Stuck in the middle of the S&P and the NASDAQ futures.
Stuck in the middle of the S&P and the NASDAQ futures.
The main barometer I use to measure to strength/weakness of the market and, therefore, the barometer I use to help me make individual stock trading decisions is the futures, particularly the S&P futures.
Charles Nenner appeared on CNBC again this morning providing his lastest cycle predictions for the market in general and gold in particular. As usual Mark Haynes was not able to give Mr Nenner much time to explain his cycle research (I have sent Mr Nenner an email requesting a follow up interview).
1. September is considered to be one of the worst months on record for the stock market. Whether or not we see selling pressure again this year is yet to be seen but so far we have knocked out the best trading days of the month scenario.
Email me with any questions you would like me to ask Mr. Nenner the next time I conduct an interview.
Visit the Charles Nenner Website and inquire about receiving the newsletter. Mention The Crosshairs Trader for a possible “free look”. CONTACT FORM HERE.
There are no secrets in the market so this is not a new phenomenon and I cannot take credit for its “discovery” and neither can any one person in particular. However, let’s look at this statistic in a little more detail (including a slightly different opinion) and find out why this phenomenon exists. Then let’s look at what I believe is the best way to trade using this information.
The dictionary defines deception as a trick or the art of deceiving someone. And how do you deceive someone? By hiding the truth behind the facts. There is an art to this. Indeed, trading is an art, an art of deception, like it or not. Does not matter whether you believe it not, it just is.
If you are not familiar with Mr. Nenner check out my other posts:
As before, I would suggest you contact Charles Nenner Research via this CONTACT link. Mention THE CROSSHAIRS TRADER in the MESSAGE SECTION and in the follow up phone call. You could receive a FREE TRIAL of the Charles Nenner Newsletter.
Will the resistance on the WEEKLY chart keep the indices in check as we enter the traditionally weak to neutral summer months? Or will the S&P and the DOW find the strength to join the NASDAQ and push further past resistance? There is always the possibility of a summer rally!