INTERMEDIATE-TERM: IN WAIT AND SEE MODE
See 02/19/2010 Market Recap, not sure about the market direction, in wait and see mode.
SHORT-TERM: COULD BE ANOTHER REVERSAL DAY TOMORROW
0.0.2 SPY Short-term Trading Signals,现在大家都知道hollow red bar意味着reversal了,不过很遗憾今天的reversal bar很难说是top还是bottom。
0.0.5 QQQQ Short-term Trading Signals,同样,很难说是top还是bottom。
3.4.2 Financials Select Sector SPDR (XLF Daily),再举个例子,top or bottom?
所以结论是要看明天是否strong up。Again,很遗憾,明天strong up的可能性不是很大,三个理由:
1.0.2 S&P 500 SPDRs (SPY 60 min),ChiOsc too high。这个indicator很少有失误的时候,too high往往意味着4个小时的pullback。
1.0.9 SPX Cycle Watch (60 min),明天有2个cycle due,早上高开的话,除了ChiOsc too high会pullback以外,cycle看起来也象是top的样子。除非明天大大低开。
看一下这个统计:Recovery Days Revisited,也是说明天可能open high close low。为了报告的完整性,我把统计图贴在下面,不过the credit belongs to www.tradingtheodds.com。
The bottom line,02/24 Market Recap提到了,根据1.0.7 SPX Cycle Watch (Daily) and 1.0.8 SPX Cycle Watch (Moon Phases),下周有很多cycle due date,是bottom还是top,全看明天和下周一market怎么走了,现在无法知道。
6.4.7 NYSE Tick Watch (60 min),这个图,有人问,看一下,明天还没有-1,000 readings的话,那就是图上longest streak了。
STOCK SCREENER: For fun only, I may not actually trade the screeners. Since SPY ST Model is in BUY mode, only LONG candidates are listed. For back test details as well as how to confirm the entry and set stop loss please read HERE. Please make sure you understand the basic risk management HERE.
Since the intermediate-term direction is not clear, so no stock screeners from now on until the dust settles.
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