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 6/6/16 – 8:54 am – Long Position Update – new buy zone
For new entries or people adding to their existing long position:
The buy zone was filled and we are up 5+ pts on the long position. Depending on your lot sizing, I would consider trailing a stop or take a small profit on partial position. I do think we can go higher especially if we get people trying to sell and getting squeezed, but I want to make sure we are rewarding the trade.
Long @ 2102.00
last @ 2107.25
+5.25 or $262.50 before fees.
Published 6/6/16 – 10:07am – Long Position update with Chart
I wanted to provide an update highlighting our entries on these S&P long positions. We have had new levels form after our move higher so we have trailed our stop up below the Green Bottom zone. For those who are flat looking for countertrend trades to this upside, consider selling that zone. We have a speech by Janet Yellen around 11:30am central. From what is being reported, she had to rewrite the speech so most likely based on Fridays non-farm release that could have the Fed waiting to adjust rates to later this year. Either way, we definitely could see some market volatility around based on what is said. It would be nice to add that upside to our long position but at the same time we could definitely erase our gains too. It doesn’t appear that we are getting much momentum at these 2108.50 highs at the time of this email. So depending on position size consider taking partial profits or look to trail stops. If we you were able to take Friday’s buy end of day and today’s entry today, we were able to get a nice move.
Click for larger Image:
30 min SnapShot Chart: ES updated levels
Published 6/6/16 – 8:34 am – Chart of levels showing entry
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