Thanks, Nitro. I continue to think that much depends on what the Euro does and I fully expect it to move still lower relative to the dollar. A stronger dollar should push the US market further down in June or July, especially commodities. I would expect an uncharacteristic Fall rally this year with a strengthening Euro and a weakening dollar. We shall see. Good trading to you.
YW. Ok, but be aware that NFV is valid only for a day, and even though the number is calculated in real-time, I don't post updates often unless it moves by five or more (and I can keep up. During the flash crash, it was oscillating wildly back and forth ten at a time within seconds. I am not posting that). I have found that one of the most important states of mind in all of existence is, STAY OBJECTIVE. It is especially critical in anything where the dynamics of whatever you are doing can change fast, e.g., trading/investing.
Yes, of course. Just wanted you to know I do find your NFV values of practical use on a day to day basis, and wanted to thank you for those.
"NFV" goes out at 1092.66. SPX ran for cover the last few minutes and went out at 1070.71. That is definite edge long. Psychological support 1050. Real support 1042.
These are busy times. I have been working hard on my new trading book: "How I put my kids through college using Nitro's market calls" Shortie Steinbeck Out