Note From Rolls

I have some bad news tonight. I’ve been fighting a health problem for the past month, and I’m not winning. Not yet anyway. The problem makes it very difficult to write this daily newsletter, so I’m going to pause the Substack for a week and rest.

Pausing the newsletter means that billing is put on hold, so nobody will pay during the break. I’ll send another note out later in the week and let everyone know how I’m doing. Hopefully it will be good news.

Intro

Thursday

SPY neutral.

QQQ bullish.

Macro stock trend bullish.

Realtime prints high volume semiconductors (as expected). Time to trail up stops and take profits on those guys.

Close prints high volume semi’s and China.

What is next? Same update as yesterday. Typically what happens next is that the market slips under the prints and then falls. I really hate making any kind of short term prediction though. They could hang around here a while and pop up the market a few times. Longer timeframe, I think they start dropping the indexes soon. The boys at mission control need to dump all the semi’s at the highs first.

Friday

Notice the RR indicator turned bullish on Thursday and the market ripped up on Friday. Interesting.

Did the market slip under index levels? No. In order for the market to be bearish, the market has to lose levels. That didn’t happen.

SPY PRINTS

Prints at the lows and none at the highs. Bullish.

Subscribe