Fri 07_11

Criteria 4a is always a risky long

Most of the index weekly charts show this drooping fast line which I never see as a bullish thing

IWM showed a weekly fast line with higher momentum highs and while price made a slight higher high  the potential for a double-top here is apparent (confirms under $107.50) while the higher time frame (upper indicator) still maintains a FL < SL.

Curious to see what becomes of the GLD.  Currently showing 3d-3a criteria on the higher time frame.  It's one of those things that can go either way, but should provide momentum in whichever way it decides.

The monthly looks like it has potential for a break higher, but there is a good deal of overhead resistance.  I'm not crazy about how far the slow line is from zero either.  So, if long is right it needs to show strong momentum.

Wed. 07_09

SPY cylesl which way will she go?

Thu 07_03

Wed. 06_25

Some updates after yesterday's fiasco.  At least some losses would have be recoupable.  A couple potential long entries, but most are a tough call whether to enter or wait to see if it pulls back before continuation.

recent update

update to recent activity

O o O

Out of Office.
Off to LA for a while, any recommendations?

thu 6_12

SPY - daily 20- & 50-MA's are bullish, but the FL is now < SL so there could be a 1b-1a move but it will take the hourly a bit of time to rearrange bullish for a entry on that anticipation.

DIA -still riding the trend, same story as SPY

QQQ - stretched

IWM - will be most curious to see how well this holds onto recent momentum

XLF - bullish corrective

IYT - still bullish, but seeing that 2c criteria (daily) and the fact that the FL & SL are so far apart it seems like it will take a while before this re-orients bullish.

ES 4h

weekly

A few primary targets hit on the weekly time frames.
SPY - hit on Friday.  Expecting the higher time frame (upper indicator) to see a FL/SL cross on next week's close.  As mentioned many times before; just because the FL < SL on the traded time frame (upper most macd) doesn't mean price can't go higher, and when the FL finally does cross the slow line it can be too late in the move (which is why you use the faster time frame (lower 3/10macd) to time an anticipated trade in the direction of that higher, traded, time frame.

DIA - depending upon discretion you could have either stayed in this triggered trade or gotten out because of the 3/10macd fast line ticking lower.  Also, depending upon discretion, you could have entertained the idea of entering long on the close of this week with the fast line ticking up, but it's not really a setup I like to chase.

QQQ - reached it's primary target on very strong momentum.

IWM - actually triggered on the close Friday for a primary target back to the all-time highs

XLF - nearing a primary target, all while the higher time frame has a FL < SL and seemingly waning momentum

IYT - been leading with shorter-term consolidations prior to breakouts

ES - like the SPY reached a primary target on Friday

Wed. 06_04

SPY - within $0.07 of primary target

DIA - Lower high or base to break?

QQQ -  $0.05 from primary.  Kind of discretionary if the desire to hold.

IWM - possibly the tell for the next few days?

XLF - trending along the hourly 20-period MA

IYT - small H&S on the hourly with a MM target to about 142.66 area

@ES 4h - higher time frame macd FL < SL, primary target 7-points away

@ES weekly - FL<SL on the higher time frame, primary target 20-points away, price continues to ride the 20-period MA