Recent content by Dave at NextDay

Encouraging in that it at least ends the day above the low target level, but still a sad statement for the day.

My hi/low targets aren't worth a hellovalot in this environment. My strength number has ranged only to the +40% level on the high side and has hit into the -90% at that 10:30 ET dive; still too indecisive. I notice that most of the range since that time has been trading squarely around the low...

I actually came out of that pretty unscathed yesterday; actually had the bottom three prices nailed before this ridiculous debacle. They'd better get this crap straightened out. For whatever it's worth, today's high/low range is 1114.04/1145. There are no mid range prices; everything gets...

If the stats are in your favor, taking a hit now and again is worth it. My "buy the close if low extreme is exceeded" did work today, but not by much. It was in the money three times today, but barely, only by a couple points. I'm using the 4 pm ET close; if the futures 4:15 close is at or...

Strength pic attached.

Attached is pic of today's action in relation to targets. Internals are still decent; I'll attach the strength pic in a second post below.

Internals based on opens actually not so bad; I've actually seen my numbers go slightly positive already at the open. Unfortunately, fear is the dominant factor at the moment. My strength number based on closes has only hit -40% which is normal, and the low based on opens has been only -15%...

It was worth a try; I took a long after the close hoping for some upside action but stopped out at breakeven. Right now the low of 1159.25 is/was very close to the cash low target of 1159.97. A 10% retrace for the whole bull move is 1164.45 cash and 38% from the Feb low is 1152.79.

I hate having to be on the long side when the market starts getting into retracement mode. I know for most it doesn't make sense, but I've just always had this posture that I only take the side of the major trend. That's not to say that I haven't made exceptions from time to time. Thankfully...

I hope you're short.

Nothing new to report here...just flat out ugly.

Not being a day trader, I'm standing aside for the day. My internals are negative based both on yesterday's close and today's open. That, at first blush, should seem to be obvious, but I have just as many days when the internals based on opens is very decent and I'm able to bottom pick...

The lowest two target numbers, cash SP 1195.16 & 1189.11 are relevant for the morning. Futures are currently trading at the lowest cash level equivalent, 1186. I cashed out yesterday, but stuck my toe in the water just a bit, trying to play my bottom number equivalent. Higher risk/higher...

Attached is pic of Friday price targets:

Here's the JPM.