Trade the Market, Not the Clichés
The full news calendar today lends itself to erratic trading caused by the futures manipulation, so there might be some extended volatility for daytraders to take advantage of.
Two Trading Strategies for Today
The primary daily chart trend remains up, so the bias is for the generals to mark-up their major holdings…
Contracted Volatility and Key Price Zone
Most all of the reasons given by the media for these daily ups and downs are all Wall Street clichés…
Trade the Expanded Volatility Strategies
A declining $US dollar is inflationary, especially when it’s threatening to break through support.
Day Trading Focus Remains
The daytrading bonanza on Friday in the energy stocks was available to those traders who played GPB (Gap Pull Backs), which was the same for the OIH, XLE and many of the component stocks.
Trading Volatility and Key Time Zones
There are several key time dates this week, but they are not as significant as the time periods in mid-February and March.
Trading Key Price Zones and Volatility
The energy sector remains in a key price zone, and the volatility is excellent, so it remains a primary focus…
This Week’s Trading Focus
The SMH volume was above its 30-day average all 3 days last week, so the institutional activity has increased…
Current Sector Trading Focus
It’s not about love, just volatility reverting to the mean from extended levels.
2007 Has Major Cycle Symmetry
The NDX is significantly underperforming the SPX, and that is not a positive, as the strongest market will see the NDX outperforming the SPX.
The Year-End Markup Has Been Successful
If you trade today, look to the first hour strategies, and if nothing happens, start the new year early.
Focus on Generals’ 2006 Winners
The SPX year-to-date gain as of last Friday was +13%, so all the generals have to do this week is maintain the levels to lock in their 2006 performance numbers.