Real Time Stock Market Trade Signals - 07-14-2015
Proper context can start the day with a solid win and make all the difference.
CHARTROOM LINK(s) Through the prior close... Overnight action''s new info... If, then... First Trade... Surging to fresh highs, and its targets. The open''s surge through its 2094.50 buy signal extended higher to its minimum 2097.00 target. A consolidation there has resolved up to probe the next higher target of 2099.00. Both 1-minute and 3-minute RSIs are diverging negatively simultaneously. Meanwhile, this is a late bias-up environment. The 2096.50 bias-up signal was still being overlapped within 3 minutes of the 10:15 bias timing window. Triggering late makes the 2101.75 bias-up target more of a guideline than a requirement. So long as pullbacks hold any test of 2097.00 as support, the trend remains up. Otherwise, we''ll soon be discussing the potential for a pivot reversal session. A daily summary of high-profile members of several complexes... View a more detailed discussion of each chart at the end of today''s Market Wrap. Eurodollar Sep Contract (EC, ETF: (FXE, UUP)) Gold Aug Contract (GC, ETF: (GLD)) Silver Sep Contract (SI, ETF: (SLV)) 30-year Treasury Sep Contract (US, ETF: (TLT)) Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short)) Natural Gas Aug Contract (NG, ETF: (UNG, UNL))Market Pre-Open Strategy - 7:43 AM
Edit
o Win XP-Friendly entry
o non-xp friendly (ilinc)
(pre-open Market Tour begins at 8:55 ET)
Monday''s gap up to 2084.75 was well above the morning''s bias-up target, and it still extended 6-1/2 points higher. A pullback into the noon hour''s 2086.00 low wasn''t recovered enough to trigger the afternoon''s bias-up signal. But when the environment began lapsing, having avoided multiple opportunities to reverse momentum down, the balance of the session trended up to 2094.75.
Relatively narrow ranging did manage to touch a fresh high at 2095.25 before dipping down to 2091.50 into Europe''s opens.. Price has since firmed back to yesterday''s 2094.75 high.
Yesterday''s surge recovered relevant levels too late to reflect the rally gaining traction. Extending higher overnight would have given the rally credibility. Trending up above relevant levels through the open could still reflect strong-handed buyers being attracted. Having hovered optimistically throughout the night, extending higher would be more credible if appearing much sooner, rather than later. And until extending higher, the pattern meanwhile is vulnerable to at least a corrective dip with potential down to 2077.00.
Exiting the open at 9:45 under 2086.50 would be likely also to trigger the 2089.00 bias-down signal at 10:15. Exiting the open above 2099.25 would be likely to trigger the 2096.50 bias-up signal.
Stock Market Opening Update - 10:34 AM
Edit
Tonight's Day Trading Strategy - 12:02 PM
Edit
2102.50
...would target 2115.00
2108.00
Bias-down: under 2102.25
2095.25
...would target 2096.50
2089.25
Signal status: NO-BIAS FAQ INTRO VIDEOS #1 and #2 1. At 1:20, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target.
2. Not triggering either bias signal at 1:20 would be "no-bias," and the bias signals should define the bias environment''s range.
-- A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias.
3. Touching the bias signal within 3 minutes either way of 1:20 would invoke a grace period through 1:30 to trigger a late signal.
-- "Late" signals don''t require testing the opposite bias signal, but it''s still likely.
4. Still testing the bias signal at 1:30 after invoking the grace period would trigger "noN-bias," with no bias influence.
Daily Spot - 2:34 PM
Edit
Monday''s test of 1.1000 support was probed slightly overnight before bouncing into Tuesday''s gap up. Filling the gap back down to 1.0935 remains in-play, so the bounce quickly peaked upon attacking 1.1100 and reversed back down to 1.1000 support.
Having recovered only to 1158.50 Monday but no higher, Tuesday''s narrowly ranging inside day reinstates the potential for trending through 1158.50 and 1163.00 to signal a new rally leg..
Monday''s low was pierced overnight but Tuesday''s intraday range was otherwise an inside day. Its downward bias would make a surge through 15.45 credible to gain traction.
Narrow ranging Tuesday around Monday''s close didn''t qualify as the fresh low, which is still needed at 148-08 or lower, before a buy signal would be credible any lower than 150-24.
An overnight dip in reaction to the Iran treaty''s announcement was recovered back to 52.00 support before Tuesday''s open. But that still wasn''t reversed up to even attack the 54.30 buy signal, making fresh lows targeting 48.00 increasingly possible.
Probing higher overnight tested 2.93 at Tuesday''s open before reversing down intraday to test 2.83 as support. The pattern shouldn''t require any further backing-and-filling before extending to probe above 3.00.
Tomorrow's Day Trading Plan - 4:32 PM
Edit
2108.50
...would target 2120.50
2113.50
Bias-down: under 2106.25
2099.25
...would target 2100.00
2092.75
Signal status: NO-BIAS FAQ INTRO VIDEOS #1 and #2 1. At 10:15, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target.
2. Not triggering either bias signal at 10:15 would be "no-bias," and the bias signals should define the bias environment''s range.
-- A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias.
3. Touching the bias signal within 3 minutes either way of 10:15 would invoke a grace period through 10:30 to trigger a late signal.
-- "Late" signals don''t require testing the opposite bias signal, but it''s still likely.
4. Still testing the bias signal at 10:30 after invoking the grace period would trigger "noN-bias," with no bias influence.