Alívio do IRS passa sem mexidas nos escalões

[D1as]

Today's Call & Briefing:
Let's look to be on the Sell side today UNLESS we see a crystal clear Mega Bullish High Five.

It is a double sided equation today and we expect that either we will get a strong selloff or we will get a BreakOut buy if the High Five are clearly bullish. That is just how they are setting up for today.

Either an extreme Sell off or a big rally. I am favoring the Sell Off equation. Now all we have to do is read the Hour One Action correctly and it should be obvious...or at least we sure hope it will.

Look to Sell the BreakOut today if the High Five is showing signs of weakness or there is NOT a Mega bullish High Five. If you get short and the market starts exhibiting a strong NAZ and lower TRIN below .70 then abandon the trade.

Today has potential for a Bear Ugly type day too so be careful. Watch for the signs, look to stay out for the first Hour OR TWO if unclear and be willing to STAND ASIDE IF NOT CLEAR.

Concordo em absoluto.

Abraço Dwer

[Dwer]

Today's Market Force: Bearish. We want to look to Sell Rallies today and look for the market to sell off from any higher moves in the early session.


Trade Setup Summary for Wednesday, March 3, 2004:
1) (10:32-36,-38 est) Buy 1143.75/ Sell for up to +8 pts. (Buy B/D as recommended in Morning Call...hold)

2) 11:23est Sell 1147.50/cover for up to +2.75 pts. (Trailblazer 3rd level up)

3) 2:09est Sell 1152.00/ Cover for up to +2.50 pts.

TOTAL: Up to +8 pts.

Recap of Wednesday's Action:
Good Morning and thank you for joining us today.

The market exhibited the Buy Market Force off the lower opening and early drop as we suggested it would.

S&P500 gapped -2 points lower on the open and dropped down to the 1143.75 Hour One low to form the BreakDown. We saw prices push through the lows on the candle prices shown above and gradually rise all day.

This trade off the B/D ran up as much as +8 points with 2 intermittent Trailblazer trades on the short side in between as outlined above.

It was a traders market as mentioned in the briefing but clearly the Buy side was the optimum trade just holding long.

As we all know, we are risk takers and are daily stacking up risk/reward scenarios in our mind to form our strategies on whether to take profits, fade a move or hold out in an intraday trend.

Over the last few months the TCF Hour One and Buy/Sell pivot setups have experienced some difficult periods but appear to be coming back in style. With our expanded Trailblazer methods to apply to those Hour One trades we now have an opportunity to hone in on the trades with more precision.

Those who like to intraday scalp for the quicker trades our Trailblazer approach also offers this opportunity.

QUICK NOTE: I will be traveling back to California today and will not be active in the markets but will be able to monitor the action from the TV screen on the Jet Blue Airlines that I like to ride on. I'll be doing an update late on Thursday evening.

Today's Call & Briefing:
Let's look to be on the Sell side today UNLESS we see a crystal clear Mega Bullish High Five.

It is a double sided equation today and we expect that either we will get a strong selloff or we will get a BreakOut buy if the High Five are clearly bullish. That is just how they are setting up for today.

Either an extreme Sell off or a big rally. I am favoring the Sell Off equation. Now all we have to do is read the Hour One Action correctly and it should be obvious...or at least we sure hope it will.

Look to Sell the BreakOut today if the High Five is showing signs of weakness or there is NOT a Mega bullish High Five. If you get short and the market starts exhibiting a strong NAZ and lower TRIN below .70 then abandon the trade.

Today has potential for a Bear Ugly type day too so be careful. Watch for the signs, look to stay out for the first Hour OR TWO if unclear and be willing to STAND ASIDE IF NOT CLEAR.

Value Area: 1,144.00 - 1,150.50
The Market is resisting moving above 1151.00 as suggested in the Morning Call yesterday and reiterated today.

Buy Pivot Target: 1,145.00 - 1,146.00
No Trade at this pivot. Watch the -4.25 stop/pivot at 1140.75 for support.

Sell Pivot Target: 1,154.50 - 1,153.50
If prices blow through the +4.25 stop/pivot at 1158.75 then look for a reflex drop to get long on a Mega Bullish High Five. Not expected for today. Sell Side favored.

10 Day "Pit Bull" Moving Average: 1,145.60
You can see from Wednesdays action on the BreakDown 1143.25 how they moved right back up above the Pit Bull.

This is bullish action but there is this resistance at 1151.00 that is creating this "Line in the Sand" type zone...or shall we say "Twilite Zone in the sand" at 1143-1151.00.

We need to bust out on one side or the other for the market to make a decision.

Pro Trader's Action
Be a little more careful today. We have had the BreakDown reacting to the upside lately and we will need to see if this reaction causes either a BreakOut Buy OR we see the next BreakDown fall apart and prices get squashed.

That is the equation now and in the interm we can just keep hitting the Trailblazer setups and the Hour Ones with the TB overlay to nail the precision trade.

Good luck with your trades today and all the best of luck/success. Mohan