Tuesday, March 17, 2015

Tuesday uncertain

The Hoot 
Actionable ideas for the busy trader delivered daily right up front
  • Tuesday uncertain....
  • ES pivot 2099.33.  Holding above is bullish.
  • Rest of week bias uncertain technically.
  • Monthly outlook: bias higher.
  • Single stock trader: VZ - no analysis.

Looks like my conditional call trick worked again.  ED broke away from its pivot around 4:35 AM and never looked back, and so the market closed higher.  Tonight though, the Night Owl has come down with a cold and a sore throat.  One of my main rules is never to commit TWI (Trading While Ill) so we're just going to update the stats, call it a night and get some rest   We'll see how things look tomorrow.

The technicals

ES daily pivot: Tonight the ES daily pivot rises from 2052.83 to 2067.58. We remain above the new pivot so this indicator remains bullish.


Month    right  wrong  no call  conditional  batting   Dow
                                             average  points
January    8      6       4           1       0.563    627
February   6      4       5           3       0.692    183
March      3      4       1           3       0.600    471

     And the winner is...

Taking a break.  With the Fed announcement Wednesday, I'd probably call the next two days uncertain anyway.

Single Stock Trader

On hold tonight.

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