In early trading on Thursday the SPX and Nasdaq Intermediate (Daily) Trend Models are in Short_Pending modes. The DOW is about 50 points above it’s reversal-Short threshold. I have always recommended choosing one of these models (or IWM which is already Short) and do whatever ever it says. Combining one [Read more...]
The PTS (Premium Trading Service) is focused on short-term trading opportunities based on hourly price bars. This is an especially effective strategy for option traders who are looking for outsized profits available through accurate short-term timing.
Example: NFLX & FB Hourly Trading Models
AAPL Daily———–>New SHORT
FB Daily—————>New LONG
CBM Daily————>New SHORT
FXI Weekly———–>New SHORT
This will be another in the budding new series of, “How To Make Money in the Market” weekend commentaries. This weekend, one out-of-the-box, but quite logical, pairs strategy involving AAPL & FB and one [Read more...]
While VXX moves back toward it’s first hour high ($21.27), the broader market indexes, IWM and NASDAQ, are both very close to reversing Short. Note that Value Line is already Short and that it was this broad index that has led the entire advance from the 2009 lows. More after [Read more...]
Critical day for Gold (GLD) and Silver (SLV). Both opened in
Short Pending” mode:
Note below how Nasdaq and IWM appear to be early in a much larger decline:
Last night’s Special Market Update listed key levels for the Dow (12,600-12,500) and VXX ($14.75) where I expect momentum in those respective trend models to pick-up and suggest another leg down in the market. Below are some key levels for other indexes.
SPX: Daily Model goes SHORT below 1,329
A strong economic number has once again bolster stock prices. As a result and as the table below reflects, SPX Daily is in, “Long Pending” mode. I’m watching IWM very carefully because if it reverses Long another leg up in the markets looks likely.
DJIA Daily Trend Model————->SHORT
SPX 240 Minute Trend Model——->SHORT
TLT Daily Trend Model—————>LONG
Allan’s Market Analysis
These are significant reversals. The SPX Daily and Nasdaq Daily are not far behind, both being very close to their reversal Short prices. The VXX Daily Trend Model is lagging a bit, [Read more...]