|
|
SPY SETUP |
ENTRY DATE |
STOP LOSS |
INSTRUCTION: Mechanic signals, back test is HERE, signals are HERE. TRADING PLATFORM: SSO/SDS, UPRO/SPXU |
Non-Stop |
*07/15 L |
N/A |
Be sure to check 8.2.2a to 8.2.2g to understand the risks. |
ST Model |
|
|
*Setup mentioned on 07/14 was not confirmed and therefore no long valid. | | *Please make sure you understand how to use the table above. The main purpose of this report is to provide information so contradictory signals are always presented.
SEASONALITY: EARLY THIS WEEK IS BULLISH, OE FRIDAY IS BEARISH
See 07/09 Market Recap for more details.
INTERMEDIATE-TERM: EXPECT HUGE REBOUND BEFORE 2ND LEG DOWN
Still expect a 2nd leg down but since the retailers sentiment is way too bearish so the rebound we have now could be huge. See 07/09 Market Recap for more details.
SHORT-TERM: MARKET MAY TURN DOWN SOON
该说的昨天都说了(see 07/14 Market Recap),time, price and price pattern都说要跌了,今天又是个反转棒,3 reversal like bars under major bear trend line,多少说明点问题吧?因此还是维持昨天的forecast: Expect new recovery high (higher than the Tuesday's high) but be careful of a bigger pullback thereafter.
NYADV MA(5) at extremely high,很可惜没有重复去年mad cow的pattern,尽管history may not simply repeat itself,但是小心是没大错的。特别是下周,according to Stock Trader’s Almanac, week after July expiration, Dow down 7 of last 11, 2007 –4.2%, 2008 –4.3%.
0.2.1 10Y T-Bill Yield,这个的重要性昨天已经交待了。今天这东西confirmed “kiss goodbye”,看着不好。我知道,会有人说,因为bond market 3:00收市,所以没赶上最后30分钟的大涨,well, let’s take a look at TLT intraday chart,好像没有在最后30分钟暴跌啊,所以所谓bond market早收市的理由不成立。
HIGHLIGHTS OF THE OTHER ETFS IN MY PUBLIC CHART LIST
|