Update
Posted on May 6, 2008
Filed Under Stock Code Trading |
With an hourly time scale, we can check that IEF (bond index) is bouncing with high volumes (first plot) & at the same time SPX is plunging (second plot) with a test of moving average (50 hours)… MACD signals are positive for bonds & negative for stocks… Nothing with a high significance at this time but the retracement of the recent stock run that we were expecting for the middle/end of the week could start today (1 or 2 days in advance w.r.t. our expectations)?! It is a scenario that we can not exclude as the stock bounce was quite strong last week…
However, the battle is only at the warm up phase… We have already booked some gains to keep our strategy as safe as possible and the remaining trades are protected with stop wins… We can observe and monitor the fight… All reports are available @ www.thestockcode.com with the ongoing positions (section Downloads-analysis & recommendations)…
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