The last four trading days of 2017 weren’t terribly active, but the move in crude made it all worthwhile. A few other equity spots have been slower to nearly bearish, and I do think this is a good spot to have some hedges on. Let’s dive in and see how we’re heading into the new … Read more
The Santa Rally often transitions to an early unwind in January. What are the levels to watch for that kind of correction and what are the implications across other markets?
Trading the NQ, ES, and even YM into the end of the year has been slightly more challenging, as AAPL’s iPhone X “hangover” is a drag on the markets. Let’s take a look at the intraday setups and what I am watching for as 2017’s last trading day is upon us.
In addition to tax loss harvesting starting tomorrow in the trading rooms at 1 pm Central, it’s also time to get ready for the portfolio blow out.
The chop on many markets in the daily time frame is the first clue that we need to shorten our time frames and be more nimble. Especially with the choppy price action we see in the market as the year winds to a close.
As a trader, there is one gift you can give yourself at no cost, and I encourage everyone to consider this as they ready their portfolios for the first of the year.
Exhaustion moves can be tricky, especially when a short squeeze still has bullish momentum. Here’s a look at the currencies I am watching with emphasis on the Australian dollar.