Outlook for Friday

(10/2/14)

At one point this morning the S&P 500 was down over 20 points which was all reversed in the afternoon.  The bearish count from the 2020 peak is that we are seeing a 5 Wave move down as we wait for completion of Wave 3 of 5.  This would then be followed by Waves 4 and 5.  

  

Friday'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

 
Friday'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 Friday'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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