Odds Czar: Simple Biases in the Futures Markets 2007

Art's futures biases for Mar 23.

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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Note that all three bond contracts have formed cap tops. That is adding to the across-the- board bear chorus of the either-or indicators. Expect further downside action on Friday.
 

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Art's futures biases for Mar 23.

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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We’ll probably see continued upward pressure in the indices largely on the strength of “as-Friday-goes, so-goes-Monday.” It happens that the other calendar and either-or-biases concur, although you do see some minor dissention in the second less-frequently-signaling box.

I actually think the buy signals in the other two complexes are better bets however. The yen is the standout, highlighted by a pretty symmetrical cap bottom.
 

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Quote from Art Collins:

Art's futures biases for Mar 23.

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.

______________________________________

We’ll probably see continued upward pressure in the indices largely on the strength of “as-Friday-goes, so-goes-Monday.” It happens that the other calendar and either-or-biases concur, although you do see some minor dissention in the second less-frequently-signaling box.

I actually think the buy signals in the other two complexes are better bets however. The yen is the standout, highlighted by a pretty symmetrical cap bottom.
More...
Art, I find in either-or-biases : S&P=3
NASD=2 and RUSS=4 . All the others Mkt are ok . Does I miss something?
Thank for your time.
 
Quote from Dak:

Art, I find in either-or-biases : S&P=3
NASD=2 and RUSS=4 . All the others Mkt are ok . Does I miss something?
Thank for your time.
More...
So do I. Art, is your spreadsheet not on automatic calculation mode ? Better check it out !
"Tools", "Options", "Calculation" tab...

set to AUTOMATIC !
 
re above two postings:

I'm getting the same numbers i posted in both the s&p and russell. I'm using show-me indicators in trade station, day bars (no globex).

nasdaq is now showing +2 however. Last line, majority open-close, should be +1, not -1.

one other thing--date should be Mar 26, not 23.
 
Art - you should be writing to Excel from Tradestation to insure integrity of the SUM of the "scores".
Need help doing that ? Give me a ring !
 
Quote from Art Collins:

re above two postings:

I'm getting the same numbers i posted in both the s&p and russell. I'm using show-me indicators in trade station, day bars (no globex).

nasdaq is now showing +2 however. Last line, majority open-close, should be +1, not -1.

one other thing--date should be Mar 26, not 23.
More...
So it's a TS computing... As a old member of the "Omega List" I know that debugging your system , indicators or calculations is not an option. Check yours results with excel or even with a hand made calculations. And the fun begin...
Of course most of the time, you can fix it ( except for some few TS bugs).:D
By the way Art, it seem that we have journalism in common...
Was at Figaro (Paris) in the years 80. Call the 87 crash. The only world newspaper with the cover on the crash before the event, and probably the only one public forecast, for all the crashes of the 20th century. Must do a research on this
No need of a certified account statement for this call...:D
Made many money during the crash, was a kind of a legend in the newspaper offices, and readers letters were flowing on my desk.
Mass greed, people became mad with money.
But, on the market agenda was writing : revenge.
It was the little story of the morning. Back to the topic.
Have a nice day.
 
Art's futures biases for Mar 27.

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.

_______________________________

YIng and yang.

Yesterday provided fairly definitive signals in all complexes. Today, we're seeing precious little of anything.

Given that the indexes are my area of expertise, I should have some observation about them. My opinion is right on the fence though. Until today, I thought that the breaks were unconvincing and the steady upward creep was reminiscent of the aftermath of other one-day melts like we had in late February. The subsequent action, by and large, tends to be a yawn. Notice that nobody is talking about Asia anymore.

You could buy the complex based on the fact that all three markets have a bullish majority. I just don't like today's downside probe, however. More importantly, I consider the sell signals in the second box to be a warning. Overhead resistance has been stubborn, and the S&Ps actually formed a cap top.

For Tuesday, Ill be out enjoying our sudden glorious spring weather.
 

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Art's futures biases for Mar 28.

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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If the CzarCharts are an indication, we’ve probably seen the extent of the retracement in the indices. The highs for the last week have formed a formidable resistance level, but that’s not to say they won’t give way under a serious onslaught. The small dissention in the second less-frequent-signaling box is barely worth mentioning. Look to be a buyer on Wednesday in either the S&Ps or Russell.
 

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Art's futures biases for Mar 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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As we approach the normally bullish end-of-month rollover, all major signal categories are affirming that we should see rising index prices on Thursday. Bonds are also a good upside bet.
 

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