Hawkish Fed members and steady economics have suddenly convinced some analysts the Federal Reserve may taper its asset purchases at this week’s December FOMC meeting and policy announcement. These factors combined with fund managers protecting YTD profits have kept equity markets in check over the past month. After breaking out above 1,775 in mid-November the S&P 500 has traded […]
Please be advised that we will not be publishing Signals or daily Alerts until the week of January 13th, 2014. We wish you a happy and safe holiday season and are looking forward to a great year of trading in 2014. Happy New Year!
Action: 1) Buy to close NQZ13 at 3476.50 and book the small +3.50 point gain. We entered the trade on 12/2 at 3480 and won’t let the trade turn into a loser. 2) Sell to close VXZ13 at 14.75 and book the .25 point gain ($245 after commission). We entered the trade on 11/14 at […]
Action: Buy to close ESZ13 at 1797.25 and book the +9.25 point gain. We entered the trade on 12/2 at 1806.50. The S&P should be going lower towards 1785 but recovered from the opening lows and is not breaking 1796 intraday support. Our signals point to a push higher so we’ll take the gain and look for another […]
Historically December is a bullish month but the real question is will this December be different? Considering the YTD equity market performance and rally since last December it is going to take some institutional buying to power prices much higher in the S&P 500, NASDAQ 100, Russell 2000, and DJIA. Our indicators are actually signaling institutional distribution. Also, Washington will back in […]