Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.



maybe tomorrow

We've still got an hour left in the day's trade but I wanted to give a quick follow up to this morning's Monday Hangover piece. Of the nine days that accurately predicted today's close (asssuming it is lower), the next day opened higher in all nine and the close was higher in seven of the nine.

As well, I've got a pretty compelling analog for a "counter-trend Tuesday" trade tomorrow. Here's the query: the day is Tuesday and the SP futures closed down more than 1% for two consecutive days AND failed to trade positive for two consecutive days. With those assumptions, there were only five occurrences and the next day's pattern strongly suggests a higher open, push lower, and higher close pattern for tomorrow.

I'll post the details tomorrow but I wanted to give you a heads up. Remember Minyans -- this assumes that today's close is down more than 1% and most important -- past performance does not indicate future results.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos