Below you will see the published updates from the Market Dimensions Advisory showcasing the positions that were executed following the MDA SnapShot levels that were released from today’s session. This content is from the “Trading Updates/Recaps” that go out to MDA Subscribers. If you would like to follow these trading alerts in real-time, receive them in your inbox and have the ability to speak with me, you will need to subscribe to the newsletter and become a client of our firm. To get these updates sent directly to your inbox, please SUBSCRIBE HERE. To see ALL MDA published updates (trading recaps, daily levels, and educational trading material), visit the MDA BLOG PAGE: HERE.
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Below the first update, you will see the original charts showing buy/sell zones
Published 7/21/16 – 10:58 am – Short Position Filled update – potential scalp
Our sell zone we had in play this morning was just filled @ 2163.25 we have traded lower and put in a low @ 2160.00. We are seeing weakness in crude oil breaking below the $45 level as well as the Nasdaq and Mini-dow. We are not seeing a swooping move through these new lows but are seeing it staying pressed against the bids. I would suggest taking a partial scalp on your positions and potentially trail a stop if/when we move lower.
Published 7/21/16 – 11:33 am – Shor Position Update with Chart – Adjust Risk
Here is the 30 min snapshot chart showing the short position @ 2163.25 and the potential partial exit that I emailed about. This market has put in a low @ 2159.50. For those who are holding positions, look to move your stop to entry to make this a risk free trade.
MDA SnapShot 30 Min Chart:
Published 7/21/16 – 8:12am
MDA SnapShot 30 Min Chart: Showing Morning Levels Zones In play
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STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.
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