Trading Ideas Inauguration Week…
Long-term study of S&P 500 cash index shows 18m RSI below30 for first time since 2003 bottom.
Modify long basket: re-weight sectors based on model runs on Sunday!!!
ERX, CRM, CAT & CME, ICE - swing pivot
UYG- Friday 8 count. Volume rising. Looking for climax low…
URE- 2nd volume spike around major low. Final bottom today? Could be…
ITB/XHB at Dec. lows. Pos. divergence in CMO/CMF and A.D./ADO
CTX, DHI
AAI- Continues to be aggressively accumulated. Confirmed bottom.
LCC- breakaway gap going back over $10 FAST.
AGU- could test of 30 w/ breakaway potential on Friday. S2
AKS- Along with other cmdty plays, completed S2.
ERX
BTU
BRCM- buyer 17
FAS- 8 count massive volume a/t low buyer $10-$12
BAC- PANIC volume. Capitulation
MTB- TD9d & TD10w
NYX- Gap closed massive vol.
SVB- unqualified new low major TDw count, massive tails, buyer $20-22
STI- TD9d w/ volume buy intraday reversal
MI- 8 count with panic
GROW asc.tri.
HBAN panic sell-off last week, should break lows like others, wait for count
The analysis from Jan. 5th is applicable to this coming week, referring to the pullback I would like to see, and to what levels, before I would start getting excited about buying US or global equities…
