9.12.21 Russell2000 Strategy......................................................................
The VIX popped and dropped last week making the selling again a very short term event. The S&P ES1! is right back on trend after holding the 55EMA on the daily. Gold GC1! is in balance and crude CL1! continues to look like it wants lower prints. Economic Calendar Week Starting Sun, Aug 22 Monday, August 23 EU Manufacturing & Services PMI 2:15 AM CST US...
8.19.21 Russel Mini: Long trade. Three things that added miserly to my trading: when I had 8 monitors; having great patterns. but not using the alert tool to "watch" the market for me; drawing too much ( I was working hard but I was distracted away from the great entries on another market).
There is a lot on tap this week including earnings from most of big tech (TSLA, AAPL, GOOG, MSFT, AMZN, FB) and a Fed Meeting/Policy Statement Wednesday. The S&P (ES), Nasdaq 100 (NQ) and Dow (YM) all hit all time closing highs on Friday so it's a break out or bust look on several charts. Let's take a look at the levels for the stock index futures, bonds, gold,...
Stock indices finally broke their uptrends last week, and the small caps (RTYU2021) completely fell apart. In the first of what may become a Sunday evening series, I take a look at what the Volume Profile and price structure may be telling us in terms of levels to watch this week for the ESU2021, NQU2021, RTYU2021, GCQ2021, ZNU2021, ZBU2021, and MBTN2021. Quick...