• 699 days Will The ECB Continue To Hike Rates?
  • 700 days Forbes: Aramco Remains Largest Company In The Middle East
  • 701 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,101 days Could Crypto Overtake Traditional Investment?
  • 1,106 days Americans Still Quitting Jobs At Record Pace
  • 1,108 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,111 days Is The Dollar Too Strong?
  • 1,111 days Big Tech Disappoints Investors on Earnings Calls
  • 1,112 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,114 days China Is Quietly Trying To Distance Itself From Russia
  • 1,114 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,118 days Crypto Investors Won Big In 2021
  • 1,118 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,119 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,121 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,122 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,125 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,126 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,126 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,128 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  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