Author: Josef Friedman

Looks like a unanimous verdict of xCF. Long over Thanksgiving is usually pretty safe I think.

The first column in the Midday Signals post yesterday was wrong. The signals here are correct with 22 of the foxes long going into today. Action should be about half past dead for the remainder of the week.

Sounds a bit like the big guy is conceding and SPY has pretty much taken the summit of Mt Lameduck. Note, the dip below the yellow line was a head fake. The gapping nature of these advances makes things a little dangerous up here. Definitely a decent place to book some profits, but the foxes… Continue reading 11/24/20 – Midday Signals

It was such an obvious buy yesterday afternoon that I didn't bother to check the signals after the positive action into the close. I'm doing some Zmed1 analysis to account for the new strategies and think +9 might be a buy. Close to Open action puts SPY a little over half way up Mt Lameduck.… Continue reading 11/24/20 – Current Signals

The foxes remain bullish and properly so. A serious move down has to start with volatility. I'm one of the few people who can't predict volatility but, at the moment, it isn't here. The daily SPY chart shows the weighted price in green. The various moving averages are 21 days. Yellow = DEMA. Double Exponential… Continue reading 11/23/20 – Midday Signals

The mild weakness on Friday afternoon, modified the signals a bit but they still remained bullish. Rate of change (r) has been dropped. Weighted moving average and Double Exponential moving average (d) have been added. I needed a fourth letter for a technical operation, and r behaves slightly differently than moving averages. The two… Continue reading 11/23/20 – Current Signals

Sometimes playing xFF doesn't work out, but that definitely isn't an issue with these signals as there is no xF in sight. Trend following remains active as it has since the end of October. Seems like a decent place for a long term investment (holding over the weekend). Famous last words.

The foxes are bullish for Lipstick day as SPY consolidates above the 3 month long congestion area. SPY and QQQ are hovering around last week's close while IWM and RSP are just above last week's open. The event risk over the weekend looks balanced between fear and greed.

The foxes are still consensus bullish with xCC. The last 16 weeks or so has shown overly excited action from the bulls that produced gaps between the close and open. In the two prior cases, the market pulled back from that action sharply. The last two weekly candles look a little like the black and… Continue reading 11/19/20 – Midday Signals

The late weakness yesterday caused only one signal change. xCC is typically the most volatile of the xF/xC combinations. SPY stayed within the parameters of Mt Lameduck but moved to the congestion area near the bottom. The congestion area extends down to about 347 though, which is 10 SPY points or 100 $SPX below where… Continue reading 11/19/20 – Current Signals