Stacks Image 3360

The "Box" Setup

My favorite technique for trading stocks uses two moving averages, a short term 10ema and intermediate term 30sma. Trading in-between the two averages as they are moving higher is what I commonly use to trade longs. Reverse the slope and with down trending action I use these two to setup a short. Ichimoku is similar in that the periods are 9 and 26.
Stacks Image 3393

Using the Custom TTM Scanner

The Keltner/Bollinger Band Trigger is a similar method as the Bollinger Band Squeeze for trading momentum. After a period of low or decreasing volatility the Bollinger Bands narrow and enter the Keltner Channel. The squeeze inside the Keltner Channel is the first part of the setup.

The trigger occurs first, as the Bollinger Bands expand and second, as they explode out of the Keltner channel, what is known as a TTM trigger. Depending on the shape of the top and bottom bands a few things can be determined visually.
April 16, 2014 - How to Use the Daily Scan
Sunday Video

RECENT BLOG POSTS

3/16/2014 - 3/23/2014

Sunday video and watch list. We continue to see strength in the defensive sectors, XLU and XLP.
Monday night TTM/BBand/Keltner scan for Tuesday trading
here

3/03/2014

As a daily free service, I've started updating my scans everyday, MOC, subscribe to my BLOG for updates.

2/17/2014

John Murphy at Stockcharts mentioned the $NYA200R (NYSE Composite stocks trading above their 200 day moving average) relative to the S&P500 weekly chart. I decided to do the same with the SPXA200R relative to the S&P500. Read more......

2/09/2014

Zooming out to a monthly view of the S&P500, the SPY in this case, we need to point out the overbought nature of RSI. The last cyclical bull peak in 2007 became overbought and pulled back at this level. We are currently in month 59 of the current cyclical bull market off the 2009 low, a 178% gain, from 666 to 1850. (rounded). Despite the 20% correction in 2011, the market ran higher. Read more...
1/26/2014

The Bond markets appear to have turned the corner over the past several weeks, with TLT and IEF (7/10/20 year durations) in new uptrends, breaking the previous eight (8) month downtrend.

At $37 trillion[1], the US Bond market is about 2.6x the size of the $14 tril US Stock Market[2]. [1] This includes all bonds - asset-backed, mortgages, government debt, everything. Corporate debt is only $8 tril of this. So for corporations the stock market is potentially a more significant source of capital. [2] The Wilshire 5000 Index is a good proxy for the overall US stock market. Wilshire pegs it at about $14 trillion total cap. So what Vinny? Well, I am watching the carry trade for clues. DBV is a good measure....

UPDATE: The President's SOTU Speech lacked substance and only added fuel that he would act like a dictator rather than an elected official with enumerated powers. The market is down in response.
1/19/2014
Thoughts on the current 58 month secular bull market. Seasonality this week is bullish since 1950.
1/12/2014
Big Cap 75 - $XII ARCA Institutional Index near 50% retrace and lower trend line of ascending pattern 2013,
1/05/2014
Financials - Watch List - C BAC ETFC LM MET MS WFC FITB
12/21/2013
Christmas Rally Mode - Lots of good setups covered in this weeks video for you degenerates who need to trade over the holidays.
12/08/2013
Lots of setups in XLF, XLV and XHB.
12/02/2013
Looking for consolidation here as the SPX and COMPQ test this rising wedge. If we break it could be short and sweet, perhaps to the previous pivot high last week of October and first two weeks of November. After an eleven day sideways range we broke out to new highs the week of November 11th.
Watching Healthcare and Homebuilders. $XOM looking good as well.
11/17/2013
Statistically speaking we are headed into what would be seven weeks higher on the SP500, if it were to occur. A pullback on the SPX weekly most often follows six weeks higher without a rest. Can the index move higher? The SP500 can certainly, though I anticipate a move lower. I said that last week too….. icon_wink
The Top Twenty Five Movers and Shakers which traders have focused there attention on during 2013. I like AMBA, for its push higher, BLOX, IGTE, NFLX for their recent pullbacks to moving averages and BITA, SFUN and VIPS which are setting up nice bull flags on their daily charts.
Mikey's watchlist:
GEOS, EEFT, EDU, LOPE, SKX, KKD, BLMN, RH, WBMD.
In addition, all nine SPDR sectors look bullish, with MACD crossovers late in the week with the exception of XLU. Look to those sector components for trade setups going into the week if the SP500 continues higher. If TNX bounces and moves higher XLF could follow suit as banks benefit from the yield curve turning higher. Builders and REITs on the other hand could get hit.
Also do yourself a favor and read Ukarlewitz Blog as he always has insightful commentary on the markets. In particular, UK's points on milestone round number points 1400, 1500, 1600, 1700 and looming above 1800 on SP500 bears repeating.
As always, Happy Trading - CV

11/12/2013

Interest sensitive stocks saw weakness on Friday. Commodities, builders, REITS and utilities moved lower. Stocks in sectors that benefited; banks, industrial, material and technology saw strength. This video covers what to expect in the coming week.

11/4/2013

Have you ever noticed bad news (indices) always seems to occur when least expected?

Most news is viewed as noise, so we filter it out as traders.
We haven’t had any bad news since the government shutdown; even that news was muted considering all of the MBS buying and selling by the FED. The market continues to head higher. Lately, the rhetoric over Iran is reaching a point that even I stopped to listen to this weekend. Kerry, Hagen, Israel and even Iran is getting on the band wagon.
So what Vinny, it’s just political rhetoric and saber rattling. Maybe so, but the timing, along with the underlining action is what I am focused on. Five of the nine SPDR sector ETFs are showing divergence between price and accumulated volume. The XLY, XLE, XLF, XLV, XLU charts are showing divergence between price and accumulated (up volume) volume.

December 23, 2013 - SP500 Market Timing Chart Indicators
Stacks Image 676
  • SPY Box Trade Setting Up? ------ 12/03/2013

Stacks Image 1994

SPY is setting up for a nice Box Trade if we see buyers step in. December typically plays out like the chart below, dipping first few days and then higher. Will Santa disappoint this year? Odds are he won't.
Chart Credit iBankCoin

Profits stack up nicely as compared to Christmas rallies back to 1959.
Chart Credit iBankCoin
SPX for the Week - 02/17/2013
Micron"box" Trade hits resistance
5/17/13 Friday

Links and Favorites
Stacks Image 2389
Stacks Image 2391
Stacks Image 2393
Stacks Image 1841
only search TheClosingPrint
A very nice MAC based 6 monitor trading setup. I'm having this configuration setup for me at present with the exception I will use 6 Apple 27" Cinema Displays.
Stacks Image 1473
YouTube Channel Tutorials
Using "the Box" setup explained
How to become a Better Trader Series. Using the "BOX" Setup to increase your accuracy.
The trend following system developed in Japan still used today by Forex traders.
Understanding Point and Figure charts will add to your trading success.
How to Use the TTM Squeeze, my Way: The Visual Version
WhiplashPC
About Cousin Vinny
Cousin Vinny is the internet moniker for TLLeBlanc, Architect who started trading in 1987. Practicing Architecture for over 30 years, Mr. LeBlanc found the technical aspects of building, design and construction prepared him well for fundamental and technical analysis.

He is a family man, a native of New Orleans, currently residing in New Jersey.
Contact us
Vinny@theclosingprint.com
Support@theclosingprint.com


Screen Shot 2012-12-22 at 11.54.43 PM
Mission
We have a simple mission. We wish to make profitable trading and investing a core part of every "newbie" trader.

Knowledge is power and with trading, being able to act quickly, with forethought is a critical component to success.

We wish to educate new traders in the process of recognizing and executing high probability setups, entries and exits.
U.S. Government Required Disclaimer - Forex, futures, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the Trading Concepts methodology or system or the information in this letter will generate profits or ensure freedom from losses.

No Warranties

ALL WEB SITES, PRODUCTS AND SERVICES ARE PROVIDED, AS IS, WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. OUR COMPANY DOES NOT WARRANT, GUARANTEE, OR MAKE ANY REPRESENTATIONS REGARDING THE USE, OR THE RESULTS OF THE USE, OF THE WEB SITES, PRODUCTS, SERVICES OR WRITTEN MATERIALS IN THE TERMS OF CORRECTNESS, ACCURACY, RELIABILITY, TIMELINESS OR OTHERWISE. THE ENTIRE RISK AS TO THE RESULTS AND PERFORMANCE OF THE WEB SITES, PRODUCTS AND SERVICES ARE ASSUMED BY YOU. IF THE WEB SITES, PRODUCTS, SERVICES OR WRITTEN MATERIALS ARE DEFECTIVE, YOU, AND NOT OUR COMPANY, ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION.
THIS IS THE ONLY WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, THAT IS MADE BY OUR COMPANY. NO ORAL OR WRITTEN INFORMATION OR ADVICE GIVEN BY OUR COMPANY SHALL CREATE A WARRANTY OR IN ANY WAY INCREASE THE SCOPE OF THIS WARRANTY, AND YOU MAY NOT RELY ON SUCH INFORMATION OR ADVICE TO DO SO.
  • This is the default HTML.
  • You can replace it with your own.
  • Include your own code without the HTML, Head, or Body tags.