Tom’s TTT Buy signal fires.. look for a 3-5% bounce over the nest five days $study

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TTT Buy Signal issued on the market Close yesterday.. Tom’s TTT Buy Signal has a fantastic record of calling a return to mean 3 to 5% counter trend rally in a 5 day window.  It fires only a few times per year.  This is the 3rd firing.  The 1st one failed to achieve the goal, [...]

FUD is killing the markets, $ES_F 1280 if we can’t get some clarity. $study

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Around the Globe Asia – CLOSED Shanghai (China) +1.39% Hang Seng (Hong Kong) -0.31% Nikkei (Japan)+0.86% Europe as of 7:24am EDT DAX (Germany) -0.78% FTSE (UK) -1.19% Today’s Economic News: Decent numbers out of Japan, nothing out of Europe except the Spanish auction which went off ok.  Jobless claims numbers out of the USA  and [...]

Breadth, bearish but bounce-able

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I know,we said that yesterday.  It is really tricky here and we don’t think people should mortgage their houses and buy long, this is just a technical area for a bounce and a setup for a bottoming reversal that could take several weeks.   Please read the daily digest piece for what we are thinking [...]

Chin up.. Think Up for a few anyways.. Take a chance on the small caps $study

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Around the Globe Asia – CLOSED Shanghai (China) -1.21% Hang Seng (Hong Kong) -3.19% Nikkei (Japan)-1.12% Europe as of 7:26am EDT DAX (Germany) -0.53% FTSE (UK) -0.63% Today’s Economic News: The UK came through today with stronger jobs data than expected.  In the US a healthy mortgage application number has started the day.  Still some [...]

Breadth is now firmly in bounce territory–Think Up $study

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We are comfortable now for those early knife artists to say that all the breadth indicators are stretched far enough to try an RTM trade (Return to Mean).  This is not a call on the bottom in place, it is a counter trend call, so upside could be limited.   Our Zweig is 2 days [...]

Looking for $ES_F 1352 to short and 1322 to go long $study

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Around the Globe Asia – CLOSED Shanghai (China) -0.60% Hang Seng (Hong Kong) -1.15% Nikkei (Japan)+0.23% Europe as of 5:41am EDT DAX (Germany) -2.16% FTSE (UK) -1.76% Today’s Economic News: Interest rates continue to fall as investors seek safety.  We can not resume our rally until that breaks. Quote of the day: The only time [...]

Breadth showing some green shoots $ES_F 1345/1360 are key

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Around the Globe Asia – CLOSED Shanghai (China) +0.07% Hang Seng (Hong Kong) -0.51% Nikkei (Japan)-0.39% Europe as of 7:32am EDT DAX (Germany) +0.15% Today’s Economic News: FTSE (UK) -0.37% Quote of the day: Facts do not cease to exist because they are ignored. – Aldous Huxley   Current Allocations from our room: Performance Month [...]

What ever happened to stick with a plan? Europe dragging us down to $es_f 1330 today?

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Around the Globe Asia – CLOSED Shanghai (China) -1.65% Hang Seng (Hong Kong) -0.75% Nikkei (Japan)-1.49% Europe as of 7:33am EDT DAX (Germany) -0.37% FTSE (UK) -1.08% Today’s Economic News: Retails sale from the UK not good.  The leading index from Japan was weaker than expected, still better than last so not too concerned about [...]

Breadth turns Bearish and standing on the edge of a cliff $study

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All eyes on Europe this weekend as voter sentiment weighs in on the fiscal difficulties in the EU with votes in France, Greece and Germany.   A move to the left adds doubt into an already mistrusted European fiscal stimulus / austerity program.  Should Sarkozy pull off the miracle, we should see a bounce on Monday’s [...]

Zweig/Ned Davis 4% System remains long.. Just $study

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    We just missed a Zweig 4% Sell Signal.  For those that don’t know about the Ned Davis/Zweig 4% system that we have been trading, you can read about it here:  Zweig / Ned Davis 4% System.  The thing to know is that it is a long trending trading system that has been long [...]