WAITING AND WAITING AND WAITING, ARE YOU READY TO AGGRESIVLEY TRADE THIS MARKET?
Well yesterday was a fun day with big moves and big volume only can hope for more think that. After big moves we can chop around for a day before making more big moves, however be ready for any type of tweet pump. I will remain with no directional bias until chop zone is broken, will just look for trades inside the chop zone until a bias is found. I will...
Stocks are forming an open auction day, consolidating about yesterday's POC. They seem to be knocking on the upper bound of this range, indicating we may see a slow drift higher. This would make sense as the markets have been beaten down off trade fears for the past few days. Keep in mind that a headline could send us careening up or down depending on whether...
I still think the market is completely political driven and we're getting a pullback due to trump china trade war reaching the home stretch before a deal is made. Trump is completely manhandling China and they will submit to America. This would be my short plan for doomsday. Mirror of bottom. Will update with new post when entry looks ready to trigger.
No call again... been a pretty directionless last 3-4 weeks. SPY $300 right around the corner. VIX got totally rejected. Sell in May and Go Away articles coming out. Buffett interested in Amazon GDP was 3.2% Unemployment Strong. IPO's coming out. Uber Next week. Smallcaps looking like a bit of a breakout, waiting to see if it's sustained. But would be...
the green arrow mark what I think is the chop zone for the day, a break below I will target 2895 and a break above I target 2928 and then 2949. will watch open and if we are below this break zone will play a retrace short from the bottom of the zone or the days vwap/mid area. Today's ideas will remain this simple.
On opening we have a big gap down on news, these size of gaps do not often fill the following day but to see this test 2926 area is not out of the question. so a break above 2912 area it is possible we test this 2926 spot and then see how strong things are. this market could also just digest this info and chop around down here in between the areas marked. now if...
Looks like the market is trying to get back into the higher distribution with steady buying all night. I expect at open we move down and then find buyers again to see if we can get back above 2933 area. if we can then right back to the middle of the range prior to Wednesdays drop. In the event they can move down below 2917 and hold it down there for any decent...
Often after a big move the next day is a consolidation day, be nice to not see that today but will sort of expect it. This consolidation range or chop zone is marked. In this zone will look to long from the bottom and short from the top, this is where my triggers help. In teh event we move out of the chop with some volume and energy we have two possible plays 1)...
FOMC day so thinking the chop zone could be in play, with a very choppy trade. In the even we can get above or below that range can point to what we could see. Above the overnight high we will see either a big short squeeze or a very low volume grind, did not check short interest. First line below is target if we move out the bottom of the chop range This...
looks like we open with a down move into marked chop zone and from there we either just chop, as zone marks, or we get a break above to retest the highs, or we break below to test lower targets of 2933 and 2919. Will be watching opening action to see how this will play out
the over night is in a very balanced area right about where the market closed so no real opening adjustment expected, First idea is a test into the 2930 - 2933 area and maybe this just becomes the chop zone for the day, if this area can let go the would expect a move to 2920 area and then a move back to 2930 area, further down is not very likely, but anything...
Happy all time highs. No call. Google + Apple reporting next week. Microsoft reached 1 trillion market cap. Majority of companies reporting earnings beats and revenue misses. How is that possible? Buybacks. Keep an eye on Semiconductors, smallcaps, oil, and China. Natural gas looking interesting. Maybe check on the VIX positioning. Record number. When...
looking at a open drop then a bounce to top of range and possible further up, but watch the boundaries for inside trades
Be careful with 2942 - it's historical maximum. With a high probability the price will not be able to breakout this level the first time. Breakdown requires accumulation. I think that a false breakdown will occur and the price will go down sharply.
Looking at consolidation boundaries to dictate today's trade ideas: 1) will look for a tight back and forth if we remain inside the boundaries, 2) on a break out to the up side will target the upper line 2938 and possibly much higher, will give targets if that happens. 3) if a break down then looking for 2 targets one at 2919 and the other 2906 today looks like...
Looks like the action is calling for higher levels again, and yes we are do for a retrace however I need to see some price action that tells me it wants to happen until then have to remain bullish. I think today opens in yesterdays range and may or may not move higher today. So far this market has moved then digested then moved so today could be a day of...
Well wish there was something new and interesting to talk about today but looks like more of the same. However The market sure looks poised to make a run higher and in my estimation probably will, maybe not today but a few things to me looks like it will be today. The lines from yesterday only have a slight move up but same idea. If I had to pick a primary idea...