Bull Market at a Key Point

 Expecting a stall at exactly 1482.00 to 1484  that could show sufficient stopping power to terminate the rally. When we get there, we’ll want to tighten up with an impulse leg-based stop-loss , Shooting for a 1470.25 long term target.

Even for someone who expects the economy to worsen in 2013, as I do, there is no evading the bullish implications of the facts shown in the technical picture. Most immediately, the logic of it suggests we’ll see new all-time highs near 1553.50 in the weeks ahead.

So what happens now if the futures simply blow past our target? That’s always a possibility, and it would have undeniably bullish implications going forward. But even then, we wouldn’t expect the E-Mini S&P to much exceed 1548.25, a longer-term objective.

Much as I’d like to say we can go back to being bearish now that we’ve at least considered the bullish case, we are in fact obliged by the evidence to be bullish. If there’s any hope I can hold out to permabears, it is that a high at 1553.50 — representing a headline breakout, by 34 points, above the 2007 top — could in theory set up one of the most enticing bull traps in stock-market history.

Open Position : Long @ 1456.50  with + 45.50 pts booked on multiple contracts.Shooting for 1494.50 long term target

Jaguar Trader

Bullish Formations that Many did NOT want to See

Bears, pessimists and novices had another bad day.

There were many in StockTwits that ignored and failed to see these formations, you know who you are, even when there was a warning posted on this Blog 24 hours before the breakout to new highs.Called it arrogance, ignorance or just plain incompetence and many of them called themselves " Professionals " ! ?

Another Swing Trade Wins and worth + 21 pts per contract , called ahead of time , executed and booked, and still Open for more profits.

Thank you to the WRONG shorts who continue to play fortune teller. Without your arrogance and predictable behavior  this swing trade would not be possible.

Jaguar Trader aka TraderTopGun

Market Status & Observations

Someone name ' AngryBen '  in StockTwits asked me how to become a subcriber. This person is not even a follower ! < first pre-requisite requirement.Talk about no common sense !

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9:17am est Swing Position Update : Long @ 1456.50 > ALL 5  Targets reached and filled.Total open profits + 70 pts. > Next Target : 1482.75 < Monthly High in January 2008 > as described to the exclusive subscribers.

Trade Plan wins AGAIN.

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Hey, Brad, did you get you head out of your ass? < This idiot was Short and he sends me a message in my StockTwits Inbox > " You are wrong and I'm right Sold Short....blah, blah, blah..." < Hope you learned something, stupid shit !

By the way : " The poor high of yesterday was signal of more upside. Market usually repairs the profile to make these highs look more symmetrical." < Quote from Twitter

The poor High was NOT the reason for the breakout to higher prices, you idiot !

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12am Thursday, Jan 17 : Market Update and Position Status:

There is a Bull Flag in the Nasdaq , another Bull Flag in the Russell 2 K and another Bull Flag in the ESH13 < Long position is open and targets remain as specified by email to my long term faithfull subscribers and followers.

Word to the Wise:

  Any good Analyst knows from long term experience that technical formations in charts RULE OVER Indicators, News, and Noise or erratic swings, and especiallly over a any "Gutt Feeling "or " Fortune Telling Opinions "

A final WARNING to all Short Sellers > There are Bull Flag Formations ALL Over US Indicies Charts ! < BEWARE

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3:45pm - Target reached for Long position > Done for the day.

Review : Short Target 2nd Objective  not achieved > Price action reversal and breakout in the 6th Hour is bullish if it closes above 1466.75 then there will be a Gap up tomorrow and it will be sold at  1482.75 to 1488

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8am est Update : Short Entry from 1465.25 > Trade Setup works again. First target hit and filled + 8.50 pts next target : 1455

This is the same idiot that accused me of bragging several months ago because he can't predict price action and is not willing to learn either !

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Long Position Liquidated due to failure to reached target and other price action clues

New Position Short in the 6th Hour : Sold 1465.25 > Trade Setup available upon request

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4:10pm est > Update : Price action gives clue to possible gap down tomorrow to 1455.

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2:03pm est > There as predicted > pattern repeats again > very predictable...

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12:38pm est Update : > Test of 1461.50 is a buy ....1:40pm est > Any pullback to 1463 is a buy, price action is making a bullish formation that will probably breakout in the 5 or 6th Hour of RTH Session.

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Looking at the profile for Friday, Jan 11 the poor high and poor low made is indicative of short term traders control of price action and the absence of longer term players which has an increase potential or subject to liquidation breakdown.Volume in the E-Mini S&P500 Futures was only 1,122K down 27% from previous day.

Market Internals are strong but no increase in volume and the leader of all Indecies, The Transportation Average has crossed to the downside the Daily Uptrend Channel. That means we can expect a pullback on the other Indecies including the S&P500.

Another significant development is that last week there was a record 23 Billion dollars inflow into equities funds which is a bullish sign for the up trend.

Long Position : 1462.50 > 8.50 Pts in profits < See previous post ...Expecting a pullback after a test of 1471.50 >  using 1464.50-1466 as Bull/Bear Zone > After the first objective target then 1473.25 is the second objective.

Todays Trading Plan

9:40am est : 1463.50 is a buy then 1462.50 < 10:36am est > Long 1462.50

As long as 1460.25-1462.50 Bull/Bear Zone holds, expecting a test of 1471 -1473.50 today

Overnight Support : 1463.50-1464.75

Swing position from 1455 is closed

Swing Position Update

4:30pm est Update : Fourth and final target: 1457.50 filled and booked for + 73 pts profits

Note : 1458 was a very important CLVN in the long term Composite and 1457.25 was also a key level from Oct 05, 2012.

Total points on this Swing Trade : + 178 pts or $ 8,900 per contract in only two days and 2 points of risk.Congratulations on the followers and subscribers that took this trade.

JaguarTrader

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10:13am - Update : Long @ 1384.50 ( See previous Setup ) > Third Target hit and filled for booked profits of + 68 pts

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Swing Postition : Long @ 1384.50 > booked profits now + 63.50 pts < HOME RUN !

First trade of the new year WINS !

See you at the top


JaguarTarder ( StocksTwits )

Swing trade Update

As posted in StocksTwits on Dec 31 at 12:14am or 14 minutes after midnight :
" Bullish Inverted Head & Shoulders > US Fiscal issues will be resolved > will buy at key levels "

New Swing Trade Initiated at 1384.50 with a separate Swing Trading Account followed by my subscribers. Note : there is another separate day trading account that is followed by a few subscribers.

Swing trade is now + 39.25 pts in profit . The ES market closed at 1423.75. Profits was taken and booked as posted in StocksTwits : @JaguarTrader

The Trade Setup :   Daily Inverted H & S Formation < 80% reliable
                                RSI ( 2 ) Reading : 2 > Day 3 of High Reliability setup
                                VIX Count : high extreme reversal signal
                                Daily Fibonacci Retracement Zone : 61.8%
                                Other Price Action Clues available to subscribers

Happy and prosperous New Year to all

JaguarTrader aka : TraderTopGun

Reversal and Exit of Swing Trade

Is she crying again ? >  New York City Mayor Michael Bloomberg abruptly reversed course and canceled Sunday's marathon, a beloved annual race that had become a lightning rod for people frustrated by the disastrous aftermath of megastorm Sandy.

I my opinion it was a very bad judgement by this millionare NYC Major to even consider the event.
No sencitivity what so ever. Always thinking of dollars instead of placing the priority on charity and human dignity.

You get what you deserve New Yorkers ! for electing a millionaire for a City Mayor , clearly NOT a representative of the 60% of poor people that live in that city. HELLO ! Mr Millionare Mayor !, were was your head at ? ! ! ! > same as the Republican Party out of touch with reality and blinded by arrogance.

Two bad Omens for Mitt Romney , first his ignorant remarks about the 47% of voters and second NYC Mayor's bad judgement.

JaguarTrader ( StocksTwits ) aka TraderTopGun