Outlook for Thursday

(4/2/14)

With all of the rhetoric about how April is the best performing month for the market it would be fitting for the market to exhibit weakness after this week is done.  The S&P Futures are developing a rare bearish Butterfly pattern in the near term. 

The length of XA was 57 points so if the CD leg is 1.27 of XA that yields 1896 which is roughly 10 points above today's intra day high of 1886. 

 

Thursday's Buy Signals

 

Primary Secondary RSI Williams Fisher TRIN Volatility Money Money Put to VWAP Advance Signal
RSI Long RSI
Long
Max/Min %R Transform S&P 500 Bands Flow Flow/
TRIN
Call Ratio   Decline Strength
Signal Signal  Signal Signal  Signal Signal  Signal Signal  Signal Signal Signal Ratio  
No No No No No No No No No No No No

When 6 or more Signals are generated that is a Strong Buy Signal
When 3 to 5 Signals are generated that is a Moderate Buy Signal
When only 1 or 2 Signals are generated that is a Weak Buy Signal

 
Thursday's Sell Signals
 
Advance Fisher ROC RSI VWAP Volatility Volatility TRIN Signal
Decline  Transform VWAP Max Percent Index Bands S&P 500 Strength
Ratio Signal Signal  Signal Signal Signal  Signal Signal   
No No No No No No No No  

When 5 or more Signals are generated that is a Strong Sell Signal
When 3 to 4 Signals are generated that is a Moderate Sell Signal
When only 1 or 2 Signals are generated that is a Weak Sell Signal

 

When a Buy or Short Signal is triggered numbers will be entered into the table below.
ETF Thursday's Buy/Short Signal Entry Initial Stop Trailing Stop 1st Target 2nd Target 3rd 
Target
Signals Date Price Price Price Price Price Price
SPY

  

 

 

 

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