structure hasn't changed : it actually well "resisted" in the afteroon and somehow improved considering that the up impulse was already achieved and consequently operators were "satisfied" on the short TF but concerned by US. This will be the theme opf the next days for the UP candidates.
Switching setup to front room means sideways but still good energy to reach at least the tgt .
bad thing is weaker supergroup.
fabrizio Wrote:supergroup among candidates for set up, super group strong and against cycle.
All parameters ok, watch out for the * , means entry price not definitive.
quite similar to wos.
Conclusion for both:
If ES WILL CLOSE UP TONIGHT TOMORROW MORNING WILL LIKELY SEE THE TWO STOCKS REACH THEIR TGTS.
CONVERSELY YOU'LL SEE THEM DOWN BELOW ON THE SUPPORTS.
IF SUPPORTS BROKEN THAN SAY FAREWELL.
WOS-LON: Stopped.
UNIP-MIL: mdway TGT reached , SL raised, TGT substantially reached .
From what has been the Profile reading, the move up for UNIP is over on different Rooms. So taking in consideration the enviroment I would rather close the remaining position although all the elements are showing strenght.
A short look at the TBalance will show how the groups --> stocks reacted in edifferent manner to the SPX's down close.
Note that without DT the whole stock picking and trade plan wouldn't have been possible in such a short time frame.
Herebelow the Groups daily History.
Great Company Just Bought New Locations In Usa, India, China,
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Update
Some Triggered On Their Way Up , Some Just On The Brink
Snam Rete Gas (utilities) Has Been Added
lUXOTTICA :TRIGGERD IN sc +sd
CDI -PAR SETUP IN DB PHASE UP TILL PC
CAREFULLY MONITOR THE OTHERS SINCE A SETUP WILL SHOW LIKELY SOON, EXCEPT RICHEMONT
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BPI on quotecenter - strange - perhaps Bad Tic on data feed as it was also showing on my CFD 5 min chart. But not on the raw data from Quotecenter.
markets are correlated...
- Equities follow SPX
- though each one has its own PA dynamic.
- From time to time the value of "dispersion" , the σ² (STD)of an STX 600 stocks from the SPX movements will change accordingly to local market + corp fundamentals factors + stocks size and liquidity.
I.e:
-DAX is perfectly correlated with SPX, with a ~ 4.5 factor multiplier.
-But because of 2) and 3) often takes its own direction careless SPX.
DT [+ top bottom routine + chart analisys], is the unique tool to timely understand divergences and manage the risk.
Keep it simple, little words, lot of work .
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stronger than supersector and broader market.
See post 32 and matrix