Course And Heading 09/30/19

The Tide is very difficult to read right now, it's a confused sea. The recent King High Tide peaked at 3020.74 on September 12. At that time the Tide had risen for 37 days and 7%.

Today marks 55 days since the last Low Tide and 18 days since the High Tide reached it's high mark. If we are in a Low Tide we are in a long Low Tide (18 days) as they usually decline for 17 days. If we are still in the High Tide it will be a long High Tide as it will need to exceed 3020.74 to continue.

My guess is we are probably in a Low Tide as Friday's low of 2945.53 wasn't too far off 2923 which would have confirmed the Low Tide. But as I type the S&P is about 50 points from the High Tide peak and about 50 points from a Low Tide confirmation.

It might not be as fun as sailing but the best thing to do is watch from the dock.

Therefore:
  • No new long positions planned.
  • No short positions planned.
  • Hold and/or sell existing positions.
Fair winds and following seas!

Trading Tide Levels:
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This is for informational purposes only and the information provided does not encompass all possible or probable outcomes and nothing posted here is an indication of future results. Nothing in this blog is a guarantee or promise of future investment returns and investing in stocks or bonds carries risks including losing your entire investment. I do not recommend, advocate or endorse any third-party links, resources or advertisements of any kind. Any investment decisions are recommended to be in conjunction with a Certified Financial Planner, a comprehensive and personal financial plan and all other components that make up your own financial situation.

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