SUNDAY UPDATE꞉ THE LAST WEEKEND OF UNOFFICIAL SUMMER

“For most of you … Summer’s over this weekend … deal with it!”

Directly below, this week’s 20 Day Range MA’s for our selected markets.

click on any chart to enlarge

This is the unofficial end of Summer … not for those of us that live in the

Caribbean, but if you’re in the U.S., prepare for cold weather cuz it’s coming

… meanwhile, we come back Tuesday to markets that are decidedly volatile

… even with some days last week that were dull, the 20 Day Range MA’s are at

the highest they’ve been in at least 2 years, maybe longer … for gold, it’s been

at least since 2012, and for the DOW30 you have to go back pre-2015 … and

quite frankly, historically speaking September & October are some of the most

volatile months markets see each year … so who knows with the FED meeting

coming up later in September, and the idiocy they will come up with, what we’re

looking at going forward into Fall.

Tomorrow will be biz as usual in Asia & Europe, and of course the U.S. is closed

… could see Asia be normal, but usually Europe will quiet down early to make the

day rather dull, but that isn’t the norm this year … we’ll see what happens.

As I stated on Friday, the Dow30 has become a great trading vehicle … as long

as 1] trading action isn’t too bat shit crazy, 2] daily ranges aren’t off the wall, and

3] slippage on fills is minimal, this is as good as the Hang Seng Index in Hong

Kong … it’s simply a travesty that the offshore brokerage community insists on

treating the Hang Seng with ridiculous spreads that make it a CFD ripoff.

We’ll see how the trading action behaves on Monday, to see whether or not I do

any DOW30 and/or gold trading … depends on the spreads and whether or not

the markets are moving … come Tuesday, though, I’ll definitely be trading the

DOW30 on algorithm buy signals, right along with gold if it can stay active.

Cable [GBPUSD] for its part, needs to see a pickup in intraday volatility

… although not written in stone, I’d like to see the 20 Day Range MA in Cable

rise above 110 PIPS … at that level and higher, Cable VIX becomes good enough

for the algorithm to shine … the lower the 20 Day Range MA gets below 110 PIPS,

the less effective the algorithm becomes, and below 80 PIPS it becomes

untradeable … so, we aren’t quite there yet in Cable.

Onto the week, with NFP at the end on Friday … get ready for some volatility

… until tomorrow mi amigos … Onward & Upward!!

Have a great rest of your Holiday weekend everybody!

-vegas