Monday, August 8, 2016

Tuesday stock market forecast

The Hoot 
Actionable ideas for the busy trader delivered daily right up front
  • Tuesday no call.
  • ES pivot 2171.50.  Holding above is bullish..
  • Rest of week bias uncertain technically.
  • Monthly outlook: bias lower.
  • YM futures trader: short at 17,670.
Recap

Right now we're on a two-week Olympic hiatus, so this post is simply to update the scorebox to reflect last Friday's results.  We'll be back after the Olympics.  From Monday's market action, doesn't look like we've missed much so far.

And hey Brazil, you think you did the first powered flight?    Boo wah hah hah hah, that's a hot one.  If there was any doubt that Zika affects the brain, there goes your proof.
 
Image result for olympics brazil crime
Giant toilet spotted in downtown Rio!

Accuracy: 

Month    right  wrong  no call  conditional  batting   Dow
                                             average  points
January    9      5       5           0       0.643    1433
February   9      3       5           3       0.800    1133
March      8      6       6           1       0.600     222
April      6      4       8           2       0.667     416

May        9      3       4           4       0.813     756
June       8      5       7           1       0.643    1393
July       5      6       6           2       0.539    -304
August     1      3       1           0       0.000     120




YM Futures Trader

No trade tonight.