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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 |
03/22 S |
1.9*ATR(10) |
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Short-term |
UP |
*03/23 Low |
I hold partial long position overnight. The short position was stopped out with loss. |
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SHORT-TERM: BEARS ARE NOT OVER YET
今天涨得不错,可惜根据昨天的说法,n vs n rule,6 vs 6,牛牛已经输了,除非明天大涨特涨,否则根据定义,这还是个sellable bounce,03/16的low还是要去的。
短期操作,我会buy the very first dip,理由还是惯性定律,这么强的上升动能,第一次回调失败的机率很高,而熊熊最可能的希望是three push up,形成Double Top。
今天有两个warning,可能并不说明什么,info only。
VIX在4天内跌了30%,自2000年以来,类似情况一共只有4次,一周内都是跌的,还挺厉害。
我在今天的intraday comment已经提了,OEX put call ratio很高,这不是啥好兆头,因为从历史看,OEX option traders是很准的。
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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