As you all know by now, my market analysis comes primarily from the system described on the website that many of you have tried. The system seems to have the most consistency when time frames are combined rather than always following one time frame. For example, sell signals on a 60 nminute chart are more effective when the market is in a sell zone on a daily chart as well. I am going to try to communicate the status of some of the longer time frames in several markets to help filter some of the signals. I hope this is helpful for you.
In general, the S&P, NQ, Gold and Silver look positive and the Dollar and Treasury futures look negative. I realize that as I pick this up again some of these moves are fairly well established. Any of them can change at any time but this is where we are for now.
This morning, I think there is a chance to get short the bond future at 121'22 with a '24 tick stop and an initial open ended profit target. You could also consider buying puts from this level.
There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results
Monday, July 27, 2009
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