Market Snapshot

Wednesday, January 02, 2008

Market Outlook RUT for Jan 2nd '08

Dominant TF: 60mins & Daily
Swings: DN-DN-DN
Cycles: opposite cycles
Market Direction: probably lower

If not currently in the market, it would be cautious to stay a little longer on the sideline.

Regular daily snapshots will resume tomorrow

Market Outlook SPY for Jan 2nd '08

Dominant TF: 60mins & Daily
Swings: DN-UP-DN
Cycles: opposite cycles
Market Direction: probably lower but difficult to determine

If not currently in the market, it would be cautious to stay a little longer on the sideline.

Regular daily snapshots will resume tomorrow

Market Outlook NDX for Jan 2nd '08

Dominant TF: 60mins & also Daily
Swings: DN-DN-UP
Cycles: long cycle turning down - low to average significance level
Market Direction: upper half of trading range [2000 - 2125 ] congestion possible but lower bias is likely at first

Happy New Year to all!!
I'm sure you haven't missed my snapshots over the festive season, as the market was quite easy to read. We have seen mostly red bars on the dominant 60mins time frame, until NDX reached Fib PR1. Now what's next? We have closed 2007 on a soft landing on a predictable level, but new energy is needed now to determine a direction.

Regular daily snapshots will resume tomorrow

Saturday, December 29, 2007

Market Outlook RUT for Dec 31st '07

Market Outlook SPY for Dec 31st '07

Market Outlook NDX for Dec 31st '07

Tuesday, December 25, 2007

Market Outlook RUT for Dec 26th '07

Pause around current level at first, but definite upward bias.

Market Outlook SPY for Dec 26th '07

Pause between current level and 150.
Overall situation unchanged: if 150 holds, interesting pattern to develop over the next week, leading to possible breakout situation.

Market Outlook NDX for Dec 26th '07

NDX should pause somewhere around current level (could maybe go a little higher and hit 2140).
Overall situation is largely unchanged: trading range with upper bias.

Saturday, December 22, 2007

Market Outlook RUT for Dec 24th '07

Similar situation as for SPY.
Short term recovery pattern may be close to completed.

Market Outlook SPY for Dec 24th '07

May retrace up to PR2, maybe crawl to 150.
Daily time frame scenario: same trading range.
If recovery is stopped around 149.50 to 150, we will watch for an interesting pattern with higher lows and lower highs.

Market Outlook NDX for Dec 24th '07

Interesting witching day, interesting friday...

Short term target 2125, but will probably not go much higher.
Trading range scenario is still there for daily time frame.

Welcome !

And enjoy your visit to this little "Market Snapshot" blog.

The market report blog has now moved to ForeTrade while this one will (time permitting) focus on actual chart commentaries on TF and ES eminis, as well as EURUSD to show how accurate and yet simple our proprietary method is. The reason for this change is that the Toolset itself is no longer for sale itself, simply because the sales effort and training/support activities were too time consuming. I now provide market analysis exclusively to fund managers until the technology is finally sold to a fund or financial institution. The blogs and Twitter will then be closed or turned private. Anyway, enjoy while it's there...

A closer look:
Behind these market snapshots lies an advanced TradeStation toolset including a set of C++ DLLs and API to access various advanced realtime calculations stored in the DLL to be used either within TS or with custom VC++ programs. While seemingly a little complex at first, the technique is actually relatively easy to grasp. In fact, since most humans can only memorize 3 to 5 (sometimes up to 7) pieces of information at any one time, and the technique being discretionary, it was essential to keep it as simple as possible.

What are those snapshots made of ?
In a nutshell, all reports are based on a minimum of 1 symbol in 3 Time Frames: 60mins, daily and weekly, themselves using more or less the same indicator set: self-adaptive swing indicator, MTFS (formerly AdStoK) and self-adaptive Entropy and a few visual aids (swing direction, support/resistance levels and paintbars). "Self-adaptive" is the key word here. There is virtually no parameter to tune, and it can be used as is, for virtually any market symbol. Each chart provides a visibility 3 to 5 bars ahead, so actual trading should obviously be complemented by a sound money management technique.

A common question : Why isn't there a user documentation then? Hmmm... Who ever reads manuals...? Well, I might provide one eventually but at the same time I might not... The reason is that it is more important to absorb the method over a period of time and make it one's own, i.e. then adapt it to one's own trading profile.
For the keen developer, a detailed API documentation for this set of advanced TradeStation Analysis Techniques will be released shortly.
For the time being a separate technical blog has been launched for those of you interested in learning a little more about what's under the bonnet.
For more info: voisin DOT bruno AT gmail DOT com

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