The JPM Chase Short: My Retail Sales Prediction

14 ביולי 2016

I normally can predict retail sales every month before it happens, but my data is mixed; hence, waiting for data to come out. This rally doesn't make sense. Tomorrow's data will make or break my DQ pattern!

15 ביולי 2016

הערה

Target is obvious:

15 ביולי 2016

הערה

24 ביולי 2016

הפקודה בוטלה

FUNDAMENTALS DO MATTER:

Like I said before, the retail sales data will make ore break this pattern. Retail sales data came out more positive than the consensus expected. Now, the S&P 500 and other markets within the USA are rallying across the board. This is a brimming bull market and not an environment to be short this corner of the world until there is more risk aversion.

Normally, I predict retail sales. This time, I wasn't as sure like that it would come out negative; hence, why I made the comment concerning retail sales.

Fundamentals are the catalyst that drives the market decisions. We need data to be negative, until then, I consider this pattern broken. Why wait to get stopped out when all the data is positive and I can look into the future?

Retail sales data came out positive:
census.gov/retail/marts/www/marts_current.pdf

Technically, we have smaller breakouts to the upside for JPM because it is following the broad indices. So, orders cancelled. Keeping a skeptical eye out on it and on my gold miner limit orders that haven't been filled yet.

24 ביולי 2016

הערה

If Monday is positive again...withdrawal of my positions for further observation.