Market Timing - posted at 30 EST
Swing trade - 100% long positions; stop for all positions to SPX 1290.
Investor core - 100% long positions; stop for all positions to SPX 1290.
Thrup. Thrup. Thrup.
That is the sound of cards shuffled on a green felt table. It is the same sound heard around investment tables as the fund managers shuffle their funds' holdings at quarter's end. Today, we get to see their last minute ghosting trades. It wouldn't do to not own Google or other 'hot stocks' - even if they don't know where that stock is headed.
Today's action should be unusual just for that reason, but buying should be evident as we see in the pre-session. There is a minor time locus due soon. I'll discuss that later this morning.
The 15 minute time locus begins at 1120 EST is followed by a series of intraday clotted loci. This indicates to us a lateral chop until the final locus at 1330 EST.
Time loci for this morning: 1120,1125,1140,1210. More if these are supported by the volume patterns and price action.
The minor time locus referenced above in bold arrives on Monday, April 3rd with the window opening at noon.
More at before the open in the morning.
Good Trading and God bless
W. B. Busin
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