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Bearish Backdrop Resumes Control – Dec 5, 2018

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MARKET TEMPERAMENT –

Markets faded sharply in algorithmic trading at the cross of the yield curve…yield curve inversion.  This means that the charts that normally say that the longer you keep money in the bank, the higher the interest rate you get – reversed.  Yesterday the chart said that if I lock money up for interest gains for 2 years, I would make more money than if I locked it up for 5 years.  There was my mini study on what ‘yield curve inversion’ means.  We remain engaged in an intermediate bearish motion, so those futures markets have stalled at deep support zones noted from October. Today, the futures markets are closed in observance of the funeral of GHW Bush.  Commodity markets are open so we will be looking at those – which are both looking more bullish than the markets.  OPEC cuts in view and the rush to the ‘safety’ of gold seems to be driving the charts.

How about finally starting that trading journal?

You should – Here’s an easy way to keep track of your progress

PROTECTED DATA SITS BELOW –

IF YOU CAN SEE THIS LINE, YOU ARE LOGGED IN 

PRIOR DAY’S END OF DAY PERFORMANCE RECAP PER CONTRACT-

Here’s the proper way to trade the spreadsheet

Enter the live trading room here  for the week beginning Dec 3, 2018 –

DROPBOX LINK FOR TRADING DATA EXCEL SPREADSHEET –

Prior day’s LIVE TRADING ROOM recording

Today’s LIVE TRADING ROOM recording

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ESZ8 - TPS-TPO - Dec-04 0831 AM (4 hour)NQZ8 - TPS-TPO - Dec-04 0831 AM (4 hour)YMZ8 - TPS-TPO - Dec-04 0831 AM (4 hour)CLF9 - TPS-TPO - Dec-04 0831 AM (4 hour)GCG9 - TPS-TPO - Dec-04 0832 AM (4 hour)2018-12-03-RESULTSLEVELS