THURSDAY 05/05/2016 SYSTEMS & INTRADAY

[Khalsa]

SYSTEMS FOR THURSDAY 5TH MAY 2016

Hi all,

Recap ….

Intraday wise …. I banked 0 points today.

I have 1 Short in Ftse, 10 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB triggered at close on 30/03/2016.
It is now negated after DAY6.

KTS
We have a NEW KTS5 triggered at close on 28/04/2016.
TODAY IS DAY5.

SYSTEM BDIP
None in play.

DDUD
We have a DDUD triggered at close on 04/05/2016.
TODAY IS DAY1.

SYSTEMS TRIGGERED

ESH1 NEXT DAY (KHC+3)
USUALLY GIVES +3, IF IT GAPS DOWN THEN IT CAN GIVE A DDDD AND THEN BOUNCE AND MAKES A +3 LESS LIKELY.

ES 5C NEXT DAY (KHC+3)
SHOULD GIVE A +3

ESA2 (KHC+3)
VERY GOOD CHANCE OF +3,+5,+7 MAY BE +10, RARELY CLOSES AT HIGHS, CAN COME VIA A -3

ESH2 (KHC+3)
CAN GIVE +3,+5,+7,+10. HOWEVER FAILURE TO PRINT +3 USUALLY RESULTS IN DOUBLE DIGIT DOWN DAY. DOES NOT USUALLY CLOSE AT HIGHS.

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

SYSTEM 72 (KHC +3)
SHOULD GET +3,+5 POSSIBLY MORE. DOWNSIDE USUALLY LIMITED TO -5.

SPX 19 (KHC+3)
SHOULD GIVE +3/ +5. POSSIBLE GAP & GO DAY.

Spoos closed at 2046.50 (basis Jun)

K+3 = 2049.50

K-3 = 2043.50

Conclusion

We have 7 KHC+3 SYSTEMS in play.

We have a KTS5 DAY5 & DDUD DAY1 in play.

Plan your trade, trade your plan!

[Khalsa]

I think we have trened and the TREND is now DOWN

I also think we can contra bounce here now (maybe this is just the NFP’s tomorrow effect)

There are 2 thoughts for today.

a) It could be a pop and drop with the 7 KHC+ve’s

b) We start the bounce which will be today / tomorrow / WNER type thing.

Either way with TREND DOWN we should see lower prices and my hope remains to break this 2040 area down (yesterdays low was 2039)

 

 

Plan your trade, trade your plan!

[Khalsa]

All good with (a) above but sadly got to 2040 again and bounced.

Lets see what they do near EOD but its always been up in recent weeks.

lol there you go a small WCB followed by a bigger WCB

2045 needs to hold ideally

Plan your trade, trade your plan!

[Khalsa]

High was 2044.75 then.

Above that 2050/3 is the MUST HOLD.

Hopefully we have contained the mustard for now

Plan your trade, trade your plan!

[smashie212]

Khalsa wrote:

I think we have trened and the TREND is now DOWN I also think we can contra bounce here now (maybe this is just the NFP’s tomorrow effect) There are 2 thoughts for today. a) It could be a pop and drop with the 7 KHC+ve’s b) We start the bounce which will be today / tomorrow / WNER type thing. Either way with TREND DOWN we should see lower prices and my hope remains to break this 2040 area down (yesterdays low was 2039)

Interesting stats –

$SPY posting 2 unfilled gap downs in row , during bull markets , since Y2K, 29/29 times  $SPY closed higher than the current trading day’s close , at-least once in the next five trading days at close , with an average of 57 bps.

http://paststat.com/blog/when-spy-posts-consecutive-unfilled-gap-downs-in-row-what-next/?utm_source=Paststat+Daily+Quant+Ideas&utm_campaign=9ae0d960b7-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_2aa82fc554-9ae0d960b7-85441261

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