Trading setups for May 28

The intermediate term S&P Model is flat and in cash. This model will get short the SPX at the close tomorrow May 28^th if the VIX stays above 29.54.

The NASDAQ model is long as of the close on May 21^st. This model will sell the long in NDX and get flat into cash at the close tomorrow May 28^th if the VXN stays above 30.23 or if the VXN closes above 30.3 or if the VXN closes above the VXN open.

The VIX Model is flat and in cash. This model will exit the short and get long the VIX if the VIX stays above 29.54 or if the VIX closes above 29.68 or if the VIX closes above the VIX open.

No Ripe Trade entries for today!

Stocks ready to Breakout

Here is a list of stocks that meet the breakout trade setup criteria of a 10 day Bollinger band width in the bottom decile for a 200 day look back. ( GRMN, ROST) The next step is to look for a big gap tomorrow (greater than 1 range above or below the close) then enter on a bull or bear range pivot in the same direction as the gap.The real time 2008 performance results are hereOne thought on the breakout candidates is to incorporate trend and only take buy signals of stocks in an uptrend and sell signals for stocks in a downtrend.