The explanation of the long term RST sell trigger in June 2015 following the May 2135 cycle high was explained in detail in the previous commentary of 11/13/15, as were the details of the significant Pi cycle timing elements, so please review that commentary. The SPX made a double bottom at 1867 [8/24] and 1871.91… [Read More]
I stated in the previous commentary that the significant long term significant RST monthly sell pattern would be triggered with an SPX monthly close below the low of the bull cycle high month which was a 2134.72 high and 2067.93 low. The cycle high was 5/20/15 and it closed in June at 2063.11 with the… [Read More]
In my 8/24/15 Trading Markets commentary I said that the SPX made a bull market cycle high at 2134.72, with a monthly low of 2067.93, and a monthly close below that low would trigger the highly significant 7 point RST pattern that dates back to the 1998 bear market low The high SPX monthly close… [Read More]
The SPX made a bull market cycle high on 5/20/15 at 2134.72 and a monthly low of 2067.93 A monthly close below the low of the high month in June was the trigger for a highly significant 7 point RST that dates back to the 1998 bear market low, which is outlined on the SPX… [Read More]
The SPX bounced off its 200DEMA inflection point and made a 8-day Fib day count run to test the highs of its 2015 relatively narrow trading range and made a 7/20 2132.8 intraday high before closing on 7/23 at 2102.15, or +2.1% YTD. As of last Fri [7/17] the SPX was +3.3% YTD. However, the… [Read More]
Bloomberg reported that hedge fund managers increased their short positions while stocks moved higher last week. From the perspective of a contrarian, this is bullish for stocks because contrarians believe the majority of managers will be wrong at important turning points. Simple analysis like that is rarely useful or profitable and traders should dig deeper… [Read More]
At this point of time, the market will move in the perceived direction of the budget talks. Any inkling of a deal will likely send prices skyrocketing because the selling has been relatively light – there’s been a lack of buyers and they are waiting for safety before committing. Yesterday’s 100+ point down day was… [Read More]
The market is now oversold and with headlines like this on CNBC.com “First a default, then a depression?” Some think so” it’s time to begin scaling into the market. Have a great weekend! Today’s Potential Opportunities on Further Pullbacks: Stocks: CVX,IRM ETFs: EWJ For today’s official Daily Battle Plan set-ups click here.
Kevin Haggerty is back with his analysis of some recent high probability trades as well as a look at how to identify key market reversals.
Longtime professional trader and veteran investor Kevin Haggerty dissects the day trading opportunities from the 1st week of October, and details a recent high probability trade of Monsanto Co.