Wednesday, May 14, 2014

Market update

VST/ ST - Turned Bearish (not taking this signal)
IT - Bullish (bought SPX at 1889 on 05/12)
LT - Turned bullish but waiting for the week to close for confirmation
VLT - Bullish
Previous update here
I was stopped out of VST/ ST/ IT bearish positions on 05/09 at SPX 1880.
This market grind is chopping both bulls and bears for the last 1 month in all indices and commodities. A breakout has not yet been established in any form of the market.

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