Tradecontext
Morning Ideas September 30, 2020Short and sweet today. Not letting the move down from the debate flush me out of this trade.
Morning Ideas September 17, 2020Selling and volatility overnight is concerning for the longs, but we are right on the edge of where I expect the buyers to come back in.
Quad witching Friday is tomorrow and I would expect there to be some volatility but I would expect us to close tomorrow somewhere around the 3350-3400 area.
This means I would be looking to see what happens at 3330 to try and get long.
Morning Ideas May 21, 2020Be careful with the short side, Powell speaking today. 65 becomes pretty big as value area high has moved up a bit and we've traded quite a bit up there.
I'd want to see the market rejecting high 60's should we get there.
My educated guess is that we will stay in this area until Powell pushes us out. I'd prefer the long side here as that's the way value is migrating.
Morning Ideas December 5, 2019Right at the area where I expect to see some kind of direction from the market. A move back down would be the start of acceptance since we fell out of the upper balance...
A move back up would mean that the market fall was just to shake out the weak buyers.
I wouldn't buy the breakout here.
Morning Ideas December 4, 2019Ill keep it brief because we are running late for class.
Market gave us a nice correction yesterday but right to the bottom of a value area and a nice bounce. Would be looking for the 17 area from here.
If we roll back over, I would expect us to try and attack the lows again soon
Morning Ideas December 2, 2019Right in the middle of where we traded around the thanksgiving holidays.
I expect this to be a neutral type of day while everyone is back at the desk after the holiday break.
I look for 3150-3140 areas to frame the market today.
Morning Ideas November 22, 2019A nice ping pong between areas yesterday.
3111 looms large today, and it's where we are at the time of the video. I would expect to see some more fighting here from the sellers.
Morning Ideas November 21, 2019Beautiful fall into the volume below yesterday afternoon on news.
Look for the market to try and make a decision here around 3110 and if its able to sustain above it, look for 3120.
If not, 3090's are back in the cards.
Morning Ideas November 20, 2019A good lesson on unfinished profiles and what they mean.
I would expect to see 3110 area be a big level this morning. If we are able to sustain prices above it, 3122 is back on deck.
If we break below and pull back, I'd expect to see some sellers step in and try and move us down towards 3095
Morning Ideas November 18, 2019Much of the same, though we are getting a pullback on what appears to be news.
Morning Ideas November 15, 2019Got a nice push higher overnight to finally separate ourselves from the range.
Careful here as the push looks like it could be exhaustion, I'm looking at the 94 area on a pullback.
Morning Ideas November 14, 2019Market still clearly accepting prices higher.
Profile becoming very box-y meaning that the market is indifferent at any price between the highs and lows of value.
The line in the sand below is still 70, in my opinion, and you'd wouldn't be wrong staying long until that is broken.
Remember, the market is accepting higher and when that happens, the more likely scenario is that we will continue in that direction.
If you're going to be short from up here, you have a nice Reward for your risk as long as you keep the stops tighter.
You don't want to be holding on to positions against the grain that are moving against you.
Morning Ideas November 13, 2019Stuck in the middle of this upper balance.
It's a good thing and a bad thing for the longs.
It's good because we aren't rejecting this upper balance, we are still very much in the middle of the balance.
The bad news here is that we can still pull back to the lower end of the balance so if you're long, you may have to sit through some heat.
VPOC from yesterday is above us and this market is likely to be pretty choppy on the open because we are in an area of acceptance.
Refrain from chasing the market in such environments.
Morning Ideas November 12, 2019Not much to say here. Market still doing it's thing.
Still watching 85 and 70 below, and wouldn't be too excited about buying the breakout.
Morning Ideas November 11, 2019Pretty good movement overnight.
Looks a bit like a failed high from Friday and a weak low in the overnight session.
Would be looking for low 70's high 60's as the weak low will likely be taken.
I wouldn't expect too much today, as Europe and Asia leave this market, I expect it to be very slow in the U.S. Session.
Morning Ideas November 8, 2019Very orderly here. I have said it before and I'll say it again, until this market pulls back, I would be looking for opportunities to get long.
Don't try and pick the top...
If you really want to take a short, make sure you have something above you to lean on.
We have some nice structure below us that will tell us on the open whether we are going to fall back into value, or move higher.
I would imagine we continue higher until I see the buying shut off.
Morning Ideas November 7, 2019Yesterday gave a great opportunity after the news.
THe market basically faked lower in the balance and ran into the volume below and found buyers.
This is why it's dangerous to be pushing shorts when the market keeps accepting higher prices.
Follow the acceptance.
Taking a trade...Mid Market Update November 5, 2019A little explanantion of how things can shift based on failure/rejection.
Morning Ideas November 5, 2019Some good news out of china overnight send the market up with a little spike.
We are ranging near the value high and wold expect this market to continue in this direction,but we may need to dip into value first.
I would continue to be long, and although there will be some short opportunities, make sure you are not overstaying them!
Morning Ideas November 4, 2019Good morning from Colombia!
We are at ATH again, and we continue to accept higher.
Listen to that again, we continue to accept higher prices.
The market is NOT showing any signs at this point, so you have to be long, IMO.
The market is stretched overnight on low volume, so I'll wait for low 70's.
