Replies to post #12866 on Market Sense and Sentiment (MKTSS)

[bbgold]

FTSE Speculation
The FTSE is continuing it's uptrend but reaching a HOD and MACD crossover on it's 5 day chart. Might be an indication of the Futures topping out again. The FTSE is just speculation though and we need to keep an eye on what the US Markets are actually Doing. Dow mini Futures topped near 8500 and have been retesting support. Watching 8450 as current resistance and 8430 as support. Might indeed just consolidate a while before heading higher or lower. Will be watching SMAs to continue to hold Support for the Plan to remain Bullish. Puts could be played at the HOD signals but only down to tests of Support that Hold Support

[Bernard Ng]

IndexPulse TrendWatch for Tuesday

Overall Market:
Long Term: Short
Medium Term: Long
Short Term: Long

Time Frame and Trading Signals: as stated in iBox

Futures are green. FTSE is trading at LOD. TNX is trading at LOD, sitting right at 320SMA, probably a catchup to the market slide from yesterday. It's a mixed scenario out there. My testing signal suggests that we should buy the gap fading if there is one, because we should head back up today. Meanwhile we are trying to hold 320SMA above 8300. I guess a break below it will make it a bearish play for the Plan.

Wholesale Inventories will come out during the trading day at 10:00pm.

INDU's 5 day MACD support at -30, resistance at +75. A long call should be made at MACD support today.

INDU should have a trading range between 8250 and 8500.
NDX should have a trading range between 1050 and 1000.
SPX should have a trading range between 875 and 900.
assume we will not fall off the cliff today JMHO.