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2008, Part II
Market has come down to the decision point for the Final Act. In this video I show you the path that I believe is setting up into the end of the year.
Did You Catch the Correction?
In Thursday’s review we spent some time setting up for the quarter end and while the action wasn’t exactly what I described, it was close enough to pull down some cash, and may set the stage for an important reversal next week.
Are we there yet?
Today I discuss why it’s normal to maybe have another severe down day on Monday. If so, then maybe the PCALL ratio can give us a reason to buy this market.
Prepping for Quarter End
Friday brings the end of month along with the end of the quarter, and could also bring some additional volatility to the markets. Should we get a bigger break, these are a few of the bearish targets I’ll be looking for.
What boring daytrades look like
Directional, 60-90 minute trading window, and waiting for price to reach a zone… that is boring daytrading in a nutshell. Here’s a look at how we daytraded this morning and a look at how euro, the long bond, and natural gas played out today.
Tricky Market
In this video, we discuss the selling we have seen and try to make heads or tails of it. We hit another new low on the year for the SPX, so what does that mean for the overall market? Should we buy the dip or not? The best thing to do in a market like this is to proceed with caution and be very strategic with your trades.
Here Comes the Short Squeeze?
With the market trading at oversold levels, the odds of a short-squeeze continue to increase. Let’s take a look at the “recipe for a rally” that will have to come together for us to see the bulls take this market higher in the short-term.
Are we there yet?
Getting close to the spot that we’ve had in mind since the beginning of the week. The weekly ES Pivot is 3768.5, which also closes a gap from late last week. This is the area that I’ve been stalking as the next shorting opportunity, and I will explain in tonight’s mid-week market update.
Why Worry About The Bigger Picture When You Can Generate Cash This Way?
It’s not about being right, it’s about setting yourself up for success.
World’s Most Boring Daytrader
Daytrading the boring way is how we have been finding sanity in these markets and solid trades on short-term time frames. Here’s a look at what we did this morning and the template for how I trade the morning session each day.
