Today's Shorting Level

I'm looking for a rally off the open to somewhere around the Projected High level of 2579.00 to continue the follow-thru to the downside potentially to the Projected Low of 2531.00

To Do Workspace

Add Six Pack Workspace with 3 different Dollar Timeframes on top and Major Indexex on bottom

Potential Intraday Trades

• TD Projected Highs and Lows
• Globex Highs and Lows
• Supply and Demand Levels just outside Globex Highs and Lows
• 9:00 Reversal

Sector Rotation 2

Stocks that get hammered the hardest (logically) reach Demand Levels first

Sector Rotation and Top Down Analysis 1

Instructor: Chuck

ETF Sectors

XLE - Energy

XLI - Industrials

XLB - Basic Materials

XLU - Utilities

XLP - Consumer Staples

XLV - Healthcare

XLK - Technology

XLF - Financials

XLY - Consumer Discretionary

These all move in packs:

Energy

Industrials

Basic Materials

Utilities

Consumer Staples

Services

Technology

Financials

Cyclicals

Each Week Review Anchor Points on StockCharts.com:

90 Days - 2 Best and Worst

30 Days - 2 Best and Worst

10 Days - 2 Best and Worst

In Bull Markets we want to BUY Strong Stocks

In Bear Markets we want to SHORT the Worst of the Worst Stocks

Look for Technology and Financials to turn up to reestablish BULL Market

Monday Outlook

The ES is opening up but still inside the Projected Range with a Projected High of 1201.38. SPY could be gapping up into SUPPLY. DeMark is showing more upside potentially off the open. I'm looking for a rally off the open into SUPPLY around the 1215 level with a potential pull back following that. This could be a pivotal day with the continuing of last week's uptrend or more ominously a breakdown creating more lows. Long term DeMark is still showing more downside but we will have to see more SUPPLY kicking in soon.

Today's Outlook: Opening up into SUPPLY and then declining thereafter.

Sam Says ...

If price goes more than 50% into a Supply or Demand Level, Sam wouldn't take that trade again.