Art's futures biases for Nov 7. 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. ______________________________________________ The day-of-month indicator has just flipped from bullish-to-bearish, nudging the overall index calendar indicators to the sell side. This dovetails with a majority of the either-or indicators. The verdict is that we've done an about-face and should see stock market selling pressure on Wednesday.
Art's futures biases for Nov 8. 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 Nov 9. 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. ______________________________________________ Expect renewed upside action in the indices for Friday.
Art's futures biases for Nov 12. 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 Nov 13. 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. ______________________________________________ All major Czar sectors are urging index longs for Tuesday.
Art's futures biases for Nov 14. 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. ______________________________________________ Both major signal categories are urging sells across the bond complex for Wednesday.
Art's futures biases for Nov 15. 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. ______________________________________________ Was Tuesday's stellar rally for real or mere whistling past the graveyard? Certainly, there are a number of fundamental bearish scenarios one could advance. That's not really my area of expertise, but I must say, I like the way the CzarCharts are lining up in favor of the "another shoe is going to drop" argument. In the face of--among other things-- near-$100 crude, a collapsing dollar, and a sub-prime crisis, it just feels better to be bearish. But again, feelings have no place in the mechanical universe. I will be shorting the indexes on Thursday because the CzarCharts are now firmly in the sell camp.
Art's futures biases for Nov 16. 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. ______________________________________________ The best bet for Friday is the upside of the currency complex.
Art's futures biases for Nov 16. 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. ______________________________________________ According to the CzarCharts, Monday should see renewed upside action in the indices. The best buy opportunity should prove to be the S&Ps.
Art's futures biases for Nov 20. 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. ______________________________________________ In accordance with the less-frequent and calendar biases, the recent oversold condition and the stock market tendency to rally around holidays, I will be buying the S&P and Russell on Tuesday with a fair amount of confidence.