Heads or Tails Mr. Bernanke?
The SPX declined -7.5% from the 1687 5/22/13 symmetry high to 1560.33, and has now advanced +7.7% [low to high] to a 1680.19 high. The initial leg down from 1687 to 1598 [-5.3%] reversed off the 50DEMA and made a 1654 high [+3.5%] on 6/18/13, which was the 51.6 month Pi time symmetry [6 x […]
Market Reverses in Time Symmetry Zone
In an earlier commentary last month I was quoted as saying “There is an incredible herd mentality that the Fed will keep the pedal on the QE program etc. which is the so called “magic put” for the market. However, the herd mentality has been and will be wrong again this time as the Fed […]
The Primary Market Tools
You can not predict markets with any high degree of success, or the duration and extent of a market move, but you can anticipate and pinpoint high probability reversal or acceleration price and time zones with a positive mathematical expectation of success. However, when a market nears a potential turning point you must look for […]
The Red Alert Time Zone
The SPX finished last week +2.0% to 1666.12 and has advanced 17 of the last 21 trading days [80.9%] from the 1556.03 low at the 50DEMA on 4/18/13. The “Fed Rules’ as it has been able to continue inflating the “bubble” despite the negative economic and fundamental misses/below expectations. There is an incredible “herd mentality” […]
Fantasy Markets is The Game
The SPX was +2.0% last week closing at a new cycle high of 1614.12 on Friday. This was accelerated by the NFP “fantasy report” from the Bureau of Labor Statistics (BLS), which you can never distinguish whether it is reality or fiction. Regardless of the report’s credibility the market reaction was +1.0% for the SPX. […]
Market Countdown to Key Time Symmetry
The SPX declined -3.8% in 5 days from the 4/11 1597.35 high to the 1536.03 low last Thursday. There was Fib Time Ratio symmetry on 4/12/13 measured from the 4/2/12 and 9/14/12 highs [1422.38-1474.51], and the market was extremely O/B on a momentum and sentiment base in all-time periods. The SPX had also taken out […]
Reality Will Rule
The SPX advanced +17.2% to the 4/2/13 1574 high from the 11/16/13 1343 low, having taken out the 1365.15 previous bull cycle high close, but not the 1576.09 10/11/07 bull cycle high. The monthly SPX 5 RSI of 87.40 on 4/2/11 was and is extremely extended, and the risk reward in that zone is obviously […]
Trading Intraday Extended Volatility Levels
Longtime professional trader and veteran investor Kevin Haggerty details the benefits of trading extended volatility and highlights a recent volatility band opportunity in TSO.
Bull Cycle 4 Years Old Today and Counting
Commentary for 3/6/13 In the previous commentary I said that with the 1530.94 SPX high, weekly 5RSI at 83.93, and monthly 5 RSI at 80.36, the market wasn’t saying “buy me because the timing is good and I am cheap”. In addition to being O/B there was some monthly Pi symmetry in that 2/18/13 was […]
High-Probability Market Symmetry
Longtime professional trader and veteran investor Kevin Haggerty drills down into last weeks SPX churn and highlights high-probability reversal and acceleration zones in the upcoming months.
Fed Ponzi Scheme Inflates Market but Kills Volatility
This week professional trader Kevin Haggerty further analyzes the advance of the SPX and shares his outlook on day trading opportunities amid this period of low volatility.
Currency Devalued, Economy Down, Market Up…For Now
Kevin Haggerty shares his insights on the Feds attempts to inflate the market as the SPX hits its 5th consecutive weekly gain, as well as highlighting upcoming key time symmetry dates.