WEDNESDAY 18/05/16 SYSTEMS AND INTRADAY

[Khalsa]

SYSTEMS FOR WEDNESDAY 18TH MAY 2016

Hi all,

Recap ….

Intraday wise …. I banked 0 points today.

I have 1 Short in Ftse, 9 shorts in spoos & 2 swing positions in spoos open.

Onto today …

KP
None in play.

KTB
We have a KTB2 triggered at close on 16/05/2016.
TODAY IS DAY2.

KTS
We have a NEW KTS5 triggered at close on 28/04/2016.
It is now negated after DAY6.

SYSTEM BDIP
We have a BDIP triggered at close on 16/05/2016.
TODAY IS DAY2.

DAY1… We got a low of -26.00.
DAY2…
DAY3…
DAY4…

DDUD
We have a DDUD triggered at close on 04/05/2016.
TODAY IS DAY10.

SYSTEMS TRIGGERED

ESL1 NEXT DAY
GOOD CHANCE OF A -3

SYSTEM ESG (KHC+3)
SHOULD GET +3 MINIMUM, CAN GO TO +5,+7,+10.

SYSTEM ESH1
MORE CHANCE OF UPSIDE THAN DOWNSIDE, USUALLY TRADE -VE AT SOME POINT, NORMALLY GET +3, IF NO +3 THEN RARELY CLOSES AT LOWS, DOWNSIDE UNSUSTAINABLE. CHANCES OF +5, +7 ALSO. ALSO THE CLOSE CAN BE VERY ERRATIC. AFTER THIS SYSTEM THERE IS ANOTHER CHANCE OF A +3 THE NEXT DAY

SYSTEM 70 (KHC +3)
USUALLY GIVES +3

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

SYSTEM 81A (KHC-5)
USUALLY GIVES A BIG NEGATIVE PRINT AND CLOSES NEGATIVE, BUT IT CAN BE VIA A +3/+5

SYSTEM SPXH1
CAN GIVE +3,+5,+7 WITH A POSITIVE CLOSE. THE CLUE IS NOT TRADING MUCH NEGATIVE RTH

Spoos closed at 2044.25 (basis Jun)

K+3 = 2047.25

K-3 = 2041.25

Conclusion

We have 3 KHC+3 & 1 KHC-5 SYSTEMS in play.

We have a KTB2 DAY2, BDIP DAY2 & DDUD DAY10 in play.

Plan your trade, trade your plan!

[Qman]

Mixed bag. Pop & Drop or Drop and pop, but ain’t that always the million $ question.

lol lol. Night night

[Khalsa]

For me Q, its the same old, same old.

We are back to 2040/3 again now.

Its setting up a double bottom.

This is a setup that can fail as it makes us all think to long it.

 

Plan your trade, trade your plan!

[smashie212]

Wed tend to be pivotal, judging by the lacklustre start, this opex could well turn out to be a damp squib.

Worth noting that as shown in his 13F, George Soros slashed his overall long equity holdings by over 25% to just $4.5 billion as of March 31, which was the lowest such position since 2013.
Soros also more than doubled his SPY puts to 2.1 million shares, or a value of $431MM, up from $205MM the previous quarter.
Soros also disclosed owning call options on 1.05 million shares in the SPDR Gold Trust [GLD], an exchange-traded fund that tracks the price of gold.

[smashie212]

Kman

What do you think of Oil ? Approaching that key $50 level, climbing a wall of worry.

[Khalsa]

I am close to shorting Oil Smashie. I think it will undershoot $50.

I am looking for a run back down to mid $30’s

Plan your trade, trade your plan!

[smashie212]

More turbulence ahead. Fed minutes out at 7.oopm.

[Khalsa]

FED MINUTES NOW

Plan your trade, trade your plan!

[Khalsa]

Looks like the crooked FED hinted at a June rate rise.

Probably totally crooked as they will hint this, then not raise rates and the market will be up +1000 DOW lol

Plan your trade, trade your plan!

[Khalsa]

Sadly in a bear trend a FED minutes report like this would have it all crash in a flash

Plan your trade, trade your plan!

[Khalsa]

Wow this 2040 level is totally defended for now.

Need a crookshour tank to decimate it. The problem is crookshour just does not want to tank.

Hoping today is different

Plan your trade, trade your plan!

[Khalsa]

Oh ok, it looks like it did not need crookshour.

2035 just hit.

 

Plan your trade, trade your plan!

[Khalsa]

This idiot just cannot stay down, but atleast each day it makes a lower low with respect to the previous day.

2030.75 was the low then

Plan your trade, trade your plan!

[Qman]

Needs a sacrifice long here at 2040.

Whose turn?

[smashie212]

Thanks for volunteering Qman..

[Author]

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