Daytrading the CPI.
With the gap up open after a lower than expected CPI, the idea of buying the open is a common one, but we wait for a setup. Here is what I saw this morning.
Archives: Daily Videos
Technology is at a key juncture
The technology sector as measured by the XLK ETF is at an important spot for establishing the direction of the next move.
Will CPI save the bears?
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How to Trade SPX through FED?
In this video I walk through one of the strategies I have used quite a bit this year to trade off volatile news events without having to be right about the direction.
MCD with a Squeeze
In today’s video I walk through the Daily, Weekly, and Monthly chart and talk about a few different trade ideas to consider on MCD if it can hold up through the news this week.
Roll into a Big Week
The roll is on as of today and we have a big week ahead with CPI, FOMC & more. Tomorrow we get the first of the meaningful week’s numbers followed by FOMC Wednesday and then the ECB & BOE Thursday. That’s enough to make a difference.
Rocking & Rolling
Wheat, Coffee, NatGas are Rocking while the indices are Rolling. We are rolling the stock index futures from the December ’22 to the March ’23 and there is quite the premium to price in. In the ES the premium is +32 points and about +200 in the YM. Commodities are Rocking the house!
Quick hits & drama free fell in love and had a baby
Quick hits & drama free fell in love and had a baby. And this is that baby.
I have been using Quick Hit charts to finesse the Drama Free entries and more often than not, it’s glorious.
The rising wedge breakdown pattern has confirmed lower. Next target /ES 3850.
With the breakdown of the rising wedge and 60min bear flag, suggest that price may test 3850.