04/14/2014 Live Update

[Heck]

Short. No change. Profit stop lowered.

My summation signal is neutral. A break of the lows could turn it down for the S&P. The R2K model looks like it is trying to set a cycle bottom.
My composite trend signal is down.

The idea is to let profits run with the trend. The trouble is it is OPEX week after some heavy one way trade.
It seems probable that there will be a counter trend move, and it may be severe given that put calls were going bonkers last week.
It is a historically bullish OPEX week.
It is a short week. So, the guess work is which day gets the move, how big is it and from where does it start. (It may have started overnight.)
If my stop gets taken out, instead of running, my profit will just crumple. I may work some longs at some point if I can read the tape clearly.
My preference, as usual, is to do nothing.

That said, occasionally OPEX weeks surprise by pressing the trend and running over countermove players.
Improbable but possible as there are some exogenous events unfolding.

Heck, if your ISEE reads are suggesting anything, your thoughts would be welcome. Thanks.

Hi B

Just saw this coming back from swim.
Undervalued ISEE Equity opening long c/ps gave a strong +355% buy this AM, posted on a pullback @10:48.
Undervalued Index opening long c/p's have been on a sell under 100% for about a week, suggesting hedgies and institutional portfolio managers are hedging risk. Goldie likes to keep premium it sells, so inclined to credit undervalued Equity opening long c/p's more.
Market looks like distribution, but learned the hard way to watch ISEE, more often right.
Cheers.