Tuesday uncertain

The Hoot 
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• 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.

Recap

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.

Accuracy: 

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.