• 260 days Will The ECB Continue To Hike Rates?
  • 261 days Forbes: Aramco Remains Largest Company In The Middle East
  • 262 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 662 days Could Crypto Overtake Traditional Investment?
  • 667 days Americans Still Quitting Jobs At Record Pace
  • 669 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 672 days Is The Dollar Too Strong?
  • 672 days Big Tech Disappoints Investors on Earnings Calls
  • 673 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 675 days China Is Quietly Trying To Distance Itself From Russia
  • 675 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 679 days Crypto Investors Won Big In 2021
  • 679 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 680 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 682 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 683 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 686 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 687 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 687 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 689 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Weekly Update - We Remain Long

The market is stuck between a support and a resistance (green and pink lines).

After a successful test of the pink horizontal support, the market bounced back and was able to print a higher low. This situation is short term positive (until we don't print a new low).

Sigma Whole Market Index Chart

The Sigma Trend Index(STI) remains in negative territory, telling us current trend remains to the downside.

Sigma Trend Index table

Some of our stop levels have been modified by the model. Here are the updated levels:

SPX Table

NDX Table

CAC Table

DAX Table

Trading Book:
- SPX: 1 long at 1624.62 (stop @ 1593, 3pts below the model to take into account bid/ask spread)
- NDX: 1 long at 2951.63 (stop @ 2869, 5pts below the model to take into account bid/ask spread)
- CAC: 1 long at 3823.10 (stop @ 3727, 5pts below the model to take into account bid/ask spread)
- DAX: 1 long at 8145.34 (stop @ 7837, 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