Thursday, June 27, 2013

June 27

getting to end of month.


payroll data strong --

/es  blows thru 1600 to 1606  -- at 8:40

IBD names strong.

market may be in a range...   correction talk is premature.


but we're looking for 5 min TL formations then breaks - based on market signals.

/es break this morn. was at 7:30 am -- gotta be up and ready.

/tf -- hit yesterday high TO THE TICK and backs off...    knowing sup/res. can help you nail it.

/tf - breaks ystdy high...


market blazing hot at the open again.

tsla, fslr, scty , gmcr, wdc strong.

10:01 -- adv-dec --  TL break?????  top    1611.50??????

market stalls after 972 --

rules:   1 hour 3 touch pattern min.  for short --

market signals   adv-dec.  dropping , uvol solid

needs time or else more upside.

ad  1315

need to see some serious divergence to take a short here -- one way trade indeed.

/tf  much strong than  /es   /ym -- so you have to respect and follow the signals -- new highs

974  at noon...

975 was target mentioned premarket.

noon:   tf   - clear 5 min TL --   testing it now.  

ad 1267 --


11:55  top?

need 50 min. to confirm.

did not wait for 50 min TL -- therefore -- off plan trades = losers.

975 target hit.

975.7 was 61.8% fib from 999 to 938 -- missed by TWO TICKS

1:58 - TF  cracks  TL -- here --

gold plummets to 1200...

2;09 - TL broken -- 5 min candles printing below --   still waiting for 1 hour at least for dTL to form.

TF - triple touch but it's only been 40 min.  

Market signals are VERY strong.

UD - nhod.  so can't short it.

tf - breaks TL upside.... push.

figured.

long the TL break....   never too high to buy.

adv:  1376

UDrl: nhod

61.8% fib --    value

/tf Trend up day with Fib Retracement levels in play


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