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…. [Read More]
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… [Read More]
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… [Read More]
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… [Read More]
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.
The Market is a Better Barometer than The Herd
Veteran trader Kevin Haggerty is back this week with his commentary on trading key symmetry zones and his latest insights into market behavior.
Bear Cycle to follow Bull Cycle in 2013
This week professional trader Kevin Haggerty analyzes whats in store as we begin 2013 with a new fiscal policy deal, and offers his insights on trading opportunities amid the Q4 earnings season.