Daily Chart Signals: #Indices 2015/04/23

Thought of the day: “What is right and what is practical are two different things”, James Buchanan, American President

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  1. JSDA Bullish Weakness 2015-04-23
  2. MBI Bearish Strength 2015-04-23
  3. OSX Bearish Strength 2015-04-23
  4. BUX Bullish Weakness 2015-04-23
  5. VILSE Bullish Weakness 2015-04-23

  • Bullish weakness: Longer-term trend is bullish. There has been some temporary weakness, but the uptrend is likely to resume
  • Bearish strength: Longer-term trend is bearish. There has been some temporary rally, but the downtrend is likely to resume
  • Volatility Channels (Horizontal dotted lines) : Markets often retest swings. This is a volatility buffer to allow wiggle room.
  • Volatility Channel: Think of the other side of a volatility channel of the distance it would take to close half the position to break even if the remainder was to hit the stop loss
  • #n%: Think of it as a rudimentary equity at risk position sizing. It is 1% divided by the distance from the day the swing is recorded to the volatility channel
  • Disclaimer: this is neither a solicitation, nor an investment advice
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