Friday, May 24, 2019

Dashboard Dailies (closing previous business day)

Daily Time Frame Trading

AEX @ 543,71
Bearish environment. Bearish trend trade mode.
Trade mode start: 20-05-2019 (551,37).
Trade mode exit:.
Trade actual: Shorts opened on 22-05-2019 @ 552,97.

BRENT @ 67,76
Bullish environmentNo trend trade mode.
Trade mode start: 29-03-2019 (67,56).
Trade mode exit: 07-05-2019 (69,88) (trade mode profit).
Trade actual: No actual trend trade.

GOLD @ 1.285,40
Bearish environment. Bearish trend trade mode.
Trade mode start: 21-05-2019 (1.273,20).
Trade mode exit:.
Trade actual: Shorts closed on 23-05-2019 @ loss (close above 20 day SMA).

SOYB @ 821,50
Bearish environmentBearish trend trade mode.
Trade mode start: 27-03-2019 (887,50).
Trade mode exit:.
Trade actual: Shorts closed on 17-04-2019 @ profit (close below lower Bollinger Band).

SPX @ 2.822,24
Bearish environment. Bearish trend trade mode.
Trade mode start: 17-05-2019 (2.859,53).
Trade mode exit:.
Trade actual: Shorts opened on 17-05-2019.

UST @ 125,53
Bullish environmentBullish trend trade mode.
Trade mode start: 06-05-2019 (123,96).
Trade mode exit:.
Trade actual: Longs closed on 13-05-2019 @ profit (close above upper Bollinger band).

XEU @ 111,83
Bearish environmentBearish trend trade mode.
Trade mode start: 26-03-2019 (112,64).
Trade mode exit:.
Trade actual: Shorts closed on 24-04-2019 @ profit (close below lower Bollinger Band).

Trade modes are determined on a daily closing basis.

For actual trading I use capped futures (limited downside risk) and options.

For an explanation of the Trend Trade & Investment Strategies, its abbreviations and its usage see the bottom of this blog. Please also read the disclaimer there.

Monday, May 20, 2019

AEX Elliott Wave Musings Update

This update should be read in conjunction with AEX Elliott Wave Musings which was revised on 10 March, 2019.

It presents the tentative Elliott Wave count as I imagine it.

Supercycle Wave 5 up - Cycle Wave 2 down - Primary Wave B up - Intermediate Wave C up. Or have we already started Cycle Wave 2 down - Primary Wave C down?

For a graphical display look at the AEX Monthly Charts (AEX Monthly Chart I and AEX Monthly Chart II).

Don't hang your hat on this kind of analysis. It will be wrong more often than not. It is only a human and therefore feeble attempt to create some order out of seemingly random market movements.

I don't trade or invest according to these views. For that purpose I only use the Trend Trade & Investment Strategies which are explained at the bottom of this blog. Please also read the disclaimer there.

Friday, May 10, 2019

Updates

There will be no updates until Sunday the 12th of May.

Good luck with trading and investing.

And be careful.

Monday, May 6, 2019

Double Top and Sell in May

The Double Top formation and "Sell in May" adage seem to be doing their work.