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Dec
24: Closing Read
For
the shortened day, signal weight closed very strongly positive,
the Change essentially zero. With the Primary now at +9458
(+12200 old) it's now in overextended territory. We should
expect a slope change down on Monday as any further gains from here
in price will be unsustainable setting up a reversal.
Dec
24: Opening Read Trading Model Achieves Target
Signal
weight continues to hold in strongly positive at +1169, the Change
-5. The Primary is approaching overextended levels now. The
trading model achieved the profit target of 112.19 just after the
open.
Dec
23: Closing Read
Signal
weight stayed strongly positive all day and a slope change down
was not in the cards for today. Tomorrow is a half day and
typically not much happens, but we'll see. Obviously, we're
at that point again in the cycle where we'll need to see equally
strong signal weight tomorrow as today otherwise a slope change
will occur. This would be more likely on Monday.
Dec
23: 10am and final post until after the close
Signal
weight now only +391, TTXSlope=3.6 bars. This is the last
post for me today folks until after the close. I'm flat in my trading
account and going to play golf. Tomorrow is a half day so...happy
holidays!
Dec
23: Opening Read
Signal
weight has opened strongly positive at +1333, the Change +23 as
the old highs are being tested.
Dec
22: Closing Read
Any
negative signal weight tomorrow will conclude this cycle, otherwise
expect it to continue to retest the highs of last week.
Dec
22: 11am
Signal
weight now weakly positive at +476, the Change -40, TTXSlope=6.7
bars which is still quite a ways away. Unless signal weight
stays above +600, we'll get a slope change down later today.
Dec
22: 10:12am
Signal
weight increasing to +1120, the Change -12. The trading model
is still long SPY at 111.19 with a gtc exit at 112.19. End
of the year trading typically gets lighter volume but the moves
are magnified somewhat.
Update
10:45: Signal weight erroding to under +700
Dec
22: Opening Read
Signal
weight moderately positive, the Change -27. Expect the highs
from last week to be tested today as long as signal weight remains
moderately to strongly positive.
Dec
21: Closing Read
Signal
weight strong all day, the Change -2 at the close. Signal
weight will need to be positive in the morning to keep this cycle
intact, otherwise the process of the next slope change will begin.
Dec
21: 3:12pm
With
signal weight +1350, the Change just went negative.
Dec
21: 2:22pm
Signal
weight holding +1444, the Change now +10, the Primary +1507 rising
at +393 ticks per bar as the Change approaches zero.
Dec
21: 11am
Signal
weight +1414, the Change +44. We should expect the value of
the Primary to pass zero shortly. With the Slope +260 and
the Change +44, we probably won't see the Slope get to +500 or more
so we shouldn't expect to see the Primary get to +4000 on this cycle
unless signal weight goes above 2000 which isn't too likely. Hence,
this cycle might be shorter than the typical cycle.
Dec
21: 10am Enter Long Confirmed at 111.19
The
enter long signal has confirmed at 111.19, the trading model is
long at that price with a gtc exit at 112.19. Any move lower
in price this bar or next can be bought.
Dec
21: Opening Read SLOPE CHANGE CONFIRMED,
EARLY ENTER LONG SIGNAL ISSUED
Signal
weight strongly positive at +1323. The Slope change has confirmed
and an early enter long signal has issued that will confirm at 10am
if signal weight exceeds +1050.
Dec
21: Pre Opening
The
Market's trading up pre-opening so we can expect that signal weight
will be positive enough to confirm the slope change just after the
open.
Dec
18: Closing Read Early Slope Change Issued
Nothing
like an end of day end of week signal. Obviously, Monday's
opening signal weight will determine if we get a confirmation of
the slope change as they cannot confirm at the end of a day. The
trend of the Secondary is still up and hence if we do get a slope
change, we'll also get an early enter long Monday morning as well.
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