Art's futures biases for Aug 18. A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
Art's futures biases for Aug 21. A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
Art's futures biases for Aug 22. A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias. ____________________________ There are definite cross-currents for Tuesday, particularly in the indexes. The calendar side urges longs based on the day-of-month indicator moving into it's near-month-end buy mode. The less frequent indicators, on the other hand, are posting some convincing sell signals. All three markets had five up days in a row followed by a down one as shown on the second line of the second box. That historically portends a good bet for selling the next open. The S&Ps are adding further support to that argument with their cap top formation. That market also adds the only non-neutral either-or signal to the equation--it's a sell. In short, the balance tips only slightly to the sell side, but I'm willing to buy the argument. Remember, the calendar tendencies can easily be a day or two off and we have had a pretty overbought environment of late.
Art's futures biases for Aug 23. A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
Art's futures biases for Aug 24. A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
Art's futures biases for Aug 24. A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
Art's futures biases for Aug 28. A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias. ______________________________ As we approach the normally-bullish end-of-month timeframe in the indexes, the other indicators are pretty pretty-much joining the chorus. Expect a rally on Mondayâperhaps a significant one.
Art's futures biases for Aug 29. A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias. _________________________________________________ What a difference a day makes. The indexes have flipped from a long-to-short bias overnight. As a strict mechanical trader, Iâm in no position to argue with them. Iâll be selling the S&Ps from the open; adding to the position on signs of weakness.
That was a very nice call Art. I'd been thinking they might be more lagging indicators but when there is a strong bias +4 as in Friday it certainly panned out today.
Richard Rimes wrote That was a very nice call Art. I'd been thinking they might be more lagging indicators but when there is a strong bias +4 as in Friday it certainly panned out today. ---- Thanks Richard!