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
SPY will have to do something relatively positive today to maintain xFF. The table below shows action since April with xFF and xCF. Note the variability in xFF sACC, LABU and TNA are negative and CH vs CL for them is negative. However, for the other guys, CL is almost trivially low. These are remarkably… Continue reading 7/22/20 Probable xCF
QQQ Daily QQQ has a nice dark cloud cover at the moment, a candle pattern that works once in awhile. SPY 30 Minute The last several days have been about as good it gets for steady positive action. Have some doubts about being long overnight even with the xFF.
Adjusting Strategies For Underlying Market Conditions was published yesterday morning. The excessive close to open bias that was noted is getting a bit long in the tooth, but still ticking. xFC has to resolve into xFF or xCF this afternoon, assuming something extraordinary doesn't happen. The odds seem to favor xCF a bit. xCF has… Continue reading 7/21/20 Current xFC
This is the start of the tenth week of this rectangle. The rectangle conforms almost exactly to the body of the candle from the week February 24. Sure looks like it wants to pop above, but there is no reason the lows of the previous two weeks around 314 can't be tested at any time.… Continue reading 7/20/20 – Top of the Rectangle
My Friday afternoon prediction of xFC just missed after a slight pull back at the end. The major play was buying at the close on xCC (xEC before the conversion) and hold close to open. But it was a weekend, etc. Obviously, I wasn't too keen on doing anything. Submitted a SeekingAlpha article on Sunday,… Continue reading 7/20/20 – Current Signal is xCC
At the moment the 13em signal (third character in xEM) is xEC, which gets converted to xCC. I'll go out on a limb and predict xFC. Hoping to finish my SA article this weekend. The trend signal is still quite favorable at 17. xFC, as discussed earlier this week, has been mixed in favorable trend… Continue reading 7/17/20 – Probable xFC
That is a buy signal with trend following. The last year and a half, it does better in Flat situations. NFLX earnings after the close.