Odds Czar: Simple Biases in the Futures Markets 2007

Art's futures biases for May 15.

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.

______________________________________________

The currency sell flashes are the most attractive signals on the board for Wednesday. Note the -6 either-or reading in the Swiss franc.
 

Attachments

Art's futures biases for May 17.

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.

______________________________________________

There are solid buy flashes across the bond complex. The 30-year is the best bet. Note that the two buy signals in the less-frequent second box include a cap bottom off a series of down-driving days.
 

Attachments

Art's futures biases for May 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.
 

Attachments

Art's futures biases for May 21.

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're back to seeing unanimous buy flashes across both signal groups in the bond complex. This is occurring at a short term oversold time frame.
Perhaps dovetailing nicely with that is the setup for an overdue break in the stock market. The Czar signals aren't overwhelmingly bearish, but their negativity is not contradicted. I would be especially inclined to sell a sharply higher opening.
 

Attachments

Art's futures biases for May 22.

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.

__________________________________________

Despite having turned the day-of-month corner from the short to the long side, the calendar indicators are still net negative. This is in tandem with solid bearish readings in both other signal categories in all three indexes. Expect a down move on Tuesday.
Also look for continued upside action in the bonds.
 

Attachments

Art's futures biases for May 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.

__________________________________________

Short signals in the indexes are less insistent than they were yesterday, and there is one contradicting buy flash in the S&Ps. Nevertheless, I think the setup is such that it's ok to follow a mere majority consensus. Obviously if you treat each market separately, you have clear-cut sells in the Nasdaq and Russell. The extent of the S&P's dissention is merely a neutral reading.
 

Attachments

Art's futures biases for May 24.

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.
 

Attachments

Art's futures biases for May 25.

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.

__________________________________________

One lone dissenting vote aside, the indexes signals are insisting that Thursday's break will be reversed on Friday. This shouldn't chafe too much at anyone watching recent stock action. Lately, all breaks have been meant to be bought. It's unlikely we;'we'll see much action overall, however, given that we're going into the three day holiday weekend. But as I've consistently maintained, ours is not to reason why in any event.
The bond signals are solidly bullish as well.
 

Attachments

Art's futures biases for May 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.

_______________________________________

As Friday goes, so goes Monday. After the long weekend, people are most likely to resume activity they were doing prior, i.e. in buying. Note that all indices are confirming the long scenario in all major signal categories.
 

Attachments

Art's futures biases for May 30.

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.

_______________________________________

The indicies are probably due for a down-move in line with their majority signals. When viewed as a separate entity, the Russell is giving non-contradicted sell flashes.
The bonds are posting buys, primarily on the strength of the contrarian 2 same-way open-to-close indicator. The 5-year is getting added long side support from the either-or box.
 

Attachments

You must log in or register to reply here.
Back
Top