Sunday, February 24, 2019

Weekly outlook february 25 2019

Appears SnP500 stopped 4 times at the same area.  Let's see if that resistance zone holds and market turns down?

GL TRADERS

Saturday, February 16, 2019

FEB 18, 2019 WEEKLY OUTLOOK

Are we headed to new highs?  I  suspect we have seen the 10 week cycle high this past week.  We had a major low December 26 and  5 weeks from that (half the 10 week cycle) would be late January or early February.  But it is now about 7 weeks in to the 10 week cycle (so we should have seen the cycle high).

It is not uncommon to see "right translated" cycles once a trend turns up.  So we may have seen the down trend (Oct-Dec) play out and now are in an up trend. 



GL traders

Saturday, February 9, 2019

FEBRUARY 11, 2019 WEEKLY OUTLOOK

 UPDATE 2/12:

As I suggested mid week last week may offer a buying opportunityMid to late week sold off and  depending on what stocks you were watching  provided an opening to make a buy. I had bought 4 stocks on Thursday and put in "sell gtc orders before market open."  Now need to find something to buy (only 1 position left).

Like I have stated in the past shorter  cycles can provide  larger per cent movement in a shorter period.  For example a 50 point movement of  the SP500 in 5 days is an average of 10 points a day, whereas over 10 days that 50 point movement is 5 points a day.

This is why shorter cycles (like the 10 week cycle) can have an over size short term impact down /up  even when multiple longer cycles are moving the opposite direction (as we  saw the latter part of the last week).

Here is the new week (updated):
 



GL traders
 
 

Saturday, February 2, 2019

FEB 4, 2019 WEEKLY OUTLOOK

The 5 week cycle completed its 5 weeks from the last bottom December 26 and turned up.  The 10 week cycle completed a half cycle and topped.  That  gives us an up 5 week, up 20 week cycle and up 9  month cycle this week.  The sum of the cycles should be UP, but the 10 week cycle will moderate the move.

The stochastic RSI indicates  a possible near term trading buy (mid week?)  See for yourself:

 GL traders