Friday, July 22, 2016

Outlook for week of July 25, 2016

I said to expect a sideways market with an upside bias for the week.  That describes what we saw I believe as both the SP500 and DOW30 were both up less than 1%.  With the 40 week (9 month ) cycle being down and showing some dominance and the 5, 2.5  week cycles down (10, 20 week cycles up) expect a sideways market for the coming week.  The difference is - a DOWN side bias.  The market giveth one week and takes it back the next week!!!

Expect trading in a tight range.


GL traders

Update  July 27: As suggested the week is flat with down bias (so far)



Posted by at

11 comments:

  1. BETJuly 23, 2016 at 5:59 AM

    thanks for your interpretation of the market increasingly technical and precise, so side .... operation on hold next week ...

    ReplyDelete
  2. InletJuly 23, 2016 at 10:00 AM

    BET You are welcome.

    Hard to trade a side ways market. Of course there are individual stocks that do better or worse than the market.

    Bought a small position in RWM as the broader indexes look more likely to make larger % moves.

    ReplyDelete
  3. BETJuly 25, 2016 at 1:09 PM

    INTEL
    THKS VERY MUCH, I CAN'T BUY RWM BECAUSE IT NOT 'HARMONISED...Can you recommend ANOTHER? SP500 SHORT?

    ReplyDelete
  4. InletJuly 25, 2016 at 4:31 PM

    BET Inverse S&P 500 ETF - "SH"

    ReplyDelete
  5. BETJuly 26, 2016 at 12:37 PM

    SP500 LEV 1 IN USD LU0322251520
    SP500 LEV2 IN EUR LU1327051279

    I FOUND THESE WHAT DO YOU THINK?

    ReplyDelete
  6. InletJuly 26, 2016 at 5:21 PM

    May be, not sure it is the same as SH, but appears to be an equivalent fund:


    DB XTrackers S&P 500 short - LU0322251520 - Börse...

    www.boerse-berlin.com/index.php/Funds?isin=LU0322251520</...





    LU0322251520. Issuer. Deutsche Bank AG. Security type. ETF. Country. Luxembourg. Home market. Frankfurt....

    ReplyDelete
  7. JLJuly 26, 2016 at 6:46 PM

    hi inlet,

    do u plan to increase your bet on RWM in september, apparently the peak of this 20w cycle?

    thanks
    jeff

    ReplyDelete
  8. InletJuly 27, 2016 at 3:18 AM

    Jeff, plan to add to position later if market behaves as expected. I tend to buy early and add later,

    ReplyDelete
  9. BETJuly 27, 2016 at 7:03 AM

    SP500 etf short is also listed on Milan and Frankfurt, I have not yet purchased short when you think you fit the first order?

    ReplyDelete
  10. InletJuly 27, 2016 at 8:47 AM

    Not surprised, probably has an ISIN preceded by a country code. Probably registered in other countries as well? I do not have access to the ISIN database.

    ReplyDelete
  11. BETJuly 27, 2016 at 9:58 AM

    OK PERFECT, REMAIN IN YOUR WAITING FOR THE OPERATION 'AND OR ADVICE

    ReplyDelete

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