INTERMEDIATE-TERM: INITIAL SPX PULLBACK TARGET COULD BE AROUND 1020-1040 AREA
No update, according to chart 4.1.0 S&P 500 Large Cap Index (Weekly), the most likely initial pullback target could be around 1020-1040 area.
SHORT-TERM: SOME NOT SO GOOD SIGNS FOR BULLS
0.0.3 SPX Intermediate-term Trading Signals,注意绿色圈圈,看起来昨天讨论的straight up from bottom的pattern不成立,所以依然不能说market bottom了。
注意看上面的chart 0.0.3 SPX Intermediate-term Trading Signals的话,可以看到SPX受阻于紫色均线。下面的图可以看到介条均线的重要性,它是真正的牛熊分界线。希望后面几天俺们可以从这条线的争夺上看出是否market bottom了吧。
今天的After Bell Quick Summary提到了Bearish Thursday,老实说,俺不sure,毕竟没有bullish Monday那么好使,不过确实有些对牛牛不好的sign:
QQQQ由于盘后CSCO的ER涨了,不过小心明天gap fade,因为cumulative TICK太高了。从图上看介个cumulative TICK虽然不能准确定位top,但是至少very close。连续两个extreme high cumulative TICK readings都错的可能性还是比较小的。
2.0.0 Volatility Index (Daily),看着象Bull Flag,今天的黑棒棒反转意味很强,介就说VIX 有反转向上的可能。
3.4.0 United States Oil Fund, LP (USO Daily),同样是黑棒棒,因此油可能会跌,介也对大盘不利。
STOCK SCREENER: For fun only, I may not actually trade the screeners. Since SPY ST Model is in SELL mode, only SHORT candidates are listed. For back test details as well as how to confirm the entry and set stop loss please read HERE. Please make sure you understand the basic risk management HERE.
Today’s screener has 2 ETFs. They both have 2x Bearish Fund – FXP and SCO to long instead of shorting directly.
According to the entry rule, the only stock found yesterday was not confirmed.
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