Kevin Haggerty

Commentaries

Kevin Haggerty, Connors Research

About Kevin Haggerty

From 1990 to 1997, Kevin Haggerty served as Senior Vice President for Equity Trading at Fidelity Capital Markets, Boston, a division of Fidelity Investments. He was responsible for all U.S. institutional Listed, OTC and Option trading in addition to all major Exchange Floor Executions. For a free trial to Kevin’s Daily Trading Report, please click here.

Trading Symmetry, Sequence and Probability

SPX10

The SPX made a 7/3 pre-holiday marked up new cycle high at 1985.59, followed by a decline to 1952.86 last Thursday, which was accelerated by the Portugal Bank nonsense relative to the US market. However, it provided intraday, an extended volatility trading opportunity relative to the significant SPX discounted NYSE opening, and this commentary will [Read More]

Current Time Symmetry

Kevin Haggerty

The IWM and QQQ declined -10.7% and -8.4% from the cycle time symmetry in the first week in March, while the SPX decline from that zone and subsequent high was only -4.4% to the 4/11/14 1814 low at the 50DEMA The QQQ has bounced back to its early March high from just above its 200DEMA [Read More]

Market Symmetry Part Two

Kevin Haggerty

The QQQ and IWM made new bull cycle highs on 3/7/14, which was the anticipated 8.6 cycle time period symmetry, as you were aware of from previous commentaries. The symmetry was 60.2 mo`s, which is 7 x 8.6, and it was confirmed by an O/B condition so the reversal probability was high. The QQQ, following [Read More]

March Time Symmetry

Kevin Haggerty

In the previous market commentary, I mentioned that the SPX had consolidated at the 100DEMA 1771 zone for five days in the last week of Jan, but obviously took that zone out with the double bottom low at 1737.92 on 2/5/14. I also said that “There is some significant time symmetry in the first week [Read More]

Trade What is, Not What Should Be

Kevin Haggerty

The SPX was -3.6% in January and has now declined -6.1% so far from the [1/15] 1851 high to the 1737.92 low last week [2/5]. The index had consolidated at the 100DEMA 1771 zone for five days in the last week of January, but obviously took that zone out last week with a double bottom [Read More]

Trade the Core Price Action

Kevin Haggerty

The SPX resolved its ST/OB condition by making a 1768 low at the 50DEMA on 12/18/13, and then advancing +4.6% to a new bull cycle high of 1849.44 on 12/31/13 to close +30% [29.6] on the year at 1848.36. Congrats to the Fed, or should it be said the master of the Ponzi Scheme. The [Read More]

Symmetry Key in All Time Periods

Kevin Haggerty

The SPX was +2.8% for Nov and is +26.6% YTD as it closed +1.1% Fri to 1805.09 on the “funny money” NFP report, which was similar to the ridiculous NFP report etc before the election which the BLS fabricated for Obama. The index finished -.04% last week after 8 straight positive up weeks, and remains [Read More]

High Probability-Low Stress Day Trading

Kevin Haggerty

The SPX finished +4.9% for October, and is slightly positive for November so far. The ‘herd’ is all on the same side of the boat in that there is a ‘bubble’, but that the Fed will continue to inflate the markets and bail out the banks, so it is $85 billion QE per month or [Read More]

Don’t Mistake Brains for the Fed’s Artificially Inflated Market

Kevin Haggerty

In my previous commentary I said that the scare tactics/lies from both the Democrats and Republicans about the debt ceiling and default etc are just that, but it would be resolved in favor of the market. However, the current resolution is just a stop gap until Feb 2014, and then we get to witness the [Read More]

The Market Hoax will continue with Yellen

Kevin Haggerty

In the previous commentary I included the SPX monthly chart of this bull market which outlined the extreme O/B condition and negative 5 RSI Divergence from the 1687 to 1730 cycle high. It highlights the 91.30 RSI at the 1687 high, and the negative 123 declining momentum divergence with the SPX. I also said the [Read More]

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