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Proactive Market Timing
 
Proactive Market Timing Service

Market Timer: Fari Hamzei

Executive Officer: @Admiral_Tiko

Editors: Capt. Stephanie Alexander & Nancy Scott

Here is the most recent How the PMT Market Bias Service Works Video

PMT Archives   Current PMT Issue

Most Recent PMT vs SPX Performance Chart

Thursday, October 29, 2020, 1330ET
WEEKLY Support, Pivot & Resistance Levels Chart for Issue #339

Thursday, October 29, 2020, 1330ET
Market Bias for Issue #339

Our current Market Bias with Timer Digest is LONG SPX since OCT 9 at 3477
Our previous Market Bias was SHORT SPX since SEPT 29 at 3335


            Here are the trade parameters for this week:

SPX Secondary Profit Target for last 20% of our position = 3410
SPX Primary Profit Target for first 80% of our position = 3360
SPX Money Management Stop for last 20% of our position = 3335
SPX Current Price is = 3297
SPX Money Management Stop for 100% of our position = 3225


Action Asset Expiration Strike Option Last Mid-Point
BUY SPY Friday NOV 20 330 Calls 10.50 10.47
SELL SHORT SPY Friday NOV 20 337 Calls 6.72 6.73
You need to execute both legs and hold it as a Call-Spread.

Note A: Once the Primary Profit Target has been reached, traders are advised to close 80% of their position in order to lock in profits. The remaining balance can be carried over with a BreakEven STOP, based on the SPX level at the time of entry, in order to make the trade a zero-risk trade with the final position running to reach the Secondary Profit Target. Once either Secondary Profit or Money Management (BreakEven STOP after the 80% peel-off) is hit, our Option/ETF trade for that week is over. Go to Cash and wait for the next PMT Issue.

Note B: When we change our Market Bias with Timer Digest, You need to go FLAT asap. With PMT Pro, that is before the Close that day and with the basic PMT, at the open of the next day. The following trading day, we will issue new SPX targets and a new SPY options trade, as long as our new market bias with Timer Digest is NOT flat.

Fari Hamzei

Thursday, October 29, 2020, 1330ET
Market Timing Charts, Analysis & Commentary for Issue #339


Timer Charts of S&P-500 Cash Index (SPX) + NASDAQ-100 Cash Index (NDX)

Most recent S&P-500 Cash Index (SPX) Close: 3218 down -6 (down -0.2%) for the seven trading days ending on Tuesday, July 28, 2020, which closed very near its plus 0.5 sigma.

DJIA ALL TIME INTRADAY HIGH = 29568 reached on Wednesday, February 12, 2020
DJT ALL TIME INTRADAY HIGH = 11945 reached on Monday, October 12, 2020
SPX ALL TIME INTRADAY HIGH = 3588 reached on Wednesday, September 2, 2020
NDX ALL TIME INTRADAY HIGH = 8873 reached on Wednesday, September 2, 2020
RUT ALL TIME INTRADAY HIGH = 1742 reached on Friday, August 31, 2018

Current DAILY +2 Sigma SPX = 3507 with WEEKLY +2 Sigma = 3578
Current DAILY 0 Sigma SPX = 3363 with WEEKLY 0 Sigma = 3287
Current DAILY -2 Sigma SPX = 3220 with WEEKLY -2 Sigma = 2996

NYSE McClellan Oscillator = +177 (-150 is start of the O/S area; around -275 to -300 area or lower, we go into the “launch-pad” mode; over +150, we are in O/B area)
NYSE Breadth Thrust = 61.3(40 is considered as oversold and 65 as overbought)



HA_SP1_Momo Chart

WEEKLY Timing Model = on a BUY Signal since Friday, June 19, 2020 CLOSE at 3097
DAILY Timing Model = on a BUY Signal since Wednesday, Sept 30, 2020 CLOSE at 3363
Max SPX 52wk-highs reading last week = 70 (over 120-140, the local maxima is in)
Max SPX 52wk-Lows reading last week = 1 (over 40-60, the local minima is in)
HA_SP1 again closed near its plus 2 sigma channels
HA_Momo = +9.1 (reversals most likely occur above +10 or below -10)



3-month VIX Futures Spread(VX) Chart

This shifted timing indicator for identifying tradable bottoms, (now long AUG20, & short NOV20 VIX Futures) hit -1.26 at the Close on Monday. This is another near overbought reading.



HA_SP2 Chart

HA_SP2 = 81.3 (Buy signal <= 30, Sell Signal >= 70)

This fantastic timing indicator says we are slightly overbought here.

Fari Hamzei




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Chat with Fari on TradeStation.com Fari Hamzei writes for CBOE Options Hub on event-deriven basis       Futures & Options for Stock Indices
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