Friday, July 29, 2011

Hold signal + Unhealthy + July Trades

With the dip below the 7/18 swing lows, the system flips to unhealthy mode today.  In a nutshell this means that buy signals will be harder to come by, and sell & short signals will come more frequently.

Either way today's signal is a "hold".  That will change only if something extraordinary happens this afternoon.

I'm not here to guess - but if I was... I would say Monday will be another red day followed by a multi-day rally beginning Tuesday.  Let's see if I'm right... Have a good weekend all.

Monthly archiving of signals...



                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
Date
Signal
 TNA
Jun 24Buy
73.55
Jul 1Short85.43
Jul 5Hold

Jul 6Cover
87.19
Jul 7Short91.02
Jul 8Hold

Jul 11Hold

Jul 12Cover
82.32
Jul 13Hold

Jul 14Buy
80.45
Jul 15Hold

Jul 18Buy
78.20
Jul 19Hold

Jul 20Hold

Jul 21Hold

Jul 22Hold

Jul 25Hold

Jul 26Buy

Jul 27Hold

Jul 28Hold

Jul 29Hold







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3 comments:

  1. MicheleJuly 29, 2011 at 12:16 PM

    I think I agree. Our government is obviously planning to wait until 11:59:59.999 PM on Monday night before announcing that they have agreed on something. Until then, the market will continue lower and until then I'm staying away.

    ReplyDelete
  2. JamesJuly 31, 2011 at 7:25 PM

    Looking good for Monday. Up a measly 17.5 pts. :)

    ReplyDelete
  3. JoeAugust 1, 2011 at 11:09 AM

    Too much bad news and uncertainty to be trading this market at any length. Day trading is a little more fun at this point. $ strong today.

    ReplyDelete

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