• 721 days Will The ECB Continue To Hike Rates?
  • 722 days Forbes: Aramco Remains Largest Company In The Middle East
  • 723 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,123 days Could Crypto Overtake Traditional Investment?
  • 1,128 days Americans Still Quitting Jobs At Record Pace
  • 1,130 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,133 days Is The Dollar Too Strong?
  • 1,133 days Big Tech Disappoints Investors on Earnings Calls
  • 1,134 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,136 days China Is Quietly Trying To Distance Itself From Russia
  • 1,136 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,140 days Crypto Investors Won Big In 2021
  • 1,140 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,141 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,143 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,144 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,147 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,148 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,148 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,150 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

Daily: Swing At '4', New Buy Signal

The market did an impressive U turn during Thursday's session: after declining by roughly 1%, the market reversed and closed at the high of the day (at +0.9%).

The swing moved at '4' and generated a 'buy' signal (because the Trend Level was at '1' on Wednesday).

Sigma Table

Here are the new stop levels generated by the ST model:

SPX Table

NDX Table

CAC Table

DAX Table

Trading Book:
We closed our short position on both the CAC40 and the NDX just before US close:
- CAC40 closed at 3829.67 (gains 187.31pts)
- NDX closed at 2951.63 (gains 70.41pts)

According to our model, we opened long position:
- SPX: 1 long at 1624.62 (stop @ 1579, 3pts below the model to take into account bid/ask spread)
- NDX: 1 long at 2951.63 (stop @ 2856, 5pts below the model to take into account bid/ask spread)
- CAC: 1 long at 3829.67 (stop @ 3733, 5pts below the model to take into account bid/ask spread)
- DAX: 1 long at 8145.34 (stop @ 7926.5, 10pts below the model to take into account bid/ask spread)

 


For those of you interested in our analysis, you can visit our internet site: we post all our trades in real time. You can also subscribe to our twitter account (@SigmaTradingOsc), it is free and you are updated on our latest view/trades.

 

Back to homepage

Leave a comment

Leave a comment