
- * = New update; Blue Text = Link to a chart in my public chart list.
- Trading signals in OTHER ETFs table are mechanical signals. See HERE for back test results. 08/31 L, for example, means Long on 08/31.
- UP = Intermediate-term uptrend. Set when I see at least one higher high and higher low on daily chart.
- DOWN = Intermediate-term downtrend. Set when I see at least one lower high and lower low on daily chart.
|