Trading Plan for 04_14....

luckystar2006

a) We were away for last two days to deal with some urgent matters, which I didn't get any spare time to come here for posting.

b) All ST signals aren't bearish at this stage and I believe there is at least a higher high ahead for any pull-back.

c) We already had 4 consecutive up gaps and so, it's rarely to have a 5th up gap straight in a row.  I bought some puts before market close, which I plan to sell tomorrow morning.

d) Market might close in red tomorrow or in green with very small gain.   We might see a good swing setup on the downside tomorrow afternoon or Friday morning.  Until then, it's safer to buy calls than puts while ST trend is up.

风行过

thank you and take care!

MtlJaysFan

Thanks

trend

welcome back, nod with your view, more likely tomorrow small gap down or no gap open and up first then down later but no big sell off until next week

源济

谢谢分享！

georgeyn

Jeff

luckystar2006

trend 发表于 2016-4-13 09:38 PM
welcome back, nod with your view, more likely tomorrow small gap down or no gap open and up first th ...

There aren't currently any swing signals suggesting big sell-off (like >20pts for SPX) anytime soon.  All I've is this reliable signal in below (in req squares) suggesting market moving lower than the triggering point within 1-2 day.

shibainu

lite1067

luckystar2006 发表于 2016-4-13 10:11 PM
There aren't currently any swing signals suggesting big sell-off (like >20pts for SPX) anytime soo ...

agree...

market doesn't look bearish at a this moment, and there is not much weakness showing up yet.

Hutong9999

luckystar2006 发表于 2016-4-13 10:11 PM
There aren't currently any swing signals suggesting big sell-off (like >20pts for SPX) anytime soo ...

这是啥indicator，private one？

triggering point是今天的收盘价吗？

谢谢！

cbd

xmbbs

给你一个鲜花

npnt

luckystar2006

Judging from market action so far, I think there could be a chance to swing on the upside tomorrow morning.  

MtlJaysFan

luckystar2006 发表于 2016-4-14 09:03 AM
Judging from market action so far, I think there could be a chance to swing on the upside tomorrow m ...

Did you say 'On the Upside tomorrow morning'?  Thanks for sharing.

sorry

luckystar2006

MtlJaysFan 发表于 2016-4-14 10:21 AM
Did you say 'On the Upside tomorrow morning'?  Thanks for sharing.

I was expecting for a lower low (lower than this morning pulling back) sometime today, but with market moving up like this, I'm not sure about tomorrow.  All I know is that we already had 5 up gaps.  So, it's very likely we will have a down gap tomorrow morning.

luckystar2006

MtlJaysFan 发表于 2016-4-14 10:21 AM
Did you say 'On the Upside tomorrow morning'?  Thanks for sharing.

I shared below chart here yesterday on this thread.  If you look at it closely (i.e. green squares), you can tell that momentum strength on the upside has been faded, which means I don't expect SPX to rally >15-pts or so like over last 2-day. We might see market going into consolidation mode for next few days.

luckystar2006

Red squares are what I'm currently waiting for so I can buy big puts to short this market again because it indicates momentum strength on the up/down side.  I think that won't happen until next week though.