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SYSTEMS FOR FRIDAY 2ND MAY 2014
Hi all,
Recap ….
Intraday wise …. I banked 3.50 points in spoos today.
I have 1 short in Ftse, 19 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 14/04/2014.
It is now negated after DAY4.KTS
We have a KTS5 triggered at close on 04/04/2014.
It is now negated after DAY6.SYSTEM BDIP
None in play.DDUD
None in play.SYSTEMS TRIGGERED
ESL1 NEXT DAY
GOOD CHANCE OF A -3SYSTEM ESG (KHC+3)
SHOULD GET +3 MINIMUM, CAN GO TO +5,+7,+10.SYSTEM SPXG
More chance of upside than downside. Usually get +3,Trading > +3 SPX = chances of +5, +7,+10. Could also gap up open.Spoos closed at 1877.50 (basis Jun)
K+3 = 1880.50
K-3 = 1874.50
Conclusion
We have 1 KHC+3 SYSTEMS in play.
Plan your trade, trade your plan!
Oh no. ESG and SPXG combo has triggered.
That usually means a +7/+10 can print.
Bring on Nfps
Almost tot tempted to long but that is all its waiting for to crash
Plan your trade, trade your plan!
http://www.bbc.co.uk/news/world-europe-27247428
Ukraine’s acting President Olexander Turchynov has reinstated military conscription to deal with deteriorating security in the east of the country.
NFP’s matter more!!!
lol Dan.
They do! Spoos in a 2 point range all night. They always seem to switch the supercomputers to a very low setting the night before NFP’s
Plan your trade, trade your plan!
Another bullish employment week, what a surprise not !
Bradley turn date 27th April and another on 6 may just after bank holiday post NFP…
To my eye looks like some type of wedge /ending diagonal playing out here , which means not long to go before the long-awaited correction, which I think will take us back to 1650 ish, so plenty of points to be had. Tops are process and not events, patience is the key.
Spot on Smashie.
They are expecting something crazy like 250k jobs created!
The key is “expecting”. So in theory its expected.
However in MAD MODE nothing means anything, so no idea what their game will be today.
Was MS yesterday a CIT a possible precursor to a CIT?
Nothing yet to indicate we have topped. When I do start talking about a 70-130 point drop again, that will be the clue
Plan your trade, trade your plan!
288,000 jobs created.
6.3% jobless rate
Plan your trade, trade your plan!
So with numbers so good, do interest rates need to be this low?
lol, what a total joke.
Thats because the numbers are all manipulated. Who knows even if they are vaguely true.
Nothing to do for now other than to see the reaction into open and on open
Europe is selling off.
Plan your trade, trade your plan!
Unemployment fell from 6.7% to 6.3%.
Thats completely stupid.
Plan your trade, trade your plan!
Europe led that beautifully, it started retracing the spike well in advance of the US.
Plan your trade, trade your plan!
<span style=”color: #292929;”>”Europe led that beautifully, it started retracing the spike well in advance of the US.”</span>
I think indices like the NAS and RUT are stealthy already starting their corrections, the FED have indicated that they will maintain the taper, so the party will be over by end of summer anyway, but the smart money will start discounting the effects of QE sooner than that, so the correction doesn’t have to begin the moment QE stops hence ‘sell in may’ might actually work out this year..
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