Morning Ideas November 13, 2020Same old theory. Long and strong in the direction of the trend. Waiting on 3600
Tradecontext
Mid-Morning Ideas November 12, 2020Volatility contraction is what we are seeing here.
I would expect this market to continue to bleed higher towards 3600.
Morning Ideas November 11, 2020I'm looking to buy dips for a ride to 3600.
VIX is getting crushed, options data is pointing to a mean reversion type trade. It's always better to trade these mean reversion type trades in the direction of the trend, which is long here.
Morning Ideas November 10, 2020Long here expecting some sort of bounce back towards 3590 or so where we broke down from.
Morning Ideas November 6, 2020VIX taking a beating again this morning, and I think this is once again, a long.
It's friday and anything can happen still, but i'm seeing 99.5 percent sure that Biden has won the election.
Morning Ideas November 4, 2020Still a toss up and a market moving 250-300 points in either direction!
Caution!
Morning Ideas Election Day November 3, 2020I won't take a directional stance here, it would just be a guess.
What's important to understand here is that technical levels are pretty useless when the volatility comes in following the election.
Good luck and enjoy the volatility!
Morning Ideas November 2, 2020Caution taking a directional stance before the election. I think Im going to get some popcorn and watch this unfold.
I would expect a non directional wide range day with the big players unlikely to commit to one side or the other here.
Morning Ideas October 28, 2020Lengthy morning ideas today.
I think it's very important to watch this and understand how to trade when volatility arises.
Morning Ideas October 27, 2020Flushout yesterday, I think its still wait and see.
I'm thinking short until the market takes back 3425.
Obviously, headlines and news could easily change things here.
Morning Ideas October 26, 2020Hard to short from the breakout area here, but the market clearly isn't loving the higher. We just can't push through 3450.
As I said in the video, don't rush to jump in the market here, there will be PLENTY of opportunities coming soon.
Election is next week and all hell is going to break loose after that. I would imagine we'd see lots of volatility regardless of who wins.
Morning Ideas October 22, 2020Still long, sat through that flushout.
Needs to get through here to push back into 3450. Now it's clearly accepting lower prices and that is not a good sign for the buyers.
How To Trade Around NewsOne of the common mistakes I see is traders chasing the market around news.
Trading news is a game that we simply cannot play as humans. That game should be left to the algo's who have much deeper pockets and better tech.
This doesn't mean you can't find high probability trades around news, but they may not be what you think they are.
Let us know what you think or what your strategy is around news events.
Morning Ideas October 20, 2020Markets pushed out some weak buyers yesterday on the stimulus news.
I expect the market to try and rebound today, and I will keep that stance until we start to accept lower prices.
Morning Ideas October 19, 20202 weeks until the election, still looking for the market to continue higher.
3475 is an option level that was talked about a lot in the Spotgamma report today, so I will watch that level closely this morning to see if anything shows up in the book there.
If we get below 3480-3475 we could see some expansion lower, but that doesn't mean a trend change.
Morning Ideas October 16, 2020Was able to hold onto some from yesterday since it had a big lead.
Long continue to pay with an occasional loss on quick drops.
Morning Ideas October 8, 2020Got wiggled out a bit early yesterday, as the sellers were trying to hold 3395.
They held temporarily, then got the doors blown off later in the day.
Status quo here, long and strong, though you have to be willing to sit through a pullback if you choose to get long from up here.
Morning Ideas October 7, 2020Market is trying to take back the news based sell-off from yesterday's 'No DEAL' tweet by Trump.
I did not expect that move to continue lower yesterday, as posted in the live trading thread in our group.
I'm long and will be gunning for that 3410 level again today.
Morning Ideas October 6, 2020The market traveled to 3400 yesterday, as expected.
Today, I have a little bit more cautious approach, as we are approaching an area I would expect the market to slow down and try to find some sellers.
Morning Ideas October 5, 2020No selloff after Trump's health news. That's probably a sign the market wants to go higher and there is still a lack of sellers.
I am expect 3400 sometime this week and we will see what happens when we get there. If we can push through, it will likely be more shorts squeezed out.
