Tuesday May 24, 2016

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12 Comments on "Tuesday May 24, 2016"


  1. We will see 2085 min this week. Time is more important than price at this time. I will be out of my longs by thursday morning., Going short some time Thurs going into next week. Best of luck every one.

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    1. Sounds like you are a lot more active trader than I am.

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  2. Storm, love the site, and will probably subscribe once it becomes required however would really like to see a few more winning trades first.

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    1. Thanks. The primary focus is for growing and preserving 401k. Then swing trading. I don’t do day trades.

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      1. That is perfect and suits me. Safe and steady wins the day, still would like to see some winning positions though. Cheers

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  3. What will your subscription prices be. Will they be monthly, quarterly or yearly.

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    1. Don’t know yet. Likely several options with lower rates given to longer commitments.

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  4. I would like to see if you could post targets for the S&P – you have a target of 666 by 2022 – how about intermediate targets for say 1 – 6 months out. Do you have a feel for when intermediate targets may peak or bottom (time wise). That is what I like to see instead of all the statistics. That would help me plan how long to keep a trade.

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    1. Sorry Gary, I just try to find the trend. I could throw a bunch of numbers and dates out there, but how realistic would that be?

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  5. This is a sample of another newsletter that sent me this freebie. This is what I prefer to see instead of all the stats.
    Maybe you could include in your summary.

    JUNE S&P OUTLOOK

    WEEKLY CHART: (5/20) First cash target for summer lows is 2000 and then 1973. At the moment, we’re inclined to sell secondary highs into May 25-26 for position traders wanting to be short this summer and particularly to catch the seasonal drop in June. Upper target is 2095 if the market accelerates but taking out 2050 on futures now may be enough to confirm a top. We can’t estimate the summer low until we see how much downward action happens. At the moment, the catalyst seems to be higher rates coming. Possible that 200-300 point drop on the S & P could happen into September but can’t measure it until it starts.

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    1. Hi Gary, would you mind letting me know who that is with, i’d be keen to follow too. My e-mail is traderstu14@gmail.com. Thanks

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    2. Lots of coulds and mays in there plus an at the moment. I do the stats so we all get on the same page of what is going on, then in the summary provide the conclusions.

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