Navigator™ Signals for Day Traders Final Comments – 6/14/2021 by AF Thornton Jun 14, 2021 0 Comment The behavior of many underlying sectors is concerning today, giving the appearance that the market is rolling over. The FANGMAN+T group (Monsters of Tech) is holding the market up – with the cap weighting we became so accustomed to last year. Beyond that, NYSE internals – in a few words – delivered unpleasantly. We saw that reflected in the sector performance – or lack thereof.We may get a squeaker of a close above the key lines I have been referencing. But for me to stay positive for day trading, I need to see a close above 4233 on the S&P 500 futures. The Navigator Algo Swing Strategy is 100% cash, where it will remain for now.In short, the market is hanging by a thread, but the market has survived these threads lately. The NASDAQ 100 remains positive, as one would expect with the Tech Monsters holding things together at the moment.No further clarity today – which gives credence to the “marking time into Wednesday’s Fed Meeting announcements” theory.A.F. Thornton
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AF Thornton Website: https://tradingarchimedes.com A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.