TIME | ALERTS | |
22:21 | What a miserable day. I was looking for a move higher. Based on the Pennant and levle 3 reversal around 12:00, I recommended taking a long position. Got stopped out when Obama started speaking. Too bad, it would have been a good trade.
Took two earlier trades trying to short the market, but the market kept pushing higher.
The colored boxes are Gillen sensitive Moon degrees. Still don't know how they should be used.
Trades: -3, -2.5, +1.5, 0
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15:25 | Chart update
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15:03 | Chart update.
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15:02 | Chart update.
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14:56 | Chart update.
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14:52 | Senate says they have a deal.
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13:58 | Stopped out @ 1407 [0]
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13:54 | Lower stop to 1407. This is B.S.
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13:51 | Not what the markets wanted to hear.
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13:49 | In @ 1407
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13:46 | Short now
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13:23 | If Obama had something bad to say, wouldn't he be speaking later in the day?
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13:23 | More bullish pennants are forming.
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13:14 | Negative Gillen Moon degree at 1:15. Obama speaks at 1:30. :-(
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13:06 | Chart update
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13:04 | If it wasn't for this damn Fiscal Cliff, I would be short here.
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12:57 | Candles pointing lower. Will wait for Obama before putting on another trade.
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12:56 | Stopped out @ 1408.50 [+1.5]
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12:47 | Chances of a "W" reversal to the downside are highly unlikely now. But be prepared to flip when Obama speaks.
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12:42 | Buy @ 1407 stop 3 points
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12:41 | Obama to speak at 1:30
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12:32 | Moving up outside the pennant, but no news yet. Could turn into a "W" reversal and send us lower.
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12:27 | I am looking for good news to break, but it could be bad news and send the markets tumbling. Watch the news! Today everything is about the news.
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12:11 | Bullish Pennant formations on most charts. Low 1398, High 1404.
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11:58 | Level 3 reversal at 12:10 is about 10 minutes away.
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11:56 | Chart update
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11:55 | Candles on 15-minute chart suggesting a pull-back. 10- and 13-minute chart forming a bullish pennant.
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11:31 | Now we are moving below the upward channel. I am not going to short. Markets have made up their minds that there will be a resolution. Any pull-backs will be viewed as opportunities to go long. Especially around the 12:10 reversal.
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10:43 | Pervious reversals have mostly failed to form correctly.
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10:42 | RV @ 12:10
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10:35 | A number of reversal signals starting to form. Watching.
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10:30 | We were right to wait. Another pop up. Not often you get a chance to play the market on a day when Washington could ruin the entire economy by the end of the day.
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10:23 | Chart update.
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10:22 | Another short opportunity here. I think there is some underlining bullish sentiment here. Chart shows an upward channel. I am waiting for a breakout to the downside.
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10:03 | chart update
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09:58 | Those were both perfectly good set up. I am standing aside.
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09:57 | stopped out 1398.5 [-2.5] --> backing off.
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09:53 | Sell 1396 - stop 1398.5
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09:47 | Stopped otu @ 1396 [-3]
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09:33 | Sell @ 1393 - stop @ 1396
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09:28 | Looking to short.
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