Direction of Current Stock Markets

The 13th high level trade talk between the US and China just starts this week. With such uncertainty today’s US markets are moving in a narrow range. Most trader would lose money in such market conditions. But you don’t have to join the majority.

First we should have clear picture for the longer term trends, then make decision for day by day trading. We use the E-Mini S&P 500 market (symbol – ES) as an example to explain. How do you trade current stock markets? What direction to go – up, down, or sideway? We sit back and study a big pictures of the ES with weekly chart. Below is the weekly chart of the ES with AbleTrend signals in the last 3 years.

We clearly see the small blue dots line up around 2,873, and the green bars of last 3 weeks. Based on current market conditions, the market is on a sideway, but favour is still on LONG (up) side. Accordingly trading strategies could be: Use short time interval such 5 to 15 min charts, trade with AbleTrend BUY signals only. Always watch the T2 small blue dots which tells to exit or hold the long positions. With the signals we may know right or wrong at any moment.

Today is Oct 7, see 5-min chart of the ES below. We may follow the LONG signals to trade easily.

AbleTrend is a principle-based trading software which received Reader’s Choice Awards from S&C magazine for more than 23 years in a row since 1997.

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With Warm Regards,

John Wang
AbleSys Corp.

Trading Futures and Options involves substantial risk. It is not suitable for all investors.

*HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. STAFFORD TRADING HAS HAD NO EXPERIENCE IN TRADING ACTUAL ACCOUNTS ON THIS SYSTEM. BECAUSE THERE ARE NO ACTUAL TRADING RESULTS TO COMPARE TO THE HYPOTHETICAL PERFORMANCE RESULTS, CUSTOMERS SHOULD BE PARTICULARLY WARY OF PLACING UNDUE RELIANCE ON THESE HYPOTHETICAL PERFORMANCE RESULTS. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS