This video is for Silver members and gives a look at what the SPY Detector is telling us about the strength of the current trend and a look at the TEA radar for some long opportunities in individual stocks. Member 2014-7-22 from afalde on Vimeo.
Here is the Member’s SPY Detector Update
Here is another “top down” look at which indices, sectors, and stocks are setting up for entries. There are very few sectors prime for entry since the broad market was up today, but there are still a few worth looking at.
This post has been placed in the new forum. Read it now: “I Love it When a Plan Comes Together” In this post, I show how risky it is to not have a plan for proactively defending trends on the downside and upside. There are some cool pictures and charts. Check it out and feel free…
There is no excerpt because this is a protected post.
We are in blue sky territory on SPY/SPX and the TEA indicator is bright green (stage 2 mark up in a bullish trend). A soft pull back didn’t effect the signal on the daily or weekly time frame, but the hourly is in a bullish yellow condition (stage 3 distribution). The interesting thing is that…
There are very few short set ups in the market these days. My objective is to continue to take long set ups (buying hourly consolidations and pullbacks on higher volatility stocks with daily and weekly bullish trends). The downside is covered in part by my SPX ratio spread that is net short Delta and has peak profit…
Members’s only screen shot of SPY Detector Chart
FEYE was a nice trade that demonstrates how the TEA indicator helps us exit when the trend fades. FCX shows us how we can hold winners.
Here are the long awaited instructions for setting up the TEA indicator in TOS.