Art's futures biases for Sep 18.
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.
____________________________________________
Sometimes it doesn't come out the way you might be hoping.
This is the perfect time of year for a stock market retreat. For days, I've been getting persistent sell signals. I was able to take small profits off the gap-higher opens, and I'd be the first to root for that being the mere start of something big.
Unfortunately, Monday's signals aren't complying. We're pretty much neutral across the index board, which maybe is saying that the miniscule down pressure we saw on Friday was about all we're going to get for now.
So I won't be shorting the indexes on Monday. Naturally, that does not mean that Monday will not turn out to be the sizeable down-move a lot of us have been looking for. (Almost everyone who has been talking to me is bearish, and maybe that's the whole problem in a nutshell).
What it does mean is that I don't have any justification for taking such a flyer. There is actually a better bias across the bond complex, and it's pointing upward. On Monday, I'll therefore be looking to enter the long side of the 10-year notes.
