The next few weeks we are studying market timing. Often we have the right trade, but we are on the wrong timing of the trade. We want to chose high probability trades; therefore, I look at several things to help me decide.
Given the varied levels of trading knowledge, I thought it would be helpful to create the charts/targets and commentary. New traders, perhaps, stay with Group 1, 2, or 7 only to avoid confusion. I am providing choices...choose a set-up you like and focus...let the others go.
I am once again honored to post CopperSTL's weekend set-up. Please follow her on Twitter @copperSTL and her blog can be found at bullsonwallstreet.
We are continuing our study of market timing with set-ups.
Per requests, I will keep charting links in this post for another week.
email leigh@bullson.ws for inclusion (.pdf format) and all of her blogs can be seen here.
All: Please give a warm welcome to @copperstl! I have been reading her posts and she is a very in depth and accurate trader who likes to teach people. She sent me this wonderful email and I wanted to see how everyone liked it, so please comment away in the new Disqus comment section. She is also apart of bullsonwallstreet.com (works on top of Twitter like StockTwits), so make sure you check out some of her work over there as well.
This will be the last free note that I do going forward. Starting next week, my notes will be apart of the newly minted Level III+ subscription. Dasan's letter will launch Thursday and we plan on having a discounted package that includes Level III+ & The Dasan Stock Digest. Have a great weekend.
Equity Equation is “simple”
Next weekend will mark the end of my research notes being freely available. They will be available to our Level III+ subscribers exclusively after October 1st. We intend to have a package available to gain access to both The Level III+ and The Dasan Letter. Stay tuned.
Market Musings with Anthony
Where are all the USD bulls?
Spokesmen for the Obama Administration and the Wall Street establishment refer to the slight up tic in lower-priced housing prices and existing home sales as a positive sign that we’re close to a bottom. Why is it, then, that housing prices in the mid to high-end range are still crashing? Indeed, if you close your eyes and listen to the happy talk, you could be swayed into believing that the massive credit losses from housing are coming to an end and economic recovery is finally here.
The S&P 500 Rebounds
After a large sell off and two absolutely boring days, the S&P 500 was able to recover Friday and move back up above that 1010 level we have been focused on. Does this mean the S&P is ready to start another leg up? It could, but I would keep a close eye on a couple of things before taking the plunge of getting long or longer this market.
The S&P 500 to 980
I am always very reluctant to call the market in one direction or another, but the technicals do point to a possible test of the 980 level we are watching. Besides the technicals, which we will get to, there are several other factors as to why I want this market to move down and test that level.