With one day left to go in both the month and year, here are a slew of monthly charts that should help put the price action we have seen over the past few quarters in perspective. Please see my thoughts and analysis on the charts.
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Here is a two-part video series that I made back on November 18, 2010, for members of 12631. The goal of most of my videos, as well as one of main objectives of the 12631 service, is to extrapolate on The PPT algorithm’s vast capabilities. In this case, the seasonality feature of the algo offered up a bevy of trading setups headed into December. The results have been very impressive, as we head down the final stretch.
You can be sure we will be analyzing January seasonality plays in the next few days. If you are interested in learning more about The PPT, please click here and be sure to watch my video at the bottom of the screen giving you a tour inside the service.
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[youtube:http://www.youtube.com/watch?v=lgUtDULef10 550 412]____________
[youtube:http://www.youtube.com/watch?v=SqjInMRRxDg 550 412] Comments »Just over six weeks into our 12631 service, our growing community of over 210 subscribers is thriving. Here are some examples of the unsolicited feedback we have received from members:
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From member “kelkun”:
“…I’ve subscribed to many different services over the years and I’ve dropped all of them after a month or two (except for…Jim Cramer’s RealMoney…). Well, I have to say 12631 is easily the best I’ve ever tried. A winner.” -09:57:01pm EST on Dec 8, 2010
From member “jayla”:
“12631 is amazing. I made back my entire year subscription in 1 trade. Not to mention the environment is supportive and dynamic, enough said.” -11/25/2010 1:15 AM
From member “robruss49”:
“After 30 years of studying these markets, and since becoming a distinguish member of PPT and 12631 you guys have taught me more in a week than I could have ever imagined! Thanks for sharing. GOD Bless you all.” -November 18, 2010 at 2:29 pm
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We would like to hear even more feedback from you. If you are a member and interested in giving a 12631 testimonial, please email me at: chessNwine at gmail dot com.
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MARKET WRAP UP 12/27/10
As we come down the homestretch in the final week of 2010, the resilience of the bulls and the market at large cannot be ignored. One top caller after the next has lost credibility with remarkable speed over the past several months. Despite the steep run up since early September, from 1039 to 1259 on the S&P 500, the daily charts of the leading indices and sectors remain constructive. In other words, just because we have gone up a lot does not mean we are coming down quickly–at least for the time being. The idea that sellers will become aggressive this holiday week is likely wishful thinking for those underwater on bearish bets. Instead, it is likely that bears and aggressive profit-takers will wait to make their moves until early next year, if it all.
As for the rest of this week, I expect more slow, light volume trading. Thus, it is key to avoid trading out of boredom.
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[youtube:http://www.youtube.com/watch?v=J_HUfKTsEq0 450 300]r
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The shopping malls are filled with $JWN, $M, and $SKS all making a killing, and $WFMI is banking coin on selling unspeakable amounts of $26 Chocolate Yule Log cakes. To me, though, Christmas is the perfect reminder that America became a great country largely due to its founding on Judeo-Christian values.
Have a safe and happy holiday, but don’t buy too many presents, else face Jimmy Conway…
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[youtube:http://www.youtube.com/watch?v=FVvvkDSXj_I 450 300]r Comments »
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MARKET WRAP UP 12/22/10
The slow and steady holiday drift higher has an anti-climatic feel to it, much like many of the hyped Hollywood films that are released this time of year. Inherently, most market players know that the highest probability scenario is a slow motion melt-up into Christmas and New Year’s, but many have a hard time accepting such a predictable ending will actually come to fruition. Regardless of what “ought” to happen, the market simply does what it does, and it is what it is. No trend lasts forever, and the first few weeks of January may very well be a stern reminder of that fact.
In the interim, however, there are–and have been–ample opportunities to make money for those not on the ski slopes, a beach, or stubbornly on the wrong side of the tape.
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