Tag Archive for: S&P futures
Factor Update, June 8, 2024
/by Peter BrandtThoughts on a Weekend Afternoon, February 5/6, 2022
/by Peter BrandtThoughts on a Sunday Afternoon, May 9, 2021
/by Peter BrandtEquities Show Promise
/by Peter Brandt(This is an excerpt from the past weekend premium member report published last Friday morning the 6th)
Global Equity Markets
The S&P cumulative A/D line has posted a new high. The major indexes (DJIA, S&P 500 and NASDAQ) should be next to post ATHs.
S&P 500 (CME)
I bought the completion of a rectangle on Thursday – and did so with hesitation knowing how frustrated I have been buying strength (over and over and over again) during 2019. The possible inverted H&S pattern has an up-slanted neckline.
China A50 (SGX)
The monthly chart exhibits a possible 4-year ascending triangle. The daily chart is attempting to complete a continuation symmetrical triangle. Factor is long – note the small 2-week pennant on the daily graph (boxed). I have an interest in pyramiding this trade. A close above 13995 is needed to confirm the daily chart triangle.
DAX (Eurex)
The advance on Aug 30 completed a small, but well-defined, inverted H&S bottom. Factor is long. The Sep 3 low is my pivot for protection. I will look to jam stops if the market approaches the 12462 target.
DJIA (CBOT)
I view the weekly chart as a 17-month inverted H&S with a premature breakout in Jul.
TSM (NYSE)
Two weekly charts are shown to display the massive 17-month inverted continuation H&S pattern. The total- return chart is on the right. The prices on this chart include previous dividend payments. The chart on the left is ex-dividend (prices have been reduced by previous dividends). Factor is flat. I will buy a breakout.
Factor Membership
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U.S. Stocks Ignoring Logic
/by Peter BrandtU.S. Stocks Ignoring Logic
U.S. stocks remain in strong underlying bull trends. The dominant pattern in the NASDAQ is a completed 18-month H&S failure pattern with a target of 5413. Read MoreBNCL and general stock market strength
/by Peter BrandtRecent Posts:
- ChartWizardsNFT Sample Report – September 2024September 22, 2024 - 10:22 pm
- So you want to be a full time trader? Good luck with that one!August 17, 2024 - 6:47 am
- A follow-up regarding my attack on the “we-fund-you” prop industryAugust 13, 2024 - 9:02 pm
- Looking for success in all the wrong places. This is the description of 95% of those wanting to be full-time traders.August 6, 2024 - 11:29 am