The SPX and NDX are showing more strength that I expected last few days. Today, we could end up with a bearish engulfing candle on daily SPX. R Option Model still flat even with the strong price action last week. In a monthly candles we are still below the last month close and high. Also
Yesterday I wrote that the new low could be secure, I was wrong. Today the Unemployment number was better than expected but traders are selling US stocks taking the indexes to a new low today. The question is: Would the next unemployment number be better than this one? The market is selling and the next
The bears are were able to show 3 consecutive lower low on ES Futures The bears are were able to show 3 consecutive negation of 6900 on NQ Futures The bears are were able to show a lower low after a test of the 26000 area on YM Futures If bears
AM EARNINGS still to come.. Time Warner (AT&T DoJ lawsuit commentary), Mastercard (may set tone for Visa, which reports after the bell) Healthcare: Awaiting more Amazon impact comments w/ McKesson and Cigna #’s coming Energy: The Integrateds and refiners are starting to roll with Shell, Conoco, Valero and Marathon Petro.. Exxon and Chevron are both
The market is moving on rumors regarding a potential deal. Republicans in the Senate do not seem to have the votes to pass the spending bill as of this writing. There will be a lot of horse trading today to prevent the government shutdown. The market is assuming that a deal will be reached. Neither
Target Reached on #GOLD in 13 days. Time to manage the position. Cutting some risk now and placing trailing stops. Fib 38.2% is near 1300 Here you can review the entry. https://www.mariorandholm.com/2017/12/13/closing-short-in-gold-and-adding-long-exporure/
Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.