Disappointing early reaction to great FANG (without the N) earnings, definitely not helping IWM, IJH, and RSP. The overnight never looked real good after the first hour or so. Last week's high was tested earlier and it seems to have held. Looks like the high wire act will continue into next week.
xCF and xMF look pretty good, there might be a question about general ickiness as far as going long. All seven are making money on xCF. CH is well above absolute value of CL and CO is consistently strong. I'm doing some work on range analysis. That uses two concepts: T = (HH / LL… Continue reading 7/30/20 xCF If Stable Into Close
A nasty spot to have been long overnight. The painted over weakness in the 3 and 7 day averages has been washed away at the moment. Further weakness will take out the 13 day EMA, so things could end up x0F. The 54 day average at about 310 is a reasonable spot more serious weakness… Continue reading 7/30/20 xMF At Current Levels
The recent relative weakness in the 3 and 7 day averages is painted over near midday, but the numbers probably won't remain the same. Days should be divided by 7. The aggregated signals for July are showing a different look than May - June. Note xFC has been losing, and xCC has been winning.. Close… Continue reading 7/29/20 xFC if SPY Holds Gains
In the alternate universe I was in yesterday, the FOMC meeting ends on Thursday. That turns out to be a day late in this one, so the excitement ends tomorrow. We probably can look forward to another day on this weird neckline around 322 SPY. I'm really not expecting any kind of blast off here,… Continue reading 7/28/20 xCF Early EOD Guess, FOMC Tomorrow
With the Fed, etc. this week, there probably won't be any big moves in either direction until Thursday afternoon. Recent weakness seems contained to taking out the 7 day averages. My guess is that is relatively favorable although I haven't looked at the horizontal xEM structure carefully. The table shows the recent xFC performance from… Continue reading 7/27/20 – Probable xFC
QQQ is sitting pretty close to the weekly body engulfing line discussed previously; where it closes in comparison to that is definitely the question of the morning. A new type study is below. It shows signal performance of the second character of the FF5 signal. We know today is xCC, so Monday's signal will be… Continue reading 7/24/20 Trying to Hold xCC
SPY Weekly Moving back to the top of the rectangle. Today is lipstick day. The three week structure seems flimsy. The black horizontal line and red 52 week moving average probably vaguely define some kind of summer range. QQQ Daily Dark Cloud Cover worked for a change, but it doesn't have a reputation as the… Continue reading 7/24/20 xCC
The employment numbers haven't been the most pleasant news for longs on a Thursday morning lately. 63 days or so seems to be a good short term look back period. Without pivot tables, I use days back, because I don't like coding date logic. The issue with doing it the typical human way, with pivot… Continue reading 7/23/20 xCF to xFC or xCC
The previous post had 2019 2nd quarter numbers. Sorry for the error. Was wondering why I didn't play close to open yesterday looking at the earlier table.