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INDICES READING:
>=2/3 indices are trending up = Focusing on overnight longs
>=2/3 indices are trending down = Focusing on overnight shorts
>=2/3 indices are range bound = No overnight trading
*Highlighted bold is where we are at in the market.
*Documentation explaining what this reading is and my overnight momentum trading system: Click Here
OVERNIGHT MOMO SCANS:
OVERNIGHT MOMO LONG MID/LARGE CAPS
OVERNIGHT MOMO LONG SMALL CAPS
OVERNIGHT MOMO SHORT MID/LARGE CAPS
What I’m Doing In Markets
Nothing new for me today, as I’m hanging out in Penticton with a couple friends I met in Sayulita earlier this year before driving up to Banff in a few hours to snowboard for the next few days… If being honest, and if you read my prior email, I’m struggling this month in markets. I overtraded and I found myself making exceptions in a no overnight tape and there’s nothing else firing on my other trading systems to really make up for these mistakes. Anyways, it happens and now it’s just about resetting, taking some time off, until something truly remarkable comes around that is worth my time/focus in markets (an A+++ overnight momentum trade for instance).
I’m flat overnight and it feels good, as I should be! We are in a no overnight tape. If you haven’t already, check out Trade Ideas here and use discount code KSV15. It’s a no-brainer tool that every serious trader should be using.
Disclaimer: This content is for informational and educational purposes only and should not be considered investment advice. Always do your own research and consult with a licensed financial advisor before making any investment decisions. “We”, “I”, “SaveOnTrading, or “Overnightmomo” may buy or sell any security mentioned at any time, without notice.
