Tag Archive

Higher into Earnings/Options Expiration

Published on October 16, 2011 By admin

The YM hit the MTPredictor wave 5 down target last week.  It then began the bounce higher off this area on its way to the wave 4 Decision Point resistance area starting at 11,600 – 12,000 area.  The markets have also followed the earnings season and options expiration tendency to move higher.  Now, we’ll see [...]

Greece Default Ahead?

Published on September 25, 2011 By admin

The Dow sold off hard last week off of the MTPredictor TS3 sell signal that was given back on 9/1.  Friday we came into the MTPredictor Decision point support.  The MTPredictor trading software gave a DP buy signal due to the divergence in our Strong Trend Filter.  The signal is against the bigger trend so [...]

Fed Ahead

Published on September 18, 2011 By admin

The markets rallied into options expiration week as it does about 70% of the time.  This stopped the daily YM TS3 sell signal as a break even trade.  The MTPredictor wave 5 targets, however, are still in play as the wave 4 resistance area has not been taken out yet.  If it is not taken [...]

Thoughts on 9.11 + Weekly Market Update

Published on September 11, 2011 By admin

Tonight’s video contains  some brief thoughts on 9.11 and one of the important trading lessons I learned.  I certainly don’t take these markets for granted. The Dow futures have opened lower this Sunday night.  The TS3 YM short has rolled over with the wave 5 target in sight. The TS3 oil short has stopped at [...]

Dow Short Again. New Highs for Gold?

Published on September 5, 2011 By admin

The Dow moved higher into wave C up which generated the MTPredictor TS3 sell signal in the YM daily chart last week.  Targets for this trade which include the wave 5 down are in tonight’s Weekly Market Update video. Oil has also generated a nice ABC pattern into an MTPredictor TS3 sell signal.  This one [...]