About this blog:

CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026






Saturday, August 4, 2012

Tracking a couple of counts - looking for clarity.

I'm currently tracking a few daily counts. A couple are bearish, a couple bullish. During times like this I sit on my hands so as not to make a terrible trade since capital preservation is my number one goal. The Daily ADX gave a buy signal back around 1290 on the SP-500. Every signal has been met with an opposite signal in the past. So there's no point being overly bearish here. I must wait for a conclusion and establish a trading plan.

Daily ADX Bull/Sell Setup Chart


My Swing Trade Trend Indicator is still on bullish buy


Will post as soon as I take on a new swing trade.

Peace.

13 comments:

  1. Replies
    1. Sometimes the trendline on the lower indicator of the Swing trend indicator will give you a perfect short or long entry point. As you can see, that trendline is coming up within a couple of days. In an extended bull or bear trend it doesn't work very well and you have to rely on the red or green horizontal line breaks.

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  2. Geno, this is drockny. I didnt know you had a site...good stuff.

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    1. So you are currently long this market? There are many knuckle heads in these blogs. I have noted you are one of the better posters. Glad you have site. Keep the scum out.

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    2. In my swing account (medium term trading account where I generally use 2x or 3x ETF's) I'm still long. In my short term trading account I closed SPY puts on Thursday, but missed the move up yesterday. I am currently flat in that account.

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  3. geno.....u would get alot more traffic if the worldpress login or openid would work ....geeeeesh

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  4. notice how everyone is annonymos????

    thats because nobody can login on ur blog

    fix it if u want folks to participate

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  7. Geno,

    Any updated thoughts on gold? Thanks for resurrecting the blog.

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  8. Will always stop by to check out your work. Thanks Geno for your hospitality.

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