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Signs of Trouble by Brexit on June 23, 2016

2016 Jun 21 Tue 10:32:57 | by Lawrence

My members shared with me notices they’ve received from their brokerages regarding increase in margin requirements going into Brexit on June 23rd. I have received several notices myself too with similar message. This will further cut down the liquidity in all the major markets and induces even higher volatility post Brexit vote.

Check with your brokerage to see if you are affected.

Better yet, if you do not need to keep an open position going into Brexit, don’t.

One comment


Emini S&P Battleplan Jun 21, 2016

2016 Jun 21 Tue 9:15:39 | by Lawrence

Overview

Emini overnight range 2071.25 up to 2086.00 (at 9:05 am)

Overnight Midpoint 2078.50

Previous Week Mid 2065.00

Emini S&P is now trading at the top part of its range with a gap up.

 

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Battleplan for the Day

(premium member only content below)

 The rest of the article is available to our premium members only.  Login or upgrade your membership to view this article now.

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Review of Forecast for Jun 13, 2016


S&P intraday downside breakout fulfilled 100% weekly range expansion. Whiplash moves around 50% expansion level. The breadth analog model did an excellent job for the week.

Forecast Starting Jun 20, 2016


Summary of the S&P500 short-term forecast based on my proprietary market breadth analog model as of the close of Jun 17, 2016:
  • Server problem led to no data for Wed to Fri. Observation here partly based on broad market breadth readings.
  • Custom market breadth downside breakout points to more downside risk
  • Intraday volatility spikes expected
  • 1% down move points to 2% or more downside push in play

For timely update including real-time trading signals and analysis join us today.

Report Snapshot


custom_market_breadth_20160617

Short Explanation About The Model


My market breadth based analog model takes into account the short term volatility, daily market breadth readings and a few other intraday breadth data to identify the current market conditions. Using the information, the model then went through the historical data over the past 20 years to generate its statistical analysis. The model has been pretty good at identifying important swing tops and bottoms over the past few years by providing early warnings about potential volatility upticks.

For the technical explanation of the concept, you can read about it here, Market Breadth Primer: Market Breadth Analog Forecasting Method

To access the market breadth analog forecast report daily, sign up as our paid member now

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2016 Jun 17
Emini S&P Battleplan Jun 17, 2016  premium content

Overview No overview today due to technical difficulties   Battleplan for the Day (premium member only content below) See the chart below for key price zones to watch for. Same chart from Wed posted here due to t ...

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2016 Jun 16
Emini S&P Battleplan Jun 16, 2016  premium content

Overview No overview today due to technical difficulties   Battleplan for the Day (premium member only content below) See the chart below for key price zones to watch for. Same chart for yesterday posted here due ...

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2016 Jun 15
Emini S&P Battleplan Jun 15, 2016  premium content

Overview Emini overnight range 2059.75 up to 2067.75 (at 5:30 am) Overnight Midpoint 2063.75 Previous Week Low 2079.50 Emini S&P is now trading at the top part of its range with a gap up.   Battleplan for the Day (premium mem ...

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2016 Jun 14
Emini S&P Battleplan Jun 14, 2016  premium content

Overview Emini overnight range 2064.00 up to 2071.75 (at 3:50 am) Overnight Midpoint 2068.00 Previous Week Low 2079.50 Emini S&P is now trading at the bottom part of its range with a gap down.   Battleplan for the Day (premiu ...

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2016 Jun 11
S&P500 Short Term Market Breadth Analog Forecast Starting Jun 13, 2016

Review of Forecast for Jun 6, 2016 S&P not able to range expand much to the upside and given up everything suddenly fulfilled the compression expectation as custom breadth compression continues. The breadth analog model did a good job for the ...

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2016 Jun 9
Emini S&P Battleplan Jun 9, 2016  premium content

Overview Emini overnight range 2108.50 up to 2118.50 (at 8:50 am) Overnight Midpoint 2113.50 Previous Day Low 2111.25 Emini S&P is now trading at the bottom part of its range with a gap down.   Battleplan for the Day (premium ...

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2016 Jun 8
Emini S&P Battleplan Jun 8, 2016  premium content

Overview Emini overnight range 2106.50 up to 2115.00 (at 9:05 am) Overnight Midpoint 21110.75 Previous Day Close 2111.25 Emini S&P is now trading at the top part of its range with a gap up.   Battleplan for the Day (premium m ...

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