WHAT DOES THE MOP TRADE PREDICT FOR THIS WEEK ???
In this mornings extended session the QQQ's are trading above 314.00 level and we expect Friday's high 315.12 will be tested.
OUR MODEL IS NOT PREDICTING A MONDAY HIGH FOR THIS WEEK SO WE WILL BUY CALLS ON ANY INITIAL WEAKNESS MONDAY
Our model is giving us a signal of either a Tuesday or Friday high this week. With the political events this week in Washington DC it sure looks like Wednesday is going to be the pivot point for the market.
Our game plan for Monday:
We plan on buying Jan 22nd 315 calls on any weakness Monday, and our plan is to hold them into Tuesday, and will start to buy Jan 22nd puts Tuesday. We will be watching Tuesday's 1st 30 minute high as our guide...if that high holds any test we will start buying puts if that high holds, or we will wait till Tuesday's close to position ourselves for Wednesday.
If Wednesday's high breaks Tuesday's high we will remain not remain in puts, but will rather look to go long again expecting a Friday high for the week.
If Tuesday is the high for this week our model expects that Friday's low 310.58 will be broken before this week is over!!!
Good Luck!
OUR MODEL IS NOT PREDICTING A MONDAY HIGH FOR THIS WEEK SO WE WILL BUY CALLS ON ANY INITIAL WEAKNESS MONDAY
Our model is giving us a signal of either a Tuesday or Friday high this week. With the political events this week in Washington DC it sure looks like Wednesday is going to be the pivot point for the market.
Our game plan for Monday:
We plan on buying Jan 22nd 315 calls on any weakness Monday, and our plan is to hold them into Tuesday, and will start to buy Jan 22nd puts Tuesday. We will be watching Tuesday's 1st 30 minute high as our guide...if that high holds any test we will start buying puts if that high holds, or we will wait till Tuesday's close to position ourselves for Wednesday.
If Wednesday's high breaks Tuesday's high we will remain not remain in puts, but will rather look to go long again expecting a Friday high for the week.
If Tuesday is the high for this week our model expects that Friday's low 310.58 will be broken before this week is over!!!
Good Luck!
Trade active:
Need to clarify a mistake. Since today is Tuesday (not Monday) the model is predicting either a Wednesday or Friday high this week. In other words today is not projected to be the high for this week!
Trade active:
SO THE MODEL IS NUMERICAL IN ITS DAYS:
MONDAY=DAY1
TUESDAY=DAY 2
WEDNESDAY=DAY 3
THURSDAY=DAY 4
FRIDAY=DAY 5
SO WHEN WE WROTE THIS POST WE HAD ALL OUR DAYS OFF:
MONDAY=TUESDAY
TUESDAY=WEDNESDAY
SO THE MODEL IS PREDICTING EITHER WEDNESDAY(TODAY) HIGH OR FRIDAY HIGH THIS WEEK.
FOR WEDNESDAY QQQ IS OPENING UP AT ALL TIME NEW HIGH. THE MODEL PREDICTS: IF TODAY'S HIGH - OPEN >+$1.00 THEN TODAY CLOSES> OPEN
MONDAY=DAY1
TUESDAY=DAY 2
WEDNESDAY=DAY 3
THURSDAY=DAY 4
FRIDAY=DAY 5
SO WHEN WE WROTE THIS POST WE HAD ALL OUR DAYS OFF:
MONDAY=TUESDAY
TUESDAY=WEDNESDAY
SO THE MODEL IS PREDICTING EITHER WEDNESDAY(TODAY) HIGH OR FRIDAY HIGH THIS WEEK.
FOR WEDNESDAY QQQ IS OPENING UP AT ALL TIME NEW HIGH. THE MODEL PREDICTS: IF TODAY'S HIGH - OPEN >+$1.00 THEN TODAY CLOSES> OPEN
Trade active:
MARKET IS GOING TO OPEN ABOVE PREVIOUS DAY'S HIGH FOR THE 2ND STRAIGHT DAY. MARKET IS TIRED AND HAS RISEN $15.00 IN 3 DAYS, BUT WE MUST ALWAYS REMEMBER … “the trend is your friend”.
FACT #1:
THURSDAY ALL TIME HIGH
IF THURSDAY CLOSES < THURSDAY OPEN = THURSDAY HIGH WEEK
FACT #2: WED OPEN>TUE HIGH AND THU OPEN>WED HIGH
IF THURSDAY CLOSES < THURSDAY OPEN = THURSDAY HIGH WEEK
FACT #3: THU OPEN > +$1.00 AND THU HIGH > WED HIGH
IF THUR LOW -THUR OPEN>-$1.00 AND CLOSE < OPEN = THURSDAY HIGH
AGRESSIVE SHORT TRADE: BUY SQQQ 13 CALLS INTO FIRST 30 MINUTE HIGH
EXPECTING A DROP OF > -$1.00 AND HOLD THEM INTO THE CLOSE OR OVERNIGHT.
MODERATE TRADE IS BUY SQQQ 13 CALLS AT FIRST LOWER HIGH
CONSERVATIVE TRADE
WAIT FOR 30 MINUTE LOW BREAK AND VWAP HOLD NEXT HIGH BUY SQQQ 13 CALLS.
BULLISH TRADE (GOING LONG QQQ CALLS OR SQQQ PUTS) IF THE LOW IS NOT > -$1.00
FACT #1:
THURSDAY ALL TIME HIGH
IF THURSDAY CLOSES < THURSDAY OPEN = THURSDAY HIGH WEEK
FACT #2: WED OPEN>TUE HIGH AND THU OPEN>WED HIGH
IF THURSDAY CLOSES < THURSDAY OPEN = THURSDAY HIGH WEEK
FACT #3: THU OPEN > +$1.00 AND THU HIGH > WED HIGH
IF THUR LOW -THUR OPEN>-$1.00 AND CLOSE < OPEN = THURSDAY HIGH
AGRESSIVE SHORT TRADE: BUY SQQQ 13 CALLS INTO FIRST 30 MINUTE HIGH
EXPECTING A DROP OF > -$1.00 AND HOLD THEM INTO THE CLOSE OR OVERNIGHT.
MODERATE TRADE IS BUY SQQQ 13 CALLS AT FIRST LOWER HIGH
CONSERVATIVE TRADE
WAIT FOR 30 MINUTE LOW BREAK AND VWAP HOLD NEXT HIGH BUY SQQQ 13 CALLS.
BULLISH TRADE (GOING LONG QQQ CALLS OR SQQQ PUTS) IF THE LOW IS NOT > -$1.00