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SPY SETUP |
ENTRY DATE |
STOP LOSS |
INSTRUCTION: Mechanic signals, back test is HERE, signals are HERE.
TRADING PLATFORM: SSO/SDS, UPRO/SPXU |
Non-Stop |
02/24 S |
N/A |
Short is for aggressive traders only. |
ST Model |
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*Short if SPY tomorrow open > tomorrow close. The stop loss is 1.9*ATR(10). |
Short-term |
*UP? |
*03/07 High |
I hold trapped short position overnight. |
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SHORT-TERM: COULD BE HEAD AND SHOULDERS BOTTOM BREAKOUT, TARGET $134.44
两点说明:
- Short-term trend is up,但没有确认。我猜可能还有涨。
- Short-term我会追高(buy on strength only),但是不会buy dip。中期依然是downtrend,维持会有lower low的判断。
我猜可能还有涨的理由有两个:
- INDU Leads Market,今天INDU break above MA(50)了,因此SPX短期内多半会follow。
今天还有两个地方提醒一下:
03/16提到的long setup,今天有好几个已经满足了close long的条件了。
今天有个short setup,看着好像成功率很高,不过我个人不是很喜欢这个setup。
INTERMEDIATE-TERM: BULLISH IN 3 TO 6 MONTHS
Combine the study mentioned in 02/23 Market Recap and 03/11 Market Recap, I still believe that 02/18 high will be revisited.
SEASONALITY: BEARISH THE NEXT WEEK
According to Stock Trader’s Almanac:
- Week after Triple Witching, Dow down 15 of last 23, but rallied 4.9% in 2000, 3.1% in 2007 and 6.8% in 2009.
- March historically weak later in the month.
For March seasonality chart please refer to 03/01 Market Recap.
HIGHLIGHTS OF THE OTHER ETFS IN MY PUBLIC CHART LIST
- Please make sure you understand how to use the table above. The purpose of this report is to provide info so contradictory signals are always presented.
- * = New update; Blue Text = Link to a chart in my public chart list.
- UP = Intermediate-term uptrend. Set when weekly buy signal is triggered.
- DOWN = Intermediate-term downtrend. Set when weekly sell signal is triggered.
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