Thursday, July 2, 2015

Thursday

The Hoot 
Actionable ideas for the busy trader delivered daily right up front
  • Thursday vacation day.
  • ES pivot 2067.67.  Holding above is bullish.
  • Next week bias uncertain  technically.
  • Monthly outlook: bias lower.
  • Single stock trader: VZ now a swing trade buy.
Recap

With the Greeks off the front page for a change, the technicals asserted themselves on Wednesday and up we went as expected.  I'm finally taking Thursday off so no calls tonight.  Here's wishing a happy Fourth of July to all.

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      7      6       5           4       0.647    976 April      3      8       7           0       0.273      1 May        6      5       5           2       0.615    581 June       8      6       3           4       0.706    552
July       1      0       0           0       1.000    138

     And the winner is...

On vacation.  I'm not expecting much action of any consequence on Thursdayand it seems like a good excuse to get a jump on the long weekend.  That's all she wrote.  See you again Sunday night as we gear up for the next exciting episode of All My Drachmas.

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