12 replies to this topic

[redfoliage2]

VST signal is currently at Neutral, but I see the next turn is likely to be bearish...........

[redfoliage2]

The signal closed the day at Neutral, but I'd not be surprised if the market turns down tomorrow...............

[redfoliage2]

SPX formed a spinning top candlestick today. A spinning top formation after a prolonged uptrend suggests that a reversal may be in the cards.

Edited by redfoliage2, 23 January 2018 - 11:08 PM.

[salam]

SPX formed a spinning top candlestick today. A spinning top formation after a prolonged uptrend suggests that a reversal may be in the cards.

 

Only thing Spinning is Heads of unhedged Shorters!

 

...and on that note. I've added a position short on the high of the year just now; 5 point stop. Dow looks tired

[salam]

Stopped out for 5 points ....the gap and go continues

[redfoliage2]

The market is in an maniac condition ignoring valuations and gravity.  However, this may turn out to be just an exhaustion gap..............

Edited by redfoliage2, 24 January 2018 - 11:04 AM.

[redfoliage2]

The signal is currently Neutral.

So far I see this dip as filling the morning's gap and then running up again..............

[salam]

Well, I flipped back short on the initial pullback Got a Dow short in @ 26310 and SP 2842....trailing stops in play as this could be a key reversal...but I doubt it as there is strong support in SP 2821-27 area

[redfoliage2]

Well, I flipped back short on the initial pullback Got a Dow short in @ 26310 and SP 2842....trailing stops in play as this could be a key reversal...but I doubt it as there is strong support in SP 2821-27 area

I see this is a temp dip as this is not a time for a key reversal.  We will see today's high again, maybe tomorrow or Friday.   The recent run up may continue to 2880-2890 area ..............

Edited by redfoliage2, 24 January 2018 - 12:57 PM.

[salam]

took 1/3 profit @ 30 and covered with a 3 point stop on the long

 

Oh and also cashed 120 Dow points...planning to reshort the pop

Edited by salam, 24 January 2018 - 12:54 PM.