Trader’s Wire Market Update for Friday, April 14, 2017

Trader’s Wire Market Update for Friday, April 14, 2017

COMMENTARY RE NEXT TRADING DAY:  The market should advance Monday, in the absence of news.
OVERNIGHT INTO THE NEXT TRADING DAY: For extremely sophisticated professional investors, my recommendation for an overnight trade (today’s close through the next trading day’s opening) is: Buy QQQ
FULL DAY ON THE NEXT TRADING DAY: For extremely sophisticated professional investors, my recommendation for A ONE day trade (today’s close through the next trading day’s close) is:  Buy QQQ
PARTIAL DAY ON THE NEXT TRADING DAY: Based on my Index models at the present time (which is still prior to closing data results), the following are the odds of the various indices being up versus down from tonight’s close through 10:45 a.m. on the next trading day:
NDX 55:45
SPX 55:45
RUT 45:55
DJII 50:50
SPX-BASED DAILY MODEL ADVANCE LOOK: While it is impossible to calculate the Turov on Timing Daily Model until several hours after the close, in a news-neutral environment, the SPX-based daily model is bullish for the next trading day.
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