With different chart today, we will be back with regularly scheduled trading analysis on Thursday, Dec 27. OK, what about the markets?!
Ultimately we only care about certain movements in the markets, and that is precisely what we have seen lately, albeit to the downside which is also just fine.
The S&P500 index entered bear market territory on Monday (Dec 24) with a very worst Christmas Eve trading session of all time, that is percentage-wise, while DJI hangs by just a thread.
Our Trade Selector Signal (TSS) system 'Price-Action-Time-Visibility' have been bearish since the beginning of October, so this is another excellent time to celebrate its prescience and its ability to make you profits and a better life.
We know many TSS followers who have been sweeping up nicely for their own Christmas cheer! Congratulations.
The strange thing is that everywhere we look, we see commentators looking into their crystal balls, trying to predict what happens next, changing their minds every day, and getting it wrong every time!
We are sure you can now appreciate that making predictions based on what should happen is a fool's errand, probably designed more for entertainment purposes than to be useful to you.
Only recently we read a commentator saying the market tumbled "too far" and yet it has plunged more since he published the article!
We never try to predict the market - we follow its precise direction when it is conforming to the TSS signal. If there is no obvious trade, do not trade! Only trade when it is evident according to TSS chart analysis!
For some time this market has been bearish; however, you have seen it in our charts, you have also seen it in 'Market Commentary' as well.
All you have to do is trade visible TSS signals and control your risk according to my entry and exit rules.
Tomorrow (Dec 25) it is Christmas Day, which will be fun! And then we are into the market pre-earnings phase for several weeks, which will turn into the market post-earnings phase from mid-January.
So, lots to look forward to even if you decide to be cautious before earnings. In the meantime, have a fantastic Christmas season with abundant joy, happiness in your life and prosperous New Year! And we will see you all soon.
Trading Signals On Demand And What Should You Know!The TradingSig signals on demand of the Trade Selector Signal (TSS) system are based on functions such as measuring the rate and speed of price change, volatility, momentum, and harmonics. Then filter the noise and provide a forecast...