I want to start tonight’s discussion with where we left off last week. So much has happened since then along with completion of several of the patterns I was looking for. The turning points were clear, so let’s make sure they’re noted, then get into a few ideas for the witching expiration.
That’s been the approach since mid-June: Focusing on the first hour after the bell. Why? Because it’s been the cleanest and keeps us out of the fray. Here’s how the setups worked this morning during the “magic hour”.
Since mid-June there is an hour and setup that has been working best and that’s the emphasis for my trading. I also explain levels in NASDAQ, S&P, and the 30-Year that are on my radar.
In this video, we discuss the huge sell-off we had yesterday after the “hot” CPI numbers. The market did not like this at all and we are now in a holding pattern until we hear from the FED next week. Will they raise rates .50 or .75 or more, and how would this affect the market?
In this video, we discuss the huge sell-off we had yesterday, after the CPI numbers came in “hotter” than expected. The market did not like this at all and we are now in a holding pattern until we hear from the FED next week. Will they raise rates .50 or .75 or more and how would this affect the market? We talk about the trajectory of the market and where we might go. Lastly, we go over an end of day trade idea that worked today, and also a set up for tomorrow that you can still take.
Today the roll shows complete for that which will roll. The rest is left to cash settle. We still have two more reports and OPEX ahead to wrap up the week. Additionally, I’d like to update the line in the sand, and should it hold, the next bearish target as I see it.
Check this video out to see how we are navigating our way through extreme chop and rough volatility with hedges and big swings.
