$Fibonaci levels at best $SPX $COP

February 4, 2016 11:42 am / Published in Market Update, SPX
The shorts are being force to cover and once again the market closed positive for third day in a row.   Both, financial and Energy are leading.  The SPX is approaching the 50% Fibonacci retracement 1940 which could create resistance.   Indexes rose for a third straight session, propelled by higher crude prices, on hopes

$OIL -7% and high correlation with $SPX -1.8%

February 2, 2016 3:59 pm / Published in Oil, SPX, SPY
Correlation higher than >95 in a weekly basis Here is a nice article from TheEcomomist.com https://www.economist.com/news/leaders/21688854-low-energy-prices-ought-be-shot-arm-economy-think-again-whos-afraid-cheap?frsc=dg%7Cc    

Trade Long $GOLD

January 29, 2016 3:34 pm / Published in * Trade Alert, JAPAN, JPY, SP500, SPX, SPY
    The bank of Japan have changed the market tone. We traded outside of the consolidation range.   There is room to go to 1975      

Volatililty and Major Low on $SPX at 1812

January 20, 2016 5:18 pm / Published in JPY, SPX, VXX, XAU
Wall Street ended lower in volatile trading, extending this year’s selloff as oil prices continued to plummet unabated, while Treasuries and gold advanced. The safe-haven yen climbed as risk appetite soured, dragging the dollar lower. Today trading model  

Protected: Intraday Trading for January (Password: ES)

January 14, 2016 5:48 pm / Published in * Trade Alert, SP500, SPX, SPY
There is no excerpt because this is a protected post.

$SPX Future Turning Points

January 12, 2016 11:51 pm / Published in SPX
Treasuries rallied, while oil fought back after it traded below $30 a barrel for first time in 12 years. The dollar strengthened against a basket of major currencies and gold declined. Below can notice 3 turning points for the SP500 March future contract. The algo show turning points 5 days in advance; this allow traders