DummySpots.com

A couple of the most promising strategies I’ve been pursuing lately are flashing potential “Buy” signals for the SPYders today. Here’s where we are right now (a bit before 1100 EST):

I’ll be getting long on a close above 152.05 this afternoon, should that happen. The way I do that is to make the trade around 1545-1558 EST, depending on the action during that period (i.e. once I’m fairly certain the close will be at or above my target level).

If there’s no trade today, there’s about an 80% chance there’ll be one tomorrow. The less-likely alternative would be for the bottom to fall out.

Soon I’m going to post a lot of data from the research I’ve been doing lately, as there have been some epiphanies which have modified 15 years’ worth of trading habits, and I’d like to share those. For now, I’m juggling “life” and pursuing the research, and writing is being relegated to the rumble seat. But I’m taking lots of notes, and plan to knock out a couple of really long, table-filled posts in the near future.

[Addendum (5:30 CST): Well, it didn’t close above 152.05, but I got filled anyway. I had to leave to go see a guy about “some bidness”, so at about 2:45 EST, with SPY hovering down around 151, I put in a buy stop for 152.05, figuring there was very little chance of a $1 rally in the last hour, but if it happened, I’d take some. As you know, it rallied hard right at 3:00 EST, then dawdled for the last hour, causing me to get filled on a day that closed below my target. We’ll see how this hashes out tomorrow.]