MARKET MECHANIC FOR 06/21/12 BROUGHT TO YOU BY ODYSSEY TRADING GROUP

TODAYS ACTION: The market opens steady in anticipation of the 9:00 AM economic numbers and these numbers disappoint and the market is off to the downside. Then Goldman Sachs says the  S&P is a sell and it is rumored then announced that MOODYS will downgrade some major banks. Today was a straight down affair and our software generated 7 profitable sell signals.

TODAYS SIGNALS:

9;10 AM sell signal emini S&P price 1343.50 sell signal emini S&P price   . The set up, with the 5, and 20 DTI’s all with negative readings, the trigger; on the 10 minute chart with the cross and close of the 10 minute DTI from positive to negative a sell signal is generated. Subsequent low 1318.00

9:50 AM sell signal emini S&P price 1344.25 On the 5 minute chart; the set up, with the 5,10 and 20 minute DTI’s all reading negative and a negative 5 minute MACD, the trigger; on the 5 minute chart a yellow neutral bar or a green bull is bar is followed with are bearish red bar, a sell signal is generated.  Subsequent  low 1318.00.

10:05 AM sell signal emini S&P price 1340.50 On the 5 minute chart; the set up, with the 5,10 and 20 minute DTI’s all reading negative and a negative 5 minute MACD, the trigger; on the 5 minute chart a yellow neutral bar or a green bull is bar is followed with are bearish red bar, a sell signal is generated.  Subsequent  low 1318.00.

11:05 AM sell signal emini S&P price 1336.25 On the 5 minute chart; the set up, with the 5,10 and 20 minute DTI’s all reading negative and a negative 5 minute MACD, the trigger; on the 5 minute chart a yellow neutral bar or a green bull is bar is followed with are bearish red bar, a sell signal is generated.  Subsequent  low 1318.00.

12:15 PM sell signal emini S&P price 1329.50 The set up; 10 and 20 minute DTI’s both reading negative and with the ADX (a momentum indicator) with a reading of plus 50, on the 5 minute, the trigger; on the 5 minute chart a yellow neutral bar is followed with are bearish red bar, a sell signal is generated.  Subsequent  low 1318.00

12:45 PM  sell signal emini S&P price 1326.25 The set up; 10 and 20 minute DTI’s both reading negative and with the ADX (a momentum indicator) with a reading of plus 50, on the 5 minute, the trigger; on the 5 minute chart a yellow neutral bar is followed with are bearish red bar, a sell signal is generated.  Subsequent  low 1318.00

 
2:05 PM sell signal emini S&P price 1324.00 The set up; 10 and 20 minute DTI’s both reading negative and with the ADX (a momentum indicator) with a reading of plus 50, on the 5 minute, the trigger; on the 5 minute chart a yellow neutral bar is followed with are bearish red bar, a sell signal is generated.  Subsequent  low 1318.00

AFTER THE CLOSE: The proprietary indicators , DTI and TIndex on time frames from the 5 minute time frame to the 60 minute time frame all finished negative. It looks like we are back into the sell the rallies mode.
 

TODAYS CHART: 

ABOUT THE MARKET MECHANIC:

The Market Mechanic has developed 3 proprietary indexes and oscillators: the Trend Index Aggressive (TI agg), the Delta Trend Index (DTI) and the Trend Index (TIndex).  These 3 proprietary indicators combined with the Directional Movement Index (DMI), the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) give us several distinct, high probability set ups that are used to day trade the emini S&P market. These indexes and oscillators are applied on time frames from 5 minutes to 60 minutes (5, 10, 15, 20, 30, 45 and 60) and these set ups are traded on all time frames. The final product of the combination of these proprietary and non proprietary oscillators and indexes is a mechanical system and methodology for identifying entry points into the market that completely sidelines emotion and allows its user to concentrate on the money management part of the trading equation.
The philosophy of the Market Mechanic is not to predict the market but to anticipate likely market scenarios that the market will produce on a daily basis and the best way to exploit these opportunities. These set ups are designed to profitably and consistently exploit these market scenarios.
Markets are opportunity generating machines; our software and methodology strive to take advantage of these opportunities as they arise and provide its users a consistent and reliable profit making trading set ups.