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For maximum benefit be sure to check out the On-Line Course.
Wednesday's trade setup in July Orange Juice moved lower exactly as expected. To see the original forecast refer to the blog post entry below.
The June S&P; 500 E-Mini contract has fired 2 Day ROC Sell, 90-10 Low Continuation, and Momentum Pinball Buy signals for today's trading. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside. The 90-10 Low Continuation signal tells us that yesterday's late day move lower is likely to continue on into today. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) appear as if a short term cyclical top has recently been marked. Odds favor further downside in today's early trading. Sell the break of yesterday's 1384.50 low with a stop just above the 1386.00 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal tells us to change our bias to the upside on a break of the first hour high.
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The July Orange Juice contract has fired 90-10 Low Continuation, High Breakout Continuation Setup, and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation signal is fired when the day's trading closes within the bottom 10% of the day's range. It tells us that yesterday's late day move lower is likely to continue on into today. The High Breakout Continuation Setup signal implies significant upside IF yesterday's high happens to be taken out. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) have moved into a region where short term cyclical lows often form, but both the larger and more immediate trends are to lower prices. Odds favor further downside in early morning trade. Sell the break of yesterday's 132.20 low with a stop just above the 132.85 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal tells us to change our bias to the upside on a break of the first hour high.
Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
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Friday's trade setup in July Sugar performed exactly as expected with an initial move lower to 1 tick above our Normal Low Range Projection level, followed by a sharp and very profitable move to higher prices. To see the original forecast refer to the blog post entry below.
For today's trade setup the June British Pound contract has fired Low Historical Volatility, Wide Range Day, and 90-10 High Continuation signals. The Low Historical Volatility signal indicates increased price activity is likely over the near term. The Wide Range Day signal implies that the expected increase has just begun, and that Friday's principal trade direction (higher) points the most likely way for the next trend move. The 90-10 High Continuation signal tells us that the day's late day move higher is likely to continue on into today. Cycle Indicators (chart at right) have moved into a region where short term cyclical tops often form, but both the larger and more immediate trends are to higher prices. Odds favor continued upside in today's early trading. Buy a break of Friday's 1.6276 high with a stop just below the 1.6264 level of the Daily Pivot. Price action relative to the DP may provide clues for even earlier entry.
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The July Sugar contract has fired 2 Day ROC Sell, 90-10 Low Continuation & Reversal, and Momentum Pinball Buy signals for today's trading. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside. The 90-10 Low Continuation & Reversal signal tells us to look for morning follow through on the weak close, but to expect a likely reversal once the initial move has bottomed. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) are moving into a region where short term cyclical lows often form, but both the larger and the more immediate trends are to lower prices. Odds favor continued downside in today's early trading. Sell the break of yesterday's 21.21 low or even earlier if price demonstrates weakness below the 21.25 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important support levels. Our Normal Low Range Projection level of 20.88 or the Extended Low Range Projection level of 20.59 would be likely areas for such a reversal to take place, as would a test and failure of yesterday's low. The Momentum Pinball Buy signal tells us to assume an upside bias if the first hour high happens to be taken out.
Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
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The May Feeder Cattle contract has fired 90-10 Low Continuation and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation signal is fired when the day's trading closes within the bottom 10% of the day's range. It tells us that yesterday's late day move lower is likely to continue on into today. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) are moving into a region where short term cyclical lows often form, but both the larger and the more immediate trends are to lower prices. Odds favor further downside in early morning trade. Sell the break of yesterday's 147.850 low with a stop just above the 149.025 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal tells us to change our bias to the upside on a break of the first hour high.
Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
For maximum benefit be sure to check out the On-Line Course.
The June T-Bond contract has fired NR7, Inside Day, and 2 Day ROC Sell signals for today's trading. The NR7 signal is triggered when the range of the day's trading is the narrowest of the last seven days. It tells us to expect range expansion and a pickup in volatility with a likely breakout in store either today, or over the next few days. The Inside Day signal is fired when the day's trading occurs within the range of the prior day. A subsequent breakout of an Inside Day's range typically points the way of the next trend move. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside. Cycle Indicators (chart at right) have moved into a region where short term cyclical tops often form, but the more immediate trend is to higher prices. The NR7/Inside Day signal combination tells us to stand prepared for a large impulse move in either direction. Trade the break of Friday's 142-07 high to 141-16 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 141-29 Daily Pivot level may provide clues for earlier entry. Note that the June T-Note contract has fired the exact same Pattern Signals. This means that it can be traded in very similar fashion.
Forward this to friends and colleagues! Disclaimer: trading involves significant risk and is not suitable for everyone.
