Reversal Versus Retracement
We have a lot of retracements that are brewing for trends that are still valid. And that’s the focus I will keep until the trend transitions — which it has not.
We have a lot of retracements that are brewing for trends that are still valid. And that’s the focus I will keep until the trend transitions — which it has not.
If you know where to look, the market leaves clues…
This type of day has been, since October, a great opportunity to go shopping. How and why I do that is explained in this video.
Lots to like on a pullback day. Is the uptrend still intact on the daily? YES. Are there buys on days like today? Yes. It’s a blue light special.
In this market, we discuss the continued move higher and what is driving the markets as we continue to hit new all time highs. We discuss what can keep us going and what might derail us.
Despite today’s big breakdown on daily time of the yen futures, the intraday weakness told a story of not just daytrading the yen the short side but to trade the indices to the long side.