Friday, August 14, 2015


The Hoot 
Actionable ideas for the busy trader delivered daily right up front
  • Friday - no call.
  • ES pivot 2082.25.  Holding below is bearish.
  • Next week bias uncertain technically.
  • Monthly outlook: bias lower.
  • Single stock trader: VZ not a swing trade buy.

So after an entire day of trading the Dow finished Thursday up all of 5.74 points, after an equally slow Wednesday.  Plenty of intraday action but for swing trading, not so much.  And to top it all off, on Thursday that annoying thing called Real Life (TM) got in the way of the important stuff so I simply ran out of time and wasn't able to do my usual chart analyses.  Rather than winging it, I'm just going to call it another personal day.  So no charts tonight.  Hey, it happens sometimes.

The technicals

ES daily pivot: Tonight the ES daily pivot rises again from 2072.00 to 2082.25.  That puts ES back below its new pivot so this indicator turns bearish.


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      10      1       5           4       0.938   1212

August     6      1       0           2       0.889    509

     And the winner is...

Judging by the action recently, I don't think I'll be missing much on Friday.  We'll see what it brings but I may just take the day off.  Looks like the Dog Days of Summer are upon us.  So that's all she didn't even write.  See you again Sunday night!

Single Stock Trader

Looking toppy.  Definitely not a swing buy here.

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