WEEK 9/2018 RECAP

Trading Futures, options on futures and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment.  The lower the day trade margin, the higher the leverage  and riskier the trade. Leverage can work for you as well as against you; it magnifies gains as well as losses. Past performance is not necessarily indicative of future results.


MARKET MOMENTUM – ES (S&P Futures)/SPY

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  • ES momentum continues to hold at 50ma resistance/support
  • ES Moving Averages: 50>PRICE>10>200
  • VIX closes out in Mid 19’s 
  • Volume hovering ABOVE 60 day average
  • Weekly trend DOJI/INDECISION on HA bar; unable to close above week 08 high
  • SPY
    • Daily price action momentum pullback to 100sma; 50>PRICE>10>200
    • Weekly price action holding upside; unable to close above week 08 open

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Video Recap:

  • Recap in Week 10 Outlook

ETF’s

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  • Total Stock Market Index (VTI); UPTREND PULLBACK
  • IBD 50 ETF (FFTY); UPTREND PULLBACK
  • ETF Leaders (LDRS) newly formed index under 10ma
  • IBD Can Slim (CANGX) ON HOLD
  • Tech Sector (XLK); UPTREND
  • Internet Index Fund (FDN); UPTREND
  • Dollar Index ETF (UUP); DOWNTREND
  • Volatility Index (VXX); UPTREND
  • Bloomberg Commodity Index ETF (DJP); UPTREND

Golden Setups of the Week

  • Looking for highest probability setups with Murray Math Levels, S3/T3 MA’s and HA bars.
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