Odds Czar: Simple Biases In the Futures Market: 2008

[Art Collins]

Art's futures biases for Nov 4.

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 stock futures put in their first relatively normal performance in eight weeks on Monday. The S&P range was a not-shabby but not-over-the-top-crazy 17 points. Perhaps we're starting to move out of crisis mode finally, or maybe it's just being postponed through the election. In any event I'm going to feel fairly safe trading the index futures from the short side on Tuesday off some solidly bearish CzarChart readings.

 

[Art Collins]

Art's futures biases for Nov 4.

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, expect down moves in both the bond complex and continental currencies.

 

[Art Collins]

Art's futures biases for Nov 6.

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.

 

[Art Collins]

Art's futures biases for Nov 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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For Friday, the CzarCharts are flashing solid buy signals in the indices, particularly the S&P.

 

[Susannah]

Art, I've heard a few people say Fridays are normally bearish for the stock markets. I guess this is just a myth, according to your analyses?

 

[Art Collins]

Susannah wrote
Art, I've heard a few people say Fridays are normally bearish for the stock markets. I guess this is just a myth, according to your analyses?
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it was true at one time. not lately. my guess is that the proliferation of funds neutralized the fear individual investors would have about staying long over a weekend.

 

[Art Collins]

Art's futures biases for Nov 10.

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, expect continued upside action in the indices. The CzarCharts are also bullish in the bond complex.

 

[Art Collins]

Art's futures biases for Nov 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.

 

[Art Collins]

Art's futures biases for Nov 13.

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 Thursday, the CzarCharts stubbornly remain in buy mode for the indices.

 

[Art Collins]

Art's futures biases for Nov 13.

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 have flipped to bearishness according to the CzarCharts for Friday.