Actionable ideas for the busy trader delivered daily right up front
- Monday uncertain, bias higher.
- ES pivot 1394.33. Holding below is bearish.
- Rest of week bias uncertain technically.
- Monthly outlook: bias uncertain.
- ES Fantasy Trader closed.
|Fiscal cliff diving|
And in this continuing political soap opera, that's all you need to know about Monday. There's just no way to meaningfully trade that type of market. The technicals (although they're now looking primed for a bounce) are totally irrelevant at this point. So once again, we skip the chart-by-chart analysis as a pointless exercise in futility. Once we get past all this nonsense, maybe we can get back to work. In the meantime, Happy New Year! I'm done trading, the ES Fantasy Trader is closed, and we'll be popping the champagne corks Monday night. Cheers!
Accuracy (daily calls):
October 8 5 8 0 .615 208
November 7 5 5 0 .583 135
December 6 3 4 5 .786 496
ES Fantasy Trader
Portfolio stats: the account ends the year at $193,500 after 74 trades (58 wins, 16 losses) starting from $100,000 on 1/1/12. We'll start over again with $100,000 on the first of the new year.