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.
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.
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.