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Back to Balance
There was a reason we have been targeting the ES & SPX levels. The idea was a return to balance. The day has come and the initial target achieved. I’ll lay out a plan going forward given the fact that there is still data ahead both tomorrow and Friday.
Thursday’s Coin Flip
It’s always fascinating to see how technical levels can line up with fundamental reports. The most recent example is seen through both the S&P futures and SPX. Let’s review where and what those are, and what they might mean into tomorrow.
Volume and Volatility Entries
What is working as we start 2023? 1) Sticking with daytrading and 2) Focusing on volume and volatility levels. In fact, it is imperative we continue to put more emphasis on measuring volatility in our trading plan.
Powell & CPI this week
Last couple of weeks we’ve discussed preparing for the main event and that is this week. Here it is folks. We hear from Fed’s chair Powell tomorrow, CPI Wednesday, and then earnings season kicks off Friday with some big name Financials.
Feeder Cattle? Who watched Feeder Cattle?
The feeder cattle market could be setting up for a bear move. Here’s what I’m watching and the potential triggers I’m looking for.
MSFT About To Roll Over?
In this video I walk through MSFT and some of the bearish sentiment I am seeing on the Daily and Weekly Timeframes. I also give a few trade ideas to consider for a move lower.
Short covering rally to be continued for January expiry
Pretty straightforward here folks, I tend to think of January as one of the most unique months out of the trading year, where really—anything can happen. It sure is easy to just be short in a bear market, but today’s move back into 3900 in /ES doesn’t make me want to be bearish at all, not in the /ES and not in gold futures either. Let’s discuss…
…And, they’re off
Wrapping up the first trading week of the new year. All in all okay, I guess. It’s next week that things really get started, though. Let’s look at that in tonight’s market review/plan.
