Strong indications of fear suggest a tradable bottom for today:
BUY
Risk 5 pts (reverse and go short if stopped out)
Target 7 pts.
Raise stop to breakeven after 1 hour.
932 last.
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Developed by Timothy R West, a twenty year veteran market technician, this blog is dedicated to the US stock market indexes for intraday timing for defined risk entries and exits. The systematic approach will typically find 1 to 3 trades per day that can be expected to yield 2% to 10% returns per month.
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2009
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June
(16)
- BUY SIGNAL: Stop under lows or 5 pts in S&P500
- Generally bearish environment - sell signal
- ES hit 7 pt profit target - 907.50 to 900.50
- Bearish reading in first 30 minutes today
- Buy Signal: Short term Only 1:52PM
- Awaiting a signal -
- At 10:05AM 930.50 last, "Heavy Put Buying" strategy
- BUY DIPS of 5 pts OFF OF HIGHS
- Long Entry - 937 or better - ESM9
- Long from 938 - hit 941.25 high - Raise stop to br...
- BUY a drop to 938 as of 2:38PM
- 10:24AM - BULLISH environment to buy today -
- CLARIFICATION
- New Buy Signal at 10:30AM is an hour old - but sti...
- Buying opportunity - Risk 5 pts - target 7 pts
- Comments on Yesterday's Action
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June
(16)
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