Uncle Russell Fires Spanking Good Bear Signal – Classic Tag ‘n Turn Setup
Ahoy there, Trader! ⚓️
It’s Phil…
It’s a new day, it’s a new dawn, and I’m feeling good – cue theatrical musical number!
One of the lovely things about being a trader is the ability to bugger off and do something else… and why not? Nothing so grandiose as hiking, biking, zoo’ing, or any of our other favourite pastimes. This time it was just a spur-of-the-moment decision to have a Tuesday afternoon off with Mrs N. Spot of lunch and a little live music with some friends, all the while the swing trades were swinging.
Remember, I’m in the UK, so my afternoon is when the US markets are just opening – basically, I bunked off on a school day! The beauty of systematic trading is that it works whether you’re watching or having a lovely afternoon out.
Anyway, let’s look at the charts and see what mechanical opportunities have developed while I was enjoying life.
Keep scrolling for Uncle Rus bear signal and /CL breakout action…
SPX Market Briefing:
Yesterday’s afternoon off proved once again that systematic approaches work best when you’re not overthinking them.
Current Systematic Status:
- Uncle Russell: Fired spanking good bear signal – classic Tag ‘n Turn setup
- RUT Direction: Bearish until bullish, inside larger rising channel
- SPX Setup: Development version handling post-breakout poorly, waiting for entry
- /CL Futures: Running nicely from range lows toward range highs target
Uncle Rus Bear Signal Beauty:
Uncle Russell has fired off a spanking good bear signal that’s also looking a little toppy on the daily charts. This is a classic Tag ‘n Turn setup operating inside the larger rising channel we’ve been monitoring.
The mechanical beauty of this setup is its simplicity: we are now bearish until bullish. No complex analysis, no overthinking market conditions – just systematic positioning based on price action signals.
SPX Development Issues:
The SPX setup didn’t fire off correctly on my development version, and I’m looking at the handling of post-breakout target reached scenarios. Bottom line: it should have fired off, but I was also doing other things (living life), so I’m still waiting for my next SPX swing entry.
Should there be a small rally today, I’ll use that opportunity to get positioned. I’m already working on an update to handle the transition of setups more smoothly.
Crude Oil Range Play:
/CL futures are running nicely from the range lows to the range highs and should pop that target level. This demonstrates how multiple systematic approaches can work across different markets simultaneously.
Murphy’s Law in Action:
Yesterday was also an awesome day for the Premium Poppers and Lazy Poppers – of course they were, as I was doing something else! I think that’s one of the rules of Murphy’s Law: the markets perform best when you’re not obsessing over every tick.
Today’s Systematic Plan:
- RUT: Execute bear signal positioning, monitor larger rising channel boundaries
- SPX: Watch for small rally to establish next swing entry position
- Premium/Lazy Poppers: Continue deployment after yesterday’s Murphy’s Law success
- Development Work: Update post-breakout target handling for smoother transitions
This Morning’s Focus:
There’s money to be made and setups developing. Today’s Fast Forward group call should also be interesting, especially discussing the mechanical approach to balancing systematic trading with actually living your life.
The freedom to take spontaneous afternoons off while positions work mechanically – that’s exactly why we build systematic approaches in the first place.
In Other News…
Cautious tone whilst everyone awaits Powell’s wisdom
ES sat flatter than Wallie’s enthusiasm for Monday meetings at 6,695 by 9:25 AM versus Monday’s close. Overnight range tighter than Percy’s grip on his emergency tea stash at 6,690-6,702. NQ managed a thrilling +0.01% whilst RTY dipped -0.1% because apparently small companies are having trust issues. VIX at 12.9 signals fear levels somewhere between “mild concern about lunch choices” and “forgot to charge mobile overnight.”
Sector rotation discovers shiny new obsessions
Defensive plays leading with gold miners hitting all-time highs because apparently digging up shiny rocks beats actual business models. Healthcare mixed as Kenvue rebounds 4% from Trump’s autism-Tylenol claims whilst Johnson & Johnson gets upgraded on cancer pipeline progress. AutoZone down 3% on disappointing earnings because even car parts stores can’t escape reality occasionally. Tech awaiting Powell guidance like students before exam results.
Earnings calendar produces mixed corporate confessions
AutoZone missed quarterly estimates with $48.71 EPS versus $50.73 expected because apparently selling car parts isn’t as profitable as previously imagined. Johnson & Johnson upgraded by Guggenheim citing $6B+ sales potential from cancer treatments, proving pharmaceutical companies can still surprise analysts positively. Light calendar continues ahead of Costco Thursday because apparently warehouse shopping data matters for economic indicators.
Cross-asset philosophy awaits central banker enlightenment
Treasury curve stable as markets await Powell clarity on rate path like disciples waiting for monetary policy scripture. Gold’s record run outpacing equity gains with miners at highs because precious metals are having their moment again. Dollar steady whilst credit spreads unchanged, proving even boring assets can maintain composure. Options positioning defensive ahead of Fed chair remarks because derivatives markets smell uncertainty.
-Hazel
Rumour Has It…
Breaking from the Financial Nuts newsroom: Percy was discovered arranging his desk pigeons in “Afternoon Off Formation” while claiming they had “predicted the exact timing for optimal life-work balance through advanced leisure cooing analysis.”
Hazel was spotted updating her “Spontaneous Time Off Protocols” while simultaneously preparing “Murphy’s Law Trading Management” procedures for when markets perform best during absence.
Mac raised his morning whisky and declared, “My dear chaps, the finest trades happen when you’re too busy living to watch every bloody tick!”
Kash was livestreaming about “systematic trading being basically like DeFi yield farming but with actual life-work balance integration,” while Wallie just grumbled, “In my day, we didn’t need permission to take afternoons off! Markets traded themselves properly!”
This is entirely made-up satire. Probably!
Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?
Fun Fact:
Options: The Financial Casino’s Slot Machines
Put and call options give you the right (but not obligation) to buy or sell stocks at specific prices—basically turning every stock into a betting line at Caesar’s Palace!
Options trading is what happens when Wall Street decides regular stock investing isn’t exciting enough and needs more leverage, more complexity, and more ways to lose money faster! A call option gives you the right to buy a stock at a specific price (betting it goes up), while a put option gives you the right to sell at a specific price (betting it goes down).
It’s like having a reservation at a restaurant that you can use or not use, except the reservation can expire worthless and cost you money.
The beauty of options is that you can control 100 shares of expensive stocks for a fraction of the cost, which sounds great until you realize you can also lose 100% of your investment in a matter of days. Professional options traders use complex strategies with names like “Iron Condors” and “Butterfly Spreads” that sound more like wrestling moves than financial instruments.
The options market has become so sophisticated that there are people who make fortunes by selling “time decay” to other investors—literally profiting from the passage of time like some sort of financial time lords!
Meme of the Day:
When you take Tuesday afternoon off and the Premium Poppers have their best day ever
Happy trading,
Phil
Less Brain, More Gain
…and may your trades be smoother than a cashmere codpiece
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