The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.


Monday, May 5, 2014

Mon 05_05

SPY - on a buy signal.  Some conflicting indications on the higher time frame though.  Trend is still strong.

DIA - daily time frame looks a bit weak and the hourly setup is one in which I would pass on

QQQ- on a buy signal



IWM  is getting beaten up on long entries.  Price now consolidating through time rather than price.

IYT - can go either way.  The daily looks a bit weak, but the hourly still flagging.

XLF- nothing here yet

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