We have had amazing success calling the market recently, there will be no call tonight as everything is scattered. My gut feel is the gap in the SPY will provide resistance, however, the NASDAQ has recently gone into a more aggressive bull mode and seems to be set to outperform the other averages.
Nothing about out plan has changed as of now because there has been no significant change in the market yet.
The dollar index is extremely bullish, but the NASDAQ 100 seems t be as well-this is an uncoupling that you see from time to time, but it will resolve. Judging by the Dollar index, it seems the market is set for a fall, but I do not have strong, solid signals that I would trade at this point and I will not guess, that is not what you pay for.
As soon as I see something, which can be as soon as tomorrow, I will post it immediately. For now, I'd keep doing what you are doing. If you are new, then you should strongly consider putting together a short position that equals half of your portfolio. 25% will remain in cash and the other 25% will be added short when the SPY breaks $104.50 (confirmation).
Being I don't have a solid direction, no short term trades will be posted tonight, perhaps tomorrow.
In this case, the best bet is limit orders. I've listed quite a few tonight. There's one MARKET ORDER that can be executed at market in the morning.
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5 years ago
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