We got into health care long trades on March 4th and March 17th in our seasonality trader portfolio. These trades went up and then down in April and then came up again. The exit window opened up in June and on the first trading day of July we exited couple of these trades. The price action on July 7th has signaled…
Yesterday we had trade alert for the first day of the July, which shows bullish propensity. This year was no exception and the trades that we initiated on close of June 30th were closed with profit on July 1st. DDM, ProShares Ultra Dow 30 gained +1.6% SSO, ProShares Ultra S&P 500, returned +1.3% QLD, ProShares…
We put our Health Care trades in early March (here and here). The exit window for these trades opened in June and we have been following the chart action since to look for a favorably exit. The close on July 1st provided such an exit for two of our trades. We held these trades for 83 calendar days. Close…
The end of second quarter and start of third quarter give a couple of good trading opportunities for our ‘Seasonal Trader portfolio. The first day of July has a bullish tendency and so far, mid-day on July 1st, it is progressing as expected. The second trading day of July, on the other hand, has bearish tendency.…
This year the bear trade on Monday Before June Expiration Friday in our Almanac Trader portfolio did not work. As we prepare to take a long position for the first trading day in July, we will exit this trade. For reporting purposes, we use the closing price on June 30th. This year the long ProShares UltraShort…
The last day of 2nd quarter for the US markets has been bearish. Stock Traders Almanac gives Dow a 68% chance of being down. Since 2000, Dow has been down 57% of times. However, the average return is not much. We also think that the last day of the 2nd quarter is not a trade-able event. In…
In late May we had outlined our sugar trading strategy in the summer. We entered the trade in June 4th. This year our trade has done quite well. The exit window for the trade has opened up. Today’s price action convinces us to exit the trade. For reporting purposes we will use June 27th closing…
This year’s post-Quad witching in June trades in our Almanac Trader portfolio scored another home run. The market has been defying expectations and keep on going up. Still, they dipped briefly for our post-expiration trades to close at profit. Till yesterday morning, eight of nine ETF trades that we execute for this strategy had exited. The last remaining…
Early in June we had entered long trades in our long British Pound in June strategy. Now comes another opportunity to enter this trade. We usually follow four entry strategies.On close of June 11th, we had issued three trade alerts. The fourth one will trigger at the close of June 27th. We will hold this trade till mid-July. We will send…
In our Witches’ Brew in June, we noted that the Monday after quad-witching day in June has a bearish tone. Specifically, we found that since 1990, Dow declined 71% of times on Monday after June expiration, S&P 500 58% of times, NASDAQ 67% of times and Russell 2000 71% of times. The 2014 was not much different. On Monday after quad-witching…
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