Odds Czar: Simple Biases In the Futures Market: 2008

Art's futures biases for April 29.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
 

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A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.

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For Wednesday, the CzarCharts are betting on negative Fed news for the bond complex.
 

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Art's futures biases for May 1.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.

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The CzarCharts are in opinionated mode across all complexes for Thursday. Specifically, they are strongly urging buys in the indices and sells everywhere else. Note the unanimous (-6) bear readings in all the bonds and the yen in the first either-or box.
 

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Art's futures biases for May 2.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.

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Take note that as of tomorrow, we will be in the bearish half of the month-of-year index cycle. There is no definitive signal for tomorrow, but it will be interesting to see how the cycle holds up in these bear market times.
The bond and currency complex, on the other hand, continue to flash solid sell signals.
 

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Art's futures biases for May 5.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.

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The indices are displaying solid buy signals for Monday, particularly the Russell. A lesser bullish flash is occurring across the currency complex.
 

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Art's futures biases for May 5.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.

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The indices still project higher for Tuesday, particularly the Russell.
 

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Art's futures biases for May 7.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.

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The day-of-month indicator has now joined the bearish month-of-year signal in the indices. Expect a down move on Wednesday despite the lone dissenting vote in the either-or Russell box.
Note also the extreme bearish reading in the euro, which is not contradicted by the neutral yen and Swiss franc.
 

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Art's futures biases for May 7.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.

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According to the CzarCharts, we should see down moves in both the bond and currency complex on Thursday.
 

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Art's futures biases for May 9.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
 

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Art's futures biases for May 12.

A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.

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For Monday, look for downward action in the continental currencies, particularly the euro.
 

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