First hour energy reversal strategies
For daytraders the profitable action was in the energy sector once again yesterday
Key price and time zone this week
The odds for the Generals’ year mark up increases as time passes without any air pocket down.
Sell strength, buy weakness
This current oversold move is just +3.7% low-to-high so far and 1215 – 1220 is the major resistance zone
My scenario for a positive year-end
Suffice to say it was an interesting week but a good one for daytraders.
Indictment brings in Plunge Protection Team to buy
The market loved the Bernanke appointment so much that the SPX is now -1.7% with three straight down days
The name of the game into month end
The name of the game into month end is to not give back any of the excellent daytrading gains since the SPX 1168.20 low.
Here’s how to play any rally into year end
Emphasize the Generals’ major winners year to date…
Energy stocks in primary focus zone
It has been quite a ride since the 09/30 longer-term time date measured from October 2002.
Year-end spin will try to offset negative market
From this current oversold condition, the spin will get louder about…
Current market perspective
This current air pocket scared many players and that will bring some more selling.
Kevin Haggerty will return in 3 weeks
Kevin Haggerty will be away from the trading desk for about 3 weeks.
Traders will continue to profit on reversals of extended news overreactions
Quick, short-term extended over-reactions continue to be daytrader friendly and will be throughout this period.