Actionable ideas for the busy trader delivered daily right up front
- Thursday uncertain.
- ES pivot 2016.75. Holding below is bearish.
- Friday bias uncertain technically.
- Monthly outlook: bias higher.
- Single stock trader: VZ still not a swing trade buy.
Well it looks like it's time for another Night Owl Lite. I kind of ran out of time on Wednesday to write the post, though I did do the research. So let's just cut to the chase with the results below.
The technicals
...skipping the chart commentary tonight ...
Accuracy:
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 10 2 3 2 0.857 2314
September 7 4 8 1 0.667 1404
October 4 5 3 1 0.500 406
And the winner is...
Tonight I'm stumped. The charts look mildly bearish but the futures are climbing non-trivially in the overnight. And the VIX which I count on a lot stopped right on its 200 day MA Wednesday. And the market is behaving oddly the past few days anyway so I'm just going to call Thursday uncertain and leave it at that.
Single Stock Trader
Looking bearish.
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