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SYSTEMS FOR MONDAY 30TH SEPTEMBER 2013
Hi all,
Recap ….
Intraday wise …. I banked 10 points in spoos today.
I have 1 short in Ftse & 13 shorts in spoos and 2 swing positions open.
Onto today …
KP
None in play.
KTB
None in play.
KTS
We have a KTS triggered at close on 19/09/13.
TODAY IS DAY7.SYSTEM BDIP
None in play.
DDUD
We have a DDUD season triggered at close on 11/07/2013.
It is now negated after DAY2.SYSTEMS TRIGGERED
SYSTEM ESA (KHC+3)
SHOULD GET +3/+5/+7, HOWEVER IT CAN BE AFTER A DRAWDOWN, CLUE IS TRADING > +2.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 DAYES 5C (KHC+3)
USUALLY GIVE A +3 AND CLOSES POSITIVE. RARELY CLOSES AT LOWSSpoos closed at 1685.25 (basis Dec)
K+3 = 1688.25
K -3 = 1682.25
Conclusion
We have 2 KHC+3 SYSTEMS in play.
We have a KTS DAY7 in play.
Plan your trade, trade your plan!
Well as far as I am concerned it needs to still prove it is not in TREND DOWN and for me we are on tract to start another leg down anytime and print that 167x.x SPX print very soon.
We shall see what WNER brings but again no crooksday rally so maybe no WNER rally to confirm a CIT
Plan your trade, trade your plan!
Sure we have KHC+3’s but soon that will fail and I do not want to be long when so.
Plan your trade, trade your plan!
Well I guess that answers that. -13 already.
The second KTS has indeed been stellar and today was DAY7.
No idea if there is any news for this but here is the SPX 167x.x.
1669 is the next gap open on ES which is 1671.71 on SPX.
Lets see where we are in the morning as I have no intention of buying a DOWNTREND here
Plan your trade, trade your plan!
US Gov shutdown looms:
http://www.marketwatch.com/story/house-republicans-meet-as-shutdown-looms-2013-09-28
Politicians doing what they do best !
same brinkmanship being played out in Italy;
Actually good bit of background on previous shutdowns:
http://www.zerohedge.com/news/2013-09-29/how-market-reacted-prior-government-shut-downs
Brilliant stuff smashie. No crooks there then.
It is a great shame in a way because as soon as it resolves it will probably rally again.
Plan your trade, trade your plan!
Its 9am and still -13.
However tempting it is to long for WNER and also in consideration that a shutdown will be averted last minute (usual fun and games and trickery crookery), One just cannot.
What if the crooks have changed the game and want to cash up their winnings from the free QE money?
Not a risk I want to take.
I banked 26.50 points on S&P here last week with none carried forward form the week again.
That has to be the best and safest game for now. Keep chipping away
Plan your trade, trade your plan!
No GFS.
So that indicates no resolution before market close.
Plan your trade, trade your plan!
Right having printed 167x.x on SPX now, next target is circa 1660 SPX.
This is the next leg down I was referring to last week.
Plan your trade, trade your plan!
Wow, not sure when he made this chart, but if it was before market open yesterday, that is genius!
Plan your trade, trade your plan!
First resistance now is 1675 ES and then 1680 ES.
Plan your trade, trade your plan!
All about 1680 holding it now.
I will be surprised if GFS is wrong but then again it is WNER.
Plan your trade, trade your plan!
Now they are saying that if we get a government shutdown, there will be no jobs report on Friday (ie NFP’s)
and despite all this the market wants to rally (now only -6 on ES)
This QE warped market is far from a free market. Its a total joke.
Due to playing safe until we got confirmation on TREND, I did not sell on Friday due to WNER and I did not buy today due to fiscal cliff pollux.
Plan your trade, trade your plan!
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