Markets Bounce Off Good Price Support Levels.
With the NQ testing support first, the ES finally listened and tested the 3965 support. The key now is how short term oversold conditions are worked off.
Archives: Daily Videos
Meat On Bone
Some bullish signs appearing in key areas of the market, but approaching major resistance zones. Let’s review the risk to reward profile for next week.
Colt Attac
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
Fading For the Win
In this chop the simple and time-tested fade has worked effectively against both support and resistance levels intraday, here’s how it worked during the FOMC Minutes release today.
Fading Levels, Trends to Watch, and the Easiest Macro Gauge.
In this update I walk you through how I have been daytrading and the best times, which trends on the daily chart are on my radar, as well as the most straightforward approach to decoding inflation and jobs data.
Short But Good
It’s a short week this week but certainly has been a good one. Tonight I’ll review a little but also make plans for the next session or two.
Mostly An Update
I think of tonight’s update as really just that, an update. The reason is that most of what we have working from recent trade ideas is working well and thus needs little attention. I do want to point out a couple of very interesting new observations in Crude and Corn that are worth paying attention to.
A tale of two firelines
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If Bonds Keep Rallying, I am Leaning Long the Software Stocks.
Software stocks have really been nailed on the spike in interest rates, as their high price/sales valuations fall. If bonds stay up, I think the unloved software stocks are buys on dips.