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Short term close on buy swing still on sell. Swing buy at this time is on 80.16.
Probably 356 but not straight line, it is kind of Zigzag, will confuse a lot of people. 382 to 386 might be in the card for coming week. They have to shoot one by one, otherwise it will be difficult to control. Swing is still on sell.
We closed on sell again.
Close on Sell.
Today's drop on fear of Omicron and supreme court decision. It could resolve the problem of labor shortage (positive), as well more deaths from non vaccinated people (negative). I will be 50% cash till it resolve. Keep some powder dry.
Farooq
Today's drop on fear of Omicron and supreme court decision. It could resolve the problem of labor shortage, as well more deaths from non vaccinated people. I will be 50% cash till it resolve.
It dropped because prices took more time to reach that level other were short and quick.
We are closing on sell.
It is trying to test low.
We did close on sell by rules and did visit lower than closing price, but I think we will close on Buy today. Closing above 78.17 will be a buy.
So it did try to go down now as I suspecting going up.
That is a calculated risk, around J Paul testimony it might test 34 % up move, but things should improve for better.Omicron results are not so bad so far, death rate is low.
I noticed they able to accumulate 27.8 by these minor correction and still kept index on high level. May be in coming couple of years we may see these types of corrections, where as individual stocks may see 20 30% correction. So it could be rotational correction.
Just thinking loud.
ring twice means not LL but slightly LH.40000 area needs to be tested again.
Just my 2 Cents you are better trader than me.
Postman always ring twice.
They already took blood bath,HAHAH.
Nope another excuse to sell. If we don't close above Friday closing it could be blood bath tomorrow. Keep some powder dry.
Short.
Postman always ring twice, it still needs to ring second time.
Agree with you.
If close here than it will be a sell. System take in consideration where price close.Closing below 84.83 is sell for swing as well as day. Coming in to the day it was a sell for day trader. I think they will try to penetrate 86.71 in 28 hours.
I try not to write my opinion so this journal gives how system perform.
Thanks for visiting. Please share your views.
Signal was whipped closed on Sell. Below 394.41 it will remain sell.
We did made new high but could not hold it. I will not trade long side till we close above new high, more chances to making from shorting, but there is no short signal yet.
Is it saying 455 here we come?
Trade carefully, short only after understanding risk.
Trade happy.
Made the breakout confirmed I think 26 is chip Shot tomorrow if S&P 500 does not tank. Still on buy.
TNA signal on cautious Swing signal remain on buy. They might try to take out premium from option by gyrating both sides.
LOL
I do the same, winners carry next year to use interest free money for one year from Uncle Sam. Sell loser at end of the year to take short term losses and deduct from short term gains, keep winner to sell first week of new year. I am sure you are doing same.
Good luck and happy trading.
Buy signal is valid. Will we make new high tomorrow that is big question.
After tax loss selling we are at buy again. Signal closed at buy.
Buy signal never broke the support and First day of the year made multi decade new high. Still on buy.
Buy signal still in pursuing uplift, buy signal valid.
Swing traders buy signal still valid.
True. Liquidity drain will spike inter bank rate like it happen before.
It also depend how fat interest rate rise, It will create a 2-4 year of RE slumps. I was wrong with my due shares of mistake, It is what my assumptions are. Yes till March 2022 we could move ahead in stair case pattern.
Next year we could visit 380 area and 340 could also be possible. As of this writing trend is still up. I will buy some long dated put spread once signal goes to buy.
Closed on buy may try 20 Before year end due to Tax loss selling so some gainer are sold to offset loss.
Closing on buy but tax loss selling could effect market.
Extreme effort to close it at sell but signal still on buy.
Tax loss selling should be done by mid after noon.
Upside action to previous high could start soon.
Next year could be Russell 2000 Year.
KRE does effect TNA because of heavy weight in RTY.
Agree.