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Tag Archives: Russel Futures

  • Something New

    Hawk's Scan Sentry Report September 9, 2013

    Welcome to this week's Scan Sentry Report. Once again, thank you to all of you who took advantage of our "Scan Sentry Report Customer Appreciation" sale recently.  We are glad to have you as part of the Jan Arps' Traders' Toolbox family.

    This week in the Scan Sentry video I show you an example of a custom tool we recently made for a customer. He wanted something that would identify the first pullback in a confirmed trend. I go on to demonstrate how I  integrate it into my spreadsheet analysis (RadarScreen) and into a universal stock scanner.  I also provide some technical analysis of some of the other markets that we typically look at in the Scan Sentry Report.

    For those of you not familiar with “Hawk’s Scan Sentry Report”, on the video examples that follow I explain my analysis for some of the most commonly traded symbols using some of the most highly regarded technical indicators available. These tools are used by both institutional and private traders across the globe and are built into many of today’s most popular trading platforms. However, if you are not familiar with these indicators please follow this link to a legend describing these tools.

    Hawk's Scan Sentry Report September 9, 2013

    http://youtu.be/NptpUBSeju4

    May the trend be with you,

    Hawk

    www.janarps.com

    Jan Arps’ Traders’ Toolbox is not an investment advisory service nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. Examples presented on this site are for educational purposes only.  It should not be assumed that the methods, techniques, or indicators presented in these examples will be profitable or that they will not result in losses. There is a high degree of risk in trading.  Readers using this information are solely responsible for their actions and trade at their own risk. Readers should always check with their licensed financial advisor and their tax adviser to determine the suitability of any investment.
  • Getting it Right, or Making Money?

    Hawk’s Scan Sentry Report Feb 25th 2013

    A lot has been written about the difference between being right in your technical analysis and making money with your technical analysis.  Analyzing the market correctly and making money with that analysis are two different issues. How many times have you foreseen a market continuation, reversal, or correction and gotten into a trade only to find that the market had one more thrust against you, taking out your stop just before moving in your direction. Or maybe the market ran away from you before you took an opportunity to enter. Perhaps the technical analysis is correct but the execution is not clearly defined or precisely executed. Trading psychology and a good trading plan are both important to help with this issue. There are countless trading psychologists out there to help address this problem, but that is not my purview. Specific rules in a trading plan are essential, and the plan must be verified with testing and experience.

    A good trading plan should not only focus on the technical analysis, but also include risk tolerance, stop loss, and trade management (including profit targets and trailing stops). However, having a viable trading plan is not enough in and of itself; you have to follow the plan as well.  A trading plan is like a gym membership, it is only worth anything if you use it; otherwise it will just cost you money. A well respected trader once said, “Your trading rules are your employees; in order to make money you must let them do their jobs”. I couldn’t agree more. It is important that your trading career be based on a good foundation, so I encourage you to write out your plan, and then test it, and then test it some more. There are two ways to test it: 1.) execute it manually on a simulated account, or 2.) program an automated strategy to run and test on historical data. I recommend both approaches. If you need help programming your ideas for testing purposes, be sure to contact us at inf0@janarps.com and we can point you in the right direction.

    And now for some technical analysis….

    Our short gold trade over the last couple of weeks was ‘spot on’ netting 87 points on the move to our target at 1560. We also did well shorting the S&P last week.  In my previous post I  discussed watching the Russell and NASDAQ charts to anticipate action in the S&P. Well the Russell didn’t take off, and the NASDAQ didn’t breakdown yet. Let’s see what we have in store for this week. You will find charts and analysis below.

    For those of you not familiar with “Hawk’s Scan Sentry Report”, on the examples below I explain my analysis for some of the most commonly traded symbols using some of the most highly regarded technical indicators available. These tools are used by both institutional and private traders across the globe and are built into many of today’s most popular trading platforms. However, if you are not familiar with these indicators please follow this link to a legend describing these tools.

    The Charts and Analysis

    Index Futures:

    S&P  Futures

    (We got the pullback into the Triple Trender we have been anticipating since the Trend Exhaustion 3 signal 6 bars ago and the recent Bearish Divergence in Radar1 Fear/Greed. Our trend indicators are still bullish, but I would not be surprised to see this correction move as far down as support at $1462. Note Radar1 Fear/Greed is starting to show sellers stronger than buyers.)

    Russell  Futures

    (Our analysis shows this correction as a pullback in a bullish market. Note that we don’t see any divergences or significant selling strength yet in Radar1 Fear/Greed. Also neither the Triple Trender nor the Radar3 Trend Strength Index have confirmed a bearish trend.  )

    NASDAQ  Futures

    (This market did move downward but it has not yet broken down. It is still trading within the narrow range by which it has been bound since the new year. However, Radar 1 is showing that the sellers are stronger than buyers at this point. A close below the long-term Triple Trender will cause me to be significantly more bearish on the American markets in general.  )

    Equities Setups:

    (Sell Short) ESV- Ensco plc.

    (A bearish pivot divergence with Radar1 Fear/Greed  at the recent high. Radar 3 Trend Strength and Triple Trender both confirmed bearish. A trendline pullback signal to the downside, and the wave counter suggests we have completed wave-5 and are beginning reversal wave-A. )

    (Buy) ZNGA- Zenga.

    (A bullish Pullback 23 setting up after a pullback into the recently synchronized bullish Triple Trender. The pullback was also to the breakout price which is good support.  Upside target is the gap-fill at $4.45 )

    Commodities:

    GOLD

    (Gold dropped to a significant support level around $1560 this week. If it closes below $1540 the next downside target would be around $1515. More likely we will see it move sideways for a while.  )

    CRUDE OIL

    (Last week I noted the strengthening sell pressure in the Radar1 Fear/Greed and the trend strength change in Radar3 Trend Strength. This bearish orientation is now confirmed in Radar3 and the Triple Trender. Note the bearish breakdown from the up trendline this past week. Since Radar1Fear/Greed is currently making lower lows a bullish 'Pullback Divergence' could be developing in the next few weeks. Look for this current down move to find support around $91.25. A close below the Bull Flag low of $92.52 will negate the current Bull Flag and the green target dots will stop plotting )

    Forex:

    (Sell Short)-USDCHF

    ( Bearish Trend Exhaustion1 at the down trendline. Radar1 Fear/Greed did not give us a bullish reversal divergence at the last low, so I expect another thrust down. Beware: Radar3 Trend Stength is bullish! )

    May the trend be with you,

    Hawk

    www.janarps.com

    Jan Arps’ Traders’ Toolbox is not an investment advisory service nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. Examples presented on this site are for educational purposes only.  It should not be assumed that the methods, techniques, or indicators presented in these examples will be profitable or that they will not result in losses. There is a high degree of risk in trading.  Readers using this information are solely responsible for their actions and trade at their own risk. Readers should always check with their licensed financial advisor and their tax adviser to determine the suitability of any investment.
  • Testing New Highs: What's Next?

    Hawk’s Scan Sentry Report January 14, 2013

    You may have read in posts past how I often compare the S&P index to the NASDAQ to try and see which market is leading which. Another good candidate for this exercise is the Russel small cap index. When the Russel leads the S&P upward this is often perceived as a ‘risk on’ market environment. As we all know, the small cap stocks represented in the Russel index are much more volatile than the S&P 500. So, when we see money flowing into this smaller cap futures contract it helps to lend credence to a rally in the S&P when the S&P itself does appear to have the breath of bullish sentiment to support it. This is the case which we see today. Let us take a look at the charts below.

    Although the S&P is rising, I don’t see the buying confirmed by significant readings in the Radar1 Fear/Greed indicator. As predicted last week, the ES futures contract has now tested the September highs and run some stops; but it has neither retreated nor advanced since that probe into loftier ranges.  If the market has a ‘risk-on’ attitude we would expect to see the riskier Russel contract lead the S&P warhorse to the new highs.  When I look at the Russel futures chart today I see considerable more advancement to higher highs than in the ES contract. This indicates a 'risk-on' sentiment in these American markets. However, our indicators on the Russel chart show a Bearish Pivot Divergence coinciding with an overbought Trend Exhaustion 1 indication. From this I would expect to see this market slide back to retest the breakout price (Support) around 858.  Whether this price level holds up as support for the Russel contract may serve as a good harbinger for what is to come in the S&P futures market.

    Index Futures:

    S&P Index

    (Here we see price resting just above the support level created last September. Trend Exhaustion 1 shows a recent overbought signal which is bearish. However, Radar 1 Fear/Greed has just turned bullish, albeit not significantly yet. Combine this with a bullish Triple Trender and a bullish Radar3 Trend Strength and the path of least resistance here is up. )

    Russel Index

    (This market started the new year making new 12 month highs, well ahead of the S&P. Notice how this market just accomplished it’s Bull Flag target and still shows a relatively strong Fear/Greed reading. However, from the bearish Pivot divergence and the Overbought Trend Exhaustion1 signal I would expect an imminent decline to retest support @ 858. )

    I want to share with you how I am looking at several other of my favorite markets this week. On the examples below I explain my analysis for some of the most commonly traded symbols using some of the most highly regarded technical indicators available. These tools are used by both institutional and private traders across the globe and are built into many of today’s most popular trading platforms. However, if you are not familiar with these indicators please follow this link to a legend describing these tools.

    Other Charts and Analysis

    Equities Setups:

    (Sell Short)OKE- Oneok Inc.

    (Notice the combination of bearish Pullback 23 and Trend Exhaustion1 signals. As is often the case, this identifies a bearish pullback divergence with the Radar2 Price Leader. )

    Commodities:

    GOLD

    (This market has more downside than upside as indicated by the Triple Trender, Radar 3 Trend Strength, and Radar1 Fear/Greed. However, $1642 will act as significant support. I expect to see this market trade in a range between $1680 and $1640. I will be looking for intra-day trading opportunities to fade those price levels. )

    CRUDE OIL

    (A  Bull Flag setting up which will be confirmed with a close above $93.87.  Radar3 Trend Strength and Triple Trender are both bullish as is Radar1 Fear/Greed. However, we are trading at the upper end of a recent congestion zone which should prove to be significant resistance.)

    Forex:

    GBPUSD

    (Since the Triple Trender and Radar3 Trend Strength both synchronized  bearish we now have a pullback into the shorter term Trender giving us a short entry opportunity. If the Radar1 Fear/Greed turns green and indicates more bullishness, this short trade will be disqualified.  )

    May the trend be with you,

    Hawk

    www.janarps.com

    Jan Arps’ Traders’ Toolbox is not an investment advisory service nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. Examples presented on this site are for educational purposes only.  It should not be assumed that the methods, techniques, or indicators presented in these examples will be profitable or that they will not result in losses. There is a high degree of risk in trading.  Readers using this information are solely responsible for their actions and trade at their own risk. Readers should always check with their licensed financial advisor and their tax advisor to determine the suitability of any investment.

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Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Full Risk Disclosure

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